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Apartments For Sale • 7,123 SF
| 9-unit Hollywood multifamily property located minutes from Hollywood Blvd, West Hollywood, and the Melrose District. |
| Offered at $2,300,000, or approximately $287,500 per unit and $323 per SF, operating at a 5.73% CAP and 11.00 GRM on current rents. |
| Approx. 17% rental upside based on renovated Hollywood comparables, with projected stabilization at a 7.22% CAP and 9.42 GRM at market rents. |
| Pricing is positioned below several recent neighborhood sales on both a price-per-unit and price-per-foot basis, providing a competitive entry point. |
| 8-unit Hollywood multifamily property located minutes from Hollywood Blvd, West Hollywood, and the Melrose District. |
| Property amenities include controlled access, a laundry room, and front surface parking, and gated rear spaces accessed from the alley. |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) | 15 min | - | 6.4 mi |
| Downtown Burbank (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) | 15 min | - | 6.8 mi |
| Transit/Subway | Drive | Walk | Distance |
| Hollywood/Highland Station (Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) | 1 min | 9 min | 0.4 mi |
| Airport | Drive | Walk | Distance |
| Bob Hope | 17 min | - | 8.9 mi |
| Los Angeles International | 27 min | - | 13.1 mi |
| Long Beach (Daugherty Field) | 41 min | - | 29.8 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 7 |
| Type: | Surface |
| Included in Rent: | Yes |
Kenny Stevens
Compass
Kenny Stevens
Compass
