Hollywood Apartments
20 Unit Apartment Building | $4,350,000 ($217,500/Unit) | 5.43% Cap Rate | Los Angeles, CA 90027
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $4,350,000
- Property Type
-
Multifamily
- Square Feet
- 12,684 SF
Listing Contacts
Patricia Escobar
Verified Profile
Neema Ahadian
Verified Profile
- Property Info
Property Overview
The Neema Group of Marcus & Millichap is pleased to present 5200 Hollywood Blvd, a 20-unit multifamily investment opportunity located on the corner of Hollywood Blvd & N Kingsley Dr, a central location on the border of Los Feliz and East Hollywood
The property features a unit mix of 12 singles and 8 one bedrooms; four singles will be delivered vacant; renovated units include new cabinetry, vinyl-plank flooring, stainless-steel appliances, tile bathrooms, new paint, and wall AC’s; ownership has spent $397k on interior unit renovations since 2021
At the asking price, the property is being offered at a 5.43% CAP rate at 10.61 GRM on current income with an additional 10% rental upside achievable as units turn through continued interior renovations
There is significant additional income with RUBS in place, as well as internet service
The property has a secured, gated entrance with intercom access
High Walk Score of 92, the property is walking distance to the Metro B Rail Line, and multiple Metro Local Lines along Hollywood Blvd
The property is ideally located with a short commute to Hollywood, Silver Lake, Echo Park, Koreatown, and Downtown Los Angeles
The property features a unit mix of 12 singles and 8 one bedrooms; four singles will be delivered vacant; renovated units include new cabinetry, vinyl-plank flooring, stainless-steel appliances, tile bathrooms, new paint, and wall AC’s; ownership has spent $397k on interior unit renovations since 2021
At the asking price, the property is being offered at a 5.43% CAP rate at 10.61 GRM on current income with an additional 10% rental upside achievable as units turn through continued interior renovations
There is significant additional income with RUBS in place, as well as internet service
The property has a secured, gated entrance with intercom access
High Walk Score of 92, the property is walking distance to the Metro B Rail Line, and multiple Metro Local Lines along Hollywood Blvd
The property is ideally located with a short commute to Hollywood, Silver Lake, Echo Park, Koreatown, and Downtown Los Angeles
Property Details
- Class
- C
- Year Built
- 1913
- Stories
- 2
- Lot Size (sq. ft)
- 10,454 SF
- Units
- 20
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].