Active
5200 Hollywood Boulevard
Los Angeles CA, 90027
$4,350,000
$342.95 per sqft
Active
20 Baths
12,684 sqft
Residential
Built in 1913
Listed by Neema Ahadian with Marcus & Millichap 310-909-5444
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.
24406307
MLSⓇ ID
June 17, 2024
Listed
August 30, 2024
Updated
Map
5200 Hollywood Boulevard
Los Angeles CA, 90027
Interior Features
Total Stories
2
Total Bathrooms
20
Fireplace
No
Cooling
No
Cooling Description
None
Heating
No
Heating Description
None
Exterior/Building Features
Lot Size
0.24 Acres
Other Property Details
Area Name
C20 - Hollywood
Days on Market
8
Garage
No
Parking
None
Parking Total
0
View
No
County
Los Angeles
Pool
No
Zoning
LAC2
Listing Contact: 310-909-5500
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 8/30/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 8/30/2024 at 7:09 PM UTC