$8,300,000

5425 Santa Monica Boulevard, Los Angeles, CA 90029

6,931

Lot Size

34

# Of Units

5425 Santa Monica Boulevard in Los Angeles, CA 90029. Built in 1925, this prime mixed-use opportunity consists of 30 apartment units and 6,500 SF of commercial space located in the Hollywood Studio District of Los Angeles. This four-story building features 24 singles, 6 one-bedrooms, and 4 retail or office spaces.This offering presents the investor the opportunity to purchase a well-maintained property with stable cash flow of 5.49% on current income. The apartment units offer over 14% rental upside as units turn along with rental increases throughout the leases of the commercial tenants. Additionally, an investor will have the opportunity to increase cash flow with the addition of signage on the east side of the property. The Hollywood market remains one of the most desirable submarkets for living and working. With over 100,000 people living within one-mile and an average home value of over $840,000 within a three-mile radius, the demand for apartment units continues to increase year-over-year. The subject property has a walk score of 92 and offers direct access to the 101 Freeway and a quick walk to to both the Western/Hollywood Blvd Station and the Vermont/Santa Monica Blvd Station.

Facts & Features

MLS® # 21791998
Price $8,300,000
Bathrooms 0.00
Lot Size 6,931
Year Built 1925
Type Residential Income
Status Active
# Of Units 34

Community Information

Address 5425 Santa Monica Boulevard
Area C20 - Hollywood
City Los Angeles
County Los Angeles
State CA
Zip Code 90029

Amenities

Parking None
Garages None
Is Waterfront No
Has Pool No

Interior

Interior Laminate, Wood
Interior Features Ceiling Fan(s)
Appliances Refrigerator
Heating Natural Gas
Cooling None
Has Basement No
Fireplace No
# of Stories 4

Additional Information

Date Listed September 15th, 2021
Days on Market 18
Zoning LAC4
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

AgentNeema Ahadian
OfficeMarcus & Millichap

Listing Map

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