5200 Hollywood Boulevard , Los Angeles, CA - 90027, Los Angeles CA is for sale :

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Dmitry Litvishkov (310)-709-4920

5200 Hollywood Boulevard , Los Angeles, CA - 90027 is For Sale

Details

Price : $4,350,000

Address : 5200 Hollywood Boulevard

City : Los Angeles

State : CA

Area : C20 - Hollywood

Property Type : Residential Income

Sq M : 988 M²

Total Units : 20

Gross Operating Income : $389,495

Net Operating Income : $236,019

MLS# : 24406307

Lot Size (Acres) : 0.2443 ac

Property Description

Los Angeles Home For Sale. 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.

Listed By

Marcus & Millichap

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