5200 Hollywood Boulevard, Los Angeles, CA 90027
- $4,350,000
- $343
- $4,350,000
- $343
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.
Address
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Address: 5200 Hollywood Boulevard
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City: Los Angeles
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State/county: CA
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Zip/Postal Code: 90027
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Area: C20 - Hollywood
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Country: United States
Details
Updated on July 11, 2024 at 10:36 am-
Property ID SGR-33218943
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Price $4,350,000
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Property Size 12684.00 m²
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Land Area 10640.00 m²
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Bathrooms 20
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Year Built 1913
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Property Type Residential Income
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Property Status For Sale
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Living Area 12684.00
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MLS# 24406307
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Office Name MARCUS & MILLICHAP
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Agent Name Neema Ahadian
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MLS Status Active
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Living Area Prefix Sqft
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Agent State License 01346750
Additional details
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Cooling None
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Heating None
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County Los Angeles
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Parking 0.00
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