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$4,350,000

Beds
Unknown
sq ft
12,684

5200 Hollywood Blvd, Los Angeles, CA 90027

5200 Hollywood Blvd

Los Angeles, CA 90027

  • 8 days on market
5200 Hollywood Blvd is a 20-unit multifamilyinvestment opportunity situated at the corner of Hollywood Blvd and N Kingsley Dr, at the border ofLos Feliz and East Hollywood. This property includes a mix of 12 singles and 8 one-bedroom units,with four singles to be delivered vacant. The renovated units boast new cabinetry, vinyl-plank flooring,stainless-steel appliances, tile bathrooms, new paint, and wall AC units, reflecting a $397k investmentin interior renovations since 2021.Offered at a 5.43% CAP rate and a 10.61 GRM on current income, the property provides an additional10% rental upside potential through continued interior renovations. Additional income streams aresupported by the RUBS system and internet service. The property features a secured, gated entrancewith intercom access and a high Walk Score of 92, with convenient access to the Metro B Rail Line andmultiple Metro Local Lines along Hollywood Blvd.Ideally located, the property offers a short commute to Hollywood, Silver Lake, Echo Park, Koreatown,and Downtown Los Angeles.

Details

Property type

Lot size

0.2443 acres

Price per sq ft

$343

Year built

1913

HOA

No

Price History

06/17/2024
CLAW

CLAW #24406307

Listed
$4,350,000

Schools & Community

Neighborhood: 

Hollywood

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Status: Active

Tomo last checked: 06/29/2024 at 5:55 AM

Listing updated: 06/25/2024 at 5:23 AM

Listed by: Neema Ahadian, Marcus & Millichap Phone #: (310) 909-5500

MLS: CLAW #24406307

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