Own a Piece of Los Feliz History
This Architectural Landmark sits proudly on Vermont situated in the heart of Los Feliz, just South of Los Feliz Blvd. A mix of 1 bedrooms and studios, this 31 unit building has beautiful character rich details, like exposed beam ceilings and arched doorways. Just South of Los Feliz Blvd, you can't beat the location. Close to hiking trails in Griffith Park, Griffith Park Observatory, The Greek Theatre and Los Feliz Village and all of it's urban charm.
In 1928 architect/contractor Hugh Howe Hinds was commissioned to design and build what was to become Layden Hall. His progressive French Normandy design became a Landmark in the “posh” Los Feliz neighborhood on North Vermont. The building was subsequently purchase in 1955 by Ms. Gwendolyn Horton and became known to the locals as Horton Hall. This fabulous building has not been resold since her purchase. Very rarely do any buildings on North Vermont, just below Los Feliz Blvd, come up for sale.
The property features 31 units, consisting of 24 charming studios (separate kitchens, dining areas and walk-in closets), 6 beautiful 1 bedroom, view units and a huge additional one bedroom, “owner’s” unit, of approximately 1,500+ sq. ft. All, we believe, to have beamed ceilings.
The total building size is 22,582 square feet per assessor. Although master metered for gas and electricity, the expenses of the building appear to be very reasonable. Almost always 100% occupied, the owner has indicated that there is consistently a “waiting-list” to get into the building. Vacancies have historically been filled through “word-of-mouth”.
The views, character and charm of the units and building, elevator, large laundry room and the current owner’s maintenance record, make this a most attractive building for tenants. Anticipated upside of the rents is approximately 35-40% of current. This may be a once-in-a-lifetime opportunity to own this Los Feliz treasure.
About the Area:
Los Feliz offers a perfect mix of shopping and nightlife, always with the option to take a breather in one of the largest urban parks in North America—4,310 acres to be exact. Because of that, residents are as likely to spend Saturday afternoons sipping a stiff cocktail at one of the local watering holes as they are to hit the trails of Griffith Park with a cold-pressed juice in hand.
Inhabited by an eclectic mix of residents, this east side enclave is a wonderful hodgepodge of historic mansions and charming apartment buildings. This rare hybrid manages to offer city life in the form of local shops, restaurants, and bars, and nature, thanks to the many trails and grassy knolls of Griffith Park.
Dotted with restaurants, coffee shops, boutiques, vintage stores, and even an independent movie theater, the heart of this neighborhood rests within a stretch of downtown’s Vermont Avenue. Skylight Books is a reader’s dream come true and beloved Italian restaurant Little Dom’s is a local favorite.