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1948 Buchanan Street 1948 Buchanan Street For Sale
$1,750,000
1948 Buchanan Street · Hollywood · Hollywood
1948 Buchanan Street, 1948 Buchanan Street, Hollywood FL 33020, photo 1 of 281948 Buchanan Street, 1948 Buchanan Street, Hollywood FL 33020, photo 2 of 281948 Buchanan Street, 1948 Buchanan Street, Hollywood FL 33020, photo 3 of 281948 Buchanan Street, 1948 Buchanan Street, Hollywood FL 33020, photo 4 of 281948 Buchanan Street, 1948 Buchanan Street, Hollywood FL 33020, photo 5 of 281948 Buchanan Street, 1948 Buchanan Street, Hollywood FL 33020, photo 6 of 281948 Buchanan Street, 1948 Buchanan Street, Hollywood FL 33020, photo 7 of 281948 Buchanan Street, 1948 Buchanan Street, Hollywood FL 33020, photo 8 of 281948 Buchanan Street, 1948 Buchanan Street, Hollywood FL 33020, photo 9 of 281948 Buchanan Street, 1948 Buchanan Street, Hollywood FL 33020, photo 10 of 281948 Buchanan Street, 1948 Buchanan Street, Hollywood FL 33020, photo 11 of 281948 Buchanan Street, 1948 Buchanan Street, Hollywood FL 33020, photo 12 of 281948 Buchanan Street, 1948 Buchanan Street, Hollywood FL 33020, photo 13 of 281948 Buchanan Street, 1948 Buchanan Street, Hollywood FL 33020, photo 14 of 281948 Buchanan Street, 1948 Buchanan Street, Hollywood FL 33020, photo 15 of 281948 Buchanan Street, 1948 Buchanan Street, Hollywood FL 33020, photo 16 of 281948 Buchanan Street, 1948 Buchanan Street, Hollywood FL 33020, photo 17 of 281948 Buchanan Street, 1948 Buchanan Street, Hollywood FL 33020, photo 18 of 281948 Buchanan Street, 1948 Buchanan Street, Hollywood FL 33020, photo 19 of 281948 Buchanan Street, 1948 Buchanan Street, Hollywood FL 33020, photo 20 of 281948 Buchanan Street, 1948 Buchanan Street, Hollywood FL 33020, photo 21 of 281948 Buchanan Street, 1948 Buchanan Street, Hollywood FL 33020, photo 22 of 281948 Buchanan Street, 1948 Buchanan Street, Hollywood FL 33020, photo 23 of 281948 Buchanan Street, 1948 Buchanan Street, Hollywood FL 33020, photo 24 of 281948 Buchanan Street, 1948 Buchanan Street, Hollywood FL 33020, photo 25 of 281948 Buchanan Street, 1948 Buchanan Street, Hollywood FL 33020, photo 26 of 281948 Buchanan Street, 1948 Buchanan Street, Hollywood FL 33020, photo 27 of 281948 Buchanan Street, 1948 Buchanan Street, Hollywood FL 33020, photo 28 of 28
$1,750,000Asking Price
—Per SqFt
—/—Beds/BathsBd/Ba
—SqFt
MLS B26034874 · 109 days on Zilbert · Listed May 31, 2026 · 1948 Buchanan Street, Hollywood FL 33020Current layoutPhotos first

Property Details

Asking Price$1,750,000
Price per SqFt—
Maintenance feeInquire
Property Taxes$34,976 2026
Interior Space—
Beds/Baths—/—
Year Built1964
Lot Size15,445 SqFt · 0.35 acres
MLS #B26034874

Estimated Costs

An estimate of condo or HOA fees and property taxes

Monthly figures, as provided
Not providedmaintenance
$2,915taxes · $34,976/yr ÷ 12

Monthly carry is not computed when the association fee or the taxes are not provided.

From the listing

The Buchanan St / N 20th Ave assemblage presents a rare East Hollywood Mid-Core opportunity combining durable in-place income, attractive seller financing, and meaningful long-term redevelopment potential. The portfolio consists of 1948, 1952 Buchanan Street, & 615 N 20th Ave, totaling 9 units with a rear gated parking area in one of Hollywood's most dynamic redevelopment corridors. As currently improved, the asset generates immediate cash flow with an estimated 5% cap rate. Further enhancing the investment opportunity, the seller is willing to provide purchase money financing with as little as 40% down and a below-market interest rate. Beyond the existing income stream, the property's greatest value may lie in its redevelopment potential of 29-32 Unit subject to zoning and site approval. Executive Summary The Buchanan Street / North 20th Avenue assemblage is a compelling East Hollywood Mid-Core investment combining immediate income, favorable seller financing, and long-term redevelopment potential. Located at 1948 and 1952 Buchanan Street and 615 North 20th Avenue, the portfolio includes nine residential units with rear gated parking. The property currently generates stable cash flow at an estimated 5% capitalization rate, allowing an investor to earn income while evaluating future development plans. The seller is willing to provide purchase money financing with approximately 40% down and a below-market interest rate, reducing the purchaser's initial equity requirement and potentially improving cash-on-cash returns. Based on preliminary planning assumptions, the assemblage may support approximately 29 to 32 residential units, subject to zoning, parking, site-plan, utility-capacity, and municipal approvals. This creates a covered-land strategy in which existing rental income helps offset carrying costs during the entitlement and development process. The opportunity is driven by three primary components: Immediate cash flow from nine existing units Attractive seller financing with reduced equity exposure Redevelopment optionality within a growing East Hollywood corridor Overall, the assemblage offers investors the ability to generate current income while controlling a strategically located site with meaningful future development potential.

Listed by Media Realty

Sales History for This Home · 1948 Buchanan Street

Sale ⇅Sold Price ⇅Asking Price ⇅Beds/Baths ⇅SqFt ⇅Closed Date ⇅
M1503381$80,000$94,500—/——2/8/12
Mark Zilbert
Mark Zilbert
Licensed Real Estate Broker · I track every sale in this neighborhood. Ask me about this home or the neighborhood.
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Listed by Media Realty. Mark Zilbert of ONE Sotheby's International Realty is a cooperating (transaction) broker and helps buyers find properties in Hollywood and throughout South Florida.

The curated data and calculated data for this property and its surrounding condo units and homes is based solely on data we have extracted from the MLS. There may be unpublished, private, quit claim and other property offerings and transfers that do not appear here, which may affect how a buyer or seller perceives property values. Always conduct proper due diligence when considering buying or selling property.