$ 4,350,000
5200 Hollywood BLVD Los Angeles, CA 90027
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$ 4,350,000
Est. payment /mo
Active
5200 Hollywood BLVD Los Angeles, CA 90027
20 Baths
12,684 SqFt
UPDATED:
09/30/2024 06:42 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 12,684 sqft
Price per Sqft $342
MLS Listing ID 24406307
HOA Y/N No
Year Built 1913
Lot Size 10,641 Sqft
Property Description
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.
Location
State CA
County Los Angeles
Area C20 - Hollywood
Zoning LAC2
Interior
Heating None
Cooling None
Fireplace No
Exterior
Garage None
Parking Type None
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5544016002
Special Listing Condition Standard
Listed by Neema Ahadian • Marcus & Millichap