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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.

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Additional Information
Marcus & Millichap
0
CLW-C104547
CLW-X7515101
Neema
5544016002
: Standard
Two
32

Multi-Family For Sale

5200 Hollywood Boulevard, Los Angeles, California 90027

12,684 Sqft
$4,350,000
Listing ID #24406307
Basic Details
Status : Active
DaysOnMarket : 8
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24406307
Price : $4,350,000
Living Area : 12,684 Sqft
Lot Size : 10,640 Sqft
Year Built : 1913
Country : US
State : California
County : Los Angeles
City : Los Angeles
Zipcode : 90027
Price Per Square Foot : $343
ModificationTimestamp : 2024-06-25 05:13:02
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