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$ 2,495,000
11,326 SqFt
$ 2,495,000
11,326 SqFt
Key Details
Property Type Commercial
Sub Type Comm Ind For Lease
Listing Status Pending
Purchase Type For Rent
Square Footage 11,326 sqft
MLS Listing ID CL25631227
HOA Y/N No
Year Built 1964
Lot Size 9,902 Sqft
Acres 0.2273
Property Sub-Type Comm Ind For Lease
Property Description
Prime Hollywood investment opportunity featuring 16 one-bedroom, one-bathroom units, each with its own assigned parking space. Offered at $2,600,000 (approximately $162,500 per unit), this well-maintained asset delivers strong in-place income with a cap rate of approximately 6.25% and immediate upside. One vacant unit allows a new owner to lease at market and increase cash flow from day one, with additional upside through rent growth and operational improvements. The excellent unit mix, favorable parking ratio, and sought-after Hollywood location make this a compelling opportunity for both value-add and long-term investors.
Location
State CA
County Los Angeles
Zoning LARD1.5
Interior
Fireplace No
Exterior
Total Parking Spaces 16
Building
New Construction No
Others
Tax ID 5538004001
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Listed by George Morales • Compass
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Patrick Nagel
REALTOR® | Lic# 1760790