Hollywood (C20) Homes under $2 million

Hollywood (C20) Homes under $2 million

Welcome to Hollywood, California – a vibrant neighborhood that perfectly embodies the spirit of Los Angeles. Renowned worldwide for its iconic entertainment industry, Hollywood is not just a place for stars; it’s a community rich in culture, history, and diversity. Nestled in the heart of Los Angeles County, this legendary locale boasts stunning views of the Hollywood Hills, a lively atmosphere, and an array of attractions that make it a desirable place to call home.

For those seeking a slice of this glamorous lifestyle without breaking the bank, Hollywood offers a fantastic selection of homes priced under $2 million. From charming bungalows to modern condos, there’s something for everyone. These properties often feature unique architectural styles, spacious layouts, and outdoor spaces perfect for soaking up the Californian sun. Imagine sipping your morning coffee while taking in breathtaking views of the iconic Hollywood sign or enjoying evening strolls along the bustling streets filled with trendy shops and world-class dining options.

Living in Hollywood means being at the center of it all. Enjoy easy access to renowned attractions such as the Hollywood Walk of Fame, Griffith Park, and the historic TCL Chinese Theatre. With a vibrant arts scene, eclectic nightlife, and a variety of cultural events, residents can immerse themselves in the dynamic lifestyle that Hollywood has to offer.

Whether you’re looking for a starter home or a stylish retreat, Hollywood’s real estate market under $2 million presents an exciting opportunity to invest in a community that combines glamour with everyday living. Explore the options today and discover your dream home in this iconic neighborhood!

Newest Hollywood (C20) Homes under $2 million

870 N Alexandria Avenue, Los Angeles
$1,199,000
3 Beds ⋅ 3 Baths ⋅ BB26224175 MLS ⋅ Active Status
Corner lot Tradional Home that has been updated and blends timeless character with modern comfort. Enter property from one of two gates to access circular driveway that fits up to 3 cars. Living room and dining room are the first rooms that greet you from the front door entrance. To the right are two large bedrooms, one guest bedroom and bath and one en-suite. Third bedroom is the largest en-suite of the two and has a separate shower and tub with jets for total relaxation. The remodeled kitchen offers white shaker cabinets, granite countertops, stainless steel appliances and a charming bright curved breakfast area surrounded by windows . Perfect for entertaining is the spacious formal dining room that includes a dry bar and convenient kitchen pass-through. Dining room opens seamlessly to the expansive living room with a cozy fireplace, creating a warm living space, ideal for entertaining and everyday living. Laundry room is right next to the kitchen and includes a convenient utility sink, plenty of storage and direct access to an outdoor covered patio. Outside, the property is surrounded by mature plants and fruit trees, including avocado, guava, lemon and two fig trees. Detached three car garage offers space for plenty of storage, expanding or creating an office, workout space or an ADU. Private covered patio is complete with an outdoor decorative fireplace and nook for a TV for outdoor enjoyment. Additional interior features include wood like flooring throughout, dual pane windows, window coverings, and split AC systems in each bedroom, kitchen and main living areas for year-round enjoyment. Lastly, there is A dog run and a raised garden bed that adds even more versatility to this wonderful outdoor space. All together this home is perfect for entertaining, relaxing and is conveniently located to near schools, churches, hospitals, shopping, public transportation and freeways. Come make this your home today.

