$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 #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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