$2,950,000
About this home
Nestled at the intersection of the Hollywood Hills, Franklin Village, and Beachwood Canyon, 1960 Argyle Ave is a rare multifamily investment opportunity offering stable in-place income with significant value-add upside in one of Los Angeles' most sought-after rental markets. The existing 4-unit property has been recently remodeled with condo-quality finishes throughout and features spacious 2-bedroom, 2.5-bathroom units, alley access, and rear garages. Zoned R3-1XL, the property offers exceptional development potential with the opportunity to add multiple ADUs through garage conversions, enclosure of existing garage space, and the ability to build above the garages (buyer to verify). Ideally located near Griffith Park, major studios, premier dining, and entertainment, this is a premier value-add asset with long-term growth potential.
Facts & features
- Bedrooms
- 8
- Bathrooms
- 0 full, 0 half
- Living area
- 5,712 sq ft
- Appliances
- Barbecue, Dishwasher, Refrigerator, Dryer, Washer
- Heating
- Central
- Cooling
- Central Air
- Levels
- Multi Split
- Lot size
- 0.192 acres (8,354 sq ft)
- Architectural style
- Spanish
- Year built
- 1920
- Parking
- Private
- Parking spaces
- 8
- Area
- C 30 - Hollywood Hills East
- County
- Los Angeles
- Status
- Active
- Property type
- Residential Income
- Days on market
- 8
- Listed
- 2026-05-21
- Parcel #
- 5586006022
- MLS #
- 26833639