870 N Alexandria Avenue, Los Angeles

1223 N Beachwood Drive, Los Angeles
$1,700,000
11 Beds ⋅ 11 Baths ⋅ 26102292 MLS ⋅ Active Status
1223 N. Beachwood Drive is a seven-unit apartment building in the heart of Hollywood, offered as a 100% fee simple interest on a free and clear basis. Built in 1963, the two-story building sits on a 6,749-square-foot lot with approximately 5,580 square feet of gross building area and secure gated parking, a valued amenity in a neighborhood where street parking is scarce. It offers three one-bedroom, one-bath units and four two-bedroom, two-bath units, one of which includes a den, a mix that appeals to young professionals, couples, roommates and residents who work from home. Current ownership has made substantial investments that remove many of the big-ticket items buyers of older Los Angeles buildings typically face: the mandatory soft-story seismic retrofit is complete, the roof has been replaced, electrical subpanels have been upgraded, the exterior has been freshly painted and a new automatic gate has been installed. A sleek horizontal-slat perimeter fence and modern gray exterior give the property strong curb appeal and a sense of privacy, while a private yard and patio space add rare outdoor living for residents. Three of the seven units have been fully renovated with white and natural wood-tone cabinetry, stone-look countertops, stainless steel appliances including gas ranges and dishwashers, light wood-look plank flooring, recessed lighting, mirrored closet doors, modern bathrooms with marble-look tile and stacked in-unit washers and dryers. These finishes compete with newer buildings, and several units already lease at or above market rents. The remaining four units give a new owner a clear, low-risk path to continue the same renovation program as they turn over, using a finish standard that has already been tested on site. The building is 100% occupied, providing stable income from day one, with in-place rents approximately 19% below market. That gap is concentrated in a few long-term tenancies, so each turnover is an opportunity to add meaningful income and value. Utility reimbursement income helps offset operating costs, and with the major capital work already done, a new owner can direct capital toward revenue-generating interior upgrades rather than deferred maintenance. Located just north of Santa Monica Boulevard on a residential block, the property puts residents minutes from Sunset Boulevard, Hollywood Boulevard, major production studios, the Hollywood/Vine Metro station and the Hollywood Freeway, giving easy access to employment centers throughout Los Angeles. Hollywood, renowned as the entertainment capital of the world, is one of the city's most recognized and amenity-rich rental markets. Residents enjoy historic theaters, live music venues, a celebrated outdoor amphitheater, award-winning restaurants, classic diners and buzzing nightlife, along with walkable shopping and iconic landmarks that draw millions of visitors each year. The Hollywood Hills and their hiking trails are a short drive north. Steady demand from professionals in entertainment, media, music and hospitality supports strong occupancy and rent growth for well-located, updated apartments. For investors, 1223 N. Beachwood Drive combines a seismically retrofitted, well-maintained building with stable in-place income, meaningful embedded upside and a manageable scale. The property is ideal for 1031 exchange buyers seeking a hands-off asset, value-add operators looking for a proven business plan and long-term investors who want to own in one of Southern California's most enduring rental markets. It is available individually or as part of a 23-unit, three-building portfolio with an additional Hollywood property and an eight-unit asset in West Hollywood, offering the chance to build immediate scale across two premier submarkets. Buyers should verify rent control status, unit sizes and building systems during due diligence. Tours by appointment only; please do not contact residents or on-site management.

1223 N Beachwood Drive, Los Angeles

5824 Virginia Avenue, Los Angeles
$1,550,000
11 Beds ⋅ 10 Baths ⋅ 26102302 MLS ⋅ Active Status
5824 Virginia Avenue is an eight-unit apartment building in the heart of Hollywood, offered as a 100% fee simple interest on a free and clear basis. Built in 1962, the two-story building sits on a 7,499-square-foot lot with approximately 6,504 square feet of gross building area. The property offers five one-bedroom, one-bath units, one two-bedroom, one-bath unit and two two-bedroom, two-bath units, averaging roughly 778 square feet, a practical mix with broad appeal to young professionals, couples, roommates and creatives working in the surrounding entertainment industry. The building is set behind a secure perimeter gate, with gated rear parking, covered carport spaces and an on-site laundry facility, all valued amenities in a dense neighborhood where street parking is limited. A landscaped side walkway leads to the units. Current ownership has made significant capital improvements that address the costly building-level items buyers of older Los Angeles properties often face. The mandatory soft-story seismic retrofit has been completed, the roof has been replaced and all unit electrical subpanels have been upgraded. That allows a new owner to focus capital on interior upgrades and income growth rather than deferred maintenance or major structural work. The building is 100% occupied, providing stable, durable income from day one, and it offers the deepest embedded rental upside in the portfolio. In-place rents are approximately 29% below market, and every unit is currently leased below its market rent, giving a new owner a long runway to grow income over time. Several long-term tenancies are leased far below today's market levels, so each turnover represents a meaningful opportunity to renovate and re-lease at market. As units turn over, a buyer can introduce modern finishes such as updated kitchens with stainless steel appliances and stone-look countertops, wood-look plank flooring, refreshed bathrooms and improved lighting. Utility reimbursement income helps offset operating costs. The property is subject to the Los Angeles Rent Stabilization Ordinance, under which rents on vacated units can generally be reset to market at turnover. 5824 Virginia Avenue is located on a residential block one block north of Santa Monica Boulevard near Bronson Avenue. Residents are minutes from Sunset Boulevard, Hollywood Boulevard, major production studios, Metro rail and the Hollywood Freeway, giving easy access to employment centers across Los Angeles. Hollywood, renowned as the entertainment capital of the world, is one of the city's most recognized and amenity-rich rental markets. Residents enjoy historic theaters, live music venues, a celebrated outdoor amphitheater, award-winning restaurants, classic diners and lively nightlife, along with walkable shopping and iconic landmarks that draw millions of visitors each year. The Hollywood Hills and their hiking trails are a short drive north. Steady demand from professionals in entertainment, media, music and hospitality, combined with limited new supply of attainable housing, supports strong occupancy and long-term rent growth. For investors, 5824 Virginia Avenue combines a seismically retrofitted building, stable 100% occupancy and the most significant mark-to-market opportunity in the offering. It is well suited to value-add operators seeking a long-term repositioning play, 1031 exchange buyers looking for a well-maintained asset with upside and long-term investors who want to own in one of Southern California's most enduring rental markets. The property is available individually or as part of a 23-unit, three-building portfolio with an additional Hollywood property and an eight-unit asset in West Hollywood. Buyers should verify unit sizes and building systems during due diligence. Tours by appointment only; please do not contact residents or on-site management.

