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Listed by: Cheyenne Womack (805) 973-7470 DRE #02064825, Lauren Cearley DRE #02146823 | Myunits.com Inc. (844) 698-6487
$3,195,000
Monthly Est:$15,903
14 Beds
17 Baths
6,091sqft
1255 N Gower St, Los Angeles, CA 90038
$3,195,000
$15,903/moEst:
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Quadruplex
Built in 2021
$-- HOA
6,508 sqft lot
$525/sq.ft
Description
1255 N Gower St is an exceptional opportunity to acquire a luxury new-construction 5-unit multifamily property in the heart of Hollywood. Featuring modern architecture, elevated designer finishes, custom built-ins, oversized windows, and thoughtfully designed interiors, this turnkey asset offers investors a high-quality, low-maintenance investment in one of Los Angeles' most desirable rental markets.
Spanning approximately 6,091 square feet across two buildings, the property features four spacious 3-bedroom residences and one 2-bedroom unit, each offering stainless steel appliances, central HVAC, in-unit laundry, modern finishes, and balconies.
Four of the five units are currently leased at market rents, providing immediate cash flow and established rental income. All utilities are separately metered, and the property includes eight on-site parking spaces, helping minimize operating expenses and simplify management.
Offered at $3,195,000, the property delivers a 5.40% cap rate, approximately $224,880 in annual gross potential rental income, and an attractive basis of $639,000 per unit.
Ideally located near Larchmont Village, Melrose Avenue, Santa Monica Boulevard, and Hollywood Boulevard, the property benefits from proximity to Paramount Pictures, Sunset Gower Studios, Netflix, and some of L.A.'s most popular dining, shopping, and entertainment destinations.
With luxury construction, strong existing rental income, separately metered utilities, and a prime Hollywood location, 1255 N Gower St presents an opportunity to acquire a modern multifamily investment with long-term rental appeal.
- Houzeo last checked: 10 hours ago
- Listing updated: October 12, 2026 at 2:33 am
- Source: California Regional MLS-CA | MLS#: BB26220362
Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
3
County
City
Neighborhood
Year Built
2021
HOA Fees
-
Finished Area
6,091 sqft
Lot Size
6,508 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
BB26220362
MLS Status
Active
Days on Market
1
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 14
Bathrooms: 17
Interior
Interior Features
Balcony, Open Floorplan, Recessed Lighting
Sewer
Public Sewer
Heating
Central
Flooring
Laminate, Tile
Appliances
Dishwasher, Freezer, Disposal, Gas Oven, Gas Range, Microwave, Refrigerator, Dryer, Washer
Cooling
Central Air
Construction
Year Built
Year Built: 2021
Home type
Quadruplex
Property Condition
Turnkey
Architectural Style
Modern
Utilities & Energy
Pool Features
None
Water Source
Public
Laundry Features
Inside
Other Features
Lot Features
Landscaped, Level, Street Level
Community Features
Curbs, Street Lights, Sidewalks
Price History
| Date | Event | Price |
|---|---|---|
10/11/2026 Source: | Listed for Sale | $3,195,000 +81844.09% $525/sqft |
07/16/2025 Source: | Sold | $3,899 -0.03% $1/sqft |
07/16/2025 Source: | Price Increased | $3,900 +0.03% $1/sqft |
06/09/2025 Source: | Price Decreased | $3,899 -2.50% $1/sqft |
04/17/2025 Source: | Listed for Sale | $3,999 -0.02% $1/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Oct 12, 2026, 10:30AM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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