A LA Multifamily success story in Pico-Robertson
4th Sale in Pico-Robertson in the Last Year
1952 S Holt Ave.
This marks our fourth Pico-Robertson sale in the last year and our team's 20th closing in 2025. Learn more below.
Offering Price
$1,985,000
City
Pico-Robertson
Current CAP
N/A
Price per unit
$330,833
Lot Size
6,306 SF
1952 s holt ave
About the Property
1952 S Holt Ave is a six-unit Los Angeles multifamily property located just south of Pico Boulevard in one of LA's most consistently high-demand rental markets. The property features five spacious three-bedroom, two-bath units ideal for roommates, families, and professionals, plus one studio. Recent renovations include wood-laminate floors, quartz countertops, stainless appliances, and several units with balconies or patios.
Situated 1.2 miles from the heart of Pico-Robertson and adjacent to Beverlywood, 1952 S Holt Ave benefits from proximity to the forthcoming Purple Line station. For Los Angeles multifamily investors, the location offers both current appeal and long-term appreciation potential in a submarket that continues to attract strong tenant demand and capital investment.
Offering Price
$1,985,000
Number of Units
6 Units
Bldg. Size
6,442 SF
Price per Foot
$308
Year Built
1963
Market CAP
N/A
Zoning
LARD2
Background
The seller, a long-standing client of Kenny Stevens Team, had been actively repositioning out of the LA multifamily market. After we delivered strong results on another Pico-Robertson property just over a month prior, the client returned to us for 1952 S Holt Ave. This repeat engagement demonstrates the value of trusted advisory relationships in navigating Los Angeles multifamily transactions.
The property's strong location and diverse unit mix made it an attractive offering in the Pico-Robertson submarket. The combination of five three-bedroom units and one studio appeals to a wide range of renter profiles, supporting both occupancy stability and operational flexibility for this Los Angeles multifamily asset.
Challenge
Like many 1960s buildings, 1952 S Holt Ave required multiple system upgrades. Due diligence revealed typical capital needs for properties of this vintage, including electrical, and plumbing systems that would require investment.
Despite these near-term capital needs, the strong location and unit mix at this Los Angeles multifamily property presented a clear value-add opportunity. The key challenge was positioning the property to attract buyers who recognized the upside potential and were willing to invest in the necessary upgrades.
Result
After 50 days on market, 1952 S Holt Ave generated four to five offers, reflecting strong buyer interest. The property closed at $1,985,000 in 90 days, achieving $331,000 per unit. Kenny Stevens Team represented both seller and buyer, ensuring a smooth transaction that worked for everyone involved.
The winning buyer was a medical professional who already owned properties in the Pico-Robertson area. This buyer recognized the unit mix at 1952 S Holt Ave as a competitive advantage and identified immediate value-add potential in the vacant three-bedroom unit.
This transaction marks our fourth Pico-Robertson sale in the last 12 months and our team's 20th closing in 2025. Properties with strong location and unit mix continue to attract serious buyers, even with near-term capital needs. If you own a value-add property and want to explore your options, the Kenny Stevens Team is ready to help.