5824 Virginia Avenue, Los Angeles

5633 La Mirada Avenue, Los Angeles
$1,499,000
9 Beds ⋅ 6 Baths ⋅ 26101715 MLS ⋅ Active Status
ORIGINALLY PRICED AT $1,700,000 NOW, IT'S PRICED TO SELL. "A stabilized low-expense Hollywood cash-flow asset with immediate upside, tax advantages, and flexible unit conversion potential. "This is a VERY specific buyer pool. This is for the MOTIVATED 1031 + cash flow buyer. STRATEGIC POSITIONING What this REALLY is: Low-maintenance asset Tenants paying utilities Strong cash flow Newly remodeled rear structure Potential future unit split Tier 3 / R3 Hollywood zoning 1031 exchange target Depreciation benefit Vacancy leverage1031 exchange buyers passive-income investors small apartment syndicators Airbnb/furnished rental operators tax-focused buyers "retiree investors" This IS: "Low expense, high-cash-flow Hollywood income machine with upside. "Investors want: clean numbers operational upside tax strategy low headache NEW INVESTOR POSITIONING Hollywood / Silver Lake Adjacent Value-Add Cash Flow Opportunity 5633 La Mirada Ave presents a rare opportunity to acquire a low-maintenance multifamily asset in one of Los Angeles' strongest rental corridors. The property consists of: Front duplex:3BR/1BA (recently leased) 2BR/1BA currently paying $2,250/month Rear detached structure built in 1982: Fully remodeled & permitted 4BR/4BA unit Currently leased at $4,600/month The rear building offers potential flexibility for future reconfiguration into two separate 2BR/2BA units (buyer to verify with city). WHY THIS DEAL WORKSLOW EXPENSE OPERATION Tenants pay utilities including water/sewer Minimal landlord expense exposure Strong operational efficiency IMMEDIATE UPSIDE Potential front unit vacancy at close Rental repositioning opportunity Future unit optimization potential STRONG LOCATION Minutes to: Silver Lake Paramount Studios Hollywood Downtown LA TAX ADVANTAGE Cost segregation & depreciation potential Ideal 1031 exchange replacement asset TIER 3 / R3 ZONING Long-term redevelopment potential in a high-demand rental corridor. "Priced for immediate investor attention." "Aggressively positioned for a quick sale. "low maintenance stable cash flow1031 exchange LOW-EXPENSE HOLLYWOOD CASH FLOW ASSET 1031 FRIENDLY remodeled rear unit backyard Hollywood proximity "tenants pay all utilities" Investors LOVE: tenants paying utilities THIS IS CLEAR: "Extremely low landlord expense profile with utilities paid directly by tenants." Calling on 1031 exchange agents "This is EASY MONEY with LOW OR NO HEADACHE."

5633 La Mirada Avenue, Los Angeles

1353 N Fuller Avenue Unit PH2, Los Angeles
$769,000
2 Beds ⋅ 3 Baths ⋅ 26998471 MLS ⋅ Active Status
STUNNING 18 FT. LOFT STYLE WEST HOLLYWOOD RUNYON CANYON AREA PENTHOUSE. This Front-Facing Corner unit offers a 2 Bedroom + loft/3rd Bedroom, 3 Bath residence offers an expansive 1,480 sq. ft. open floor plan drenched in dramatic natural light. The spacious living and dining layout flows seamlessly perfect for entertaining. An open, contemporary kitchen has stainless steel appliances and extensive storage/counter space. Just up the stairs, a versatile second floor bonus loft overlooks the living room, creating the perfect space for a third bedroom, home office, yoga studio, gym, or den. The generous primary suite has a "Juliette" balcony and luxurious ensuite bathroom complete with an oversized shower and a relaxing soaking tub. Modern conveniences include an in-unit washer/dryer, brand-new oversized 2026 3.5 Ton AC Pro HVAC AC heat pump with a 10-year parts warranty, and a secure gated garage offering 2 tandem parking spaces and 2 storage units, alongside 12 dedicated guest spots. HOA dues include earthquake insurance, water, trash, landscaping and general HOA maintenance. The building has common area rooftop decks furnished to relax or entertain and offer panoramic views stretching from the Downtown LA skyline to the Hollywood Hills and the iconic Hollywood Sign. Perfectly situated in a secure building, you are just a stone's throw from the ultimate West Hollywood lifestyle. Enjoy a true walker's paradise - just minutes away from Ralph's, Runyon Canyon Park, Plumber Park, the Sunset Strip, high-end shopping, gourmet dining and vibrant nightlife.

1353 N Fuller Avenue Unit PH2, Los Angeles

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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