5200 Hollywood Boulevard, Los Angeles, CA 90027
  • MLS#: 24406307 ( )
  • Street Address: 5200 Hollywood Boulevard
  • Viewed: 1
  • Price: $4,350,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1913
  • Bldg sqft: 0
  • Days On Market: 216
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90027
  • Provided by: Marcus & Millichap
  • Contact: Neema Neema
  • California Regional MLS IDX
  • DMCA Notice
  • 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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Features
Building Area Total
  1. 12684.00
Cooling
  1. None
Country
  1. US
Heating
  1. None
Levels
  1. Two
Netoperatingincome
  1. 236019.00
Parcel Number
  1. 5544016002
Parking Features
  1. None
Postalcodeplus4
  1. 4962
Sourcesystemkey
  1. 24-406307:CLAW
Totalexpenses
  1. 153476.00
Year Built
  1. 1913
Zoning
  1. LAC2