1843 N Cherokee Ave - Apartments FOR SALE


Los Angeles, CA 90028- Hollywood
$16,000,000 USD
818-912-9865
1843 N Cherokee Ave, Los Angeles, CA for Sale
$16,000,000 USD
Apartments - FOR SALE
1/61
null | 6.14% Cap Rate

1843 N Cherokee Ave
Los Angeles, CA 90028
Hollywood


HIGHLIGHTS

  • Significant Capital Improvements Completed - New Roof, Individual Meters
  • Strong In-Place Income with Proven Upside
  • Accelerated Rent Growth and Property Appreciation
  • 11 Units Delivered Vacant
  • Assumable Loan

OVERVIEW

THE DIXON MULTI-FAMILY TEAM of NAI Capital is pleased to present The Casa Palmera, a 60-unit trophy asset located in the heart of Hollywood—one of the most in-demand rental markets on the planet. This rare offering combines scale, stability, and meaningful upside, situated just steps from world-renowned entertainment, transit, and employment hubs. Offering both strong in-place cash flow and long-term value-add potential, The Casa Palmera presents an extraordinary opportunity to acquire a stabilized, highly coveted multifamily asset in one of the highest-demand rental corridors in Los Angeles. This is a rare opportunity to acquire a true trophy building in Hollywood at an in-place 6% cap rate and 10.5 GRM.

FOR SALE DETAILS

PRICE

$16,000,000 USD

PRICE/SF

$317 USD /SF

# OF UNITS

60

PRICE/UNIT

$266,667

CAP RATE

6.14%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Casa Palmera Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1926

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,499 SF

ZONING

LAR4

APN/PARCEL ID

5547-003-011

ASK ABOUT THIS PROPERTY

Jakob FriedmanNAI CapitalMore Info
818-912-9865

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Jakob FriedmanNAI CapitalMore Info
818-912-9865

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.