1847 N Cherokee Ave - Apartments FOR SALE


Los Angeles, CA 90028- Hollywood
$4,500,000 USD
818-325-4020
1847 N Cherokee Ave, Los Angeles, CA for Sale
$4,500,000 USD
Apartments - FOR SALE
1/14
null | 6% Cap Rate

1847 N Cherokee Ave
Los Angeles, CA 90028
Hollywood


HIGHLIGHTS

  • Prime Hollywood location, just 2 blocks from the Hollywood Walk of Fame
  • 14 private parking spaces (1.6/1,000 SF), rare for Hollywood properties.
  • Near major attractions such as Paramount, Hollywood Bowl, and Hollywood Boulevard .
  • Includes on-site laundry, air conditioning in units, hardwood floors, and 24-hour access
  • Walking distance to all community services and transportation.
  • Central to major employment centers.

OVERVIEW

Prime Hollywood location, surrounded by numerous newly built and under-construction developments, this is a rare opportunity to acquire a multi-family property in one of Los Angeles’ most dynamic growth corridors. The offering consists of a two-story building on an 11,249 SF lot with favorable zoning for future development. The property is gated with private rear parking and no soft-story or tuck-under parking concerns. Features include an on-site laundry room, security camera system, and outdoor sitting areas. Unit mix includes 7 one-bedroom/one-bath units and 12 studio units. Priced attractively at $236,000 per door, this is the lowest-priced multi-family property in the area. Sale is subject to seller’s 1031 exchange at no cost to buyer. All offers welcome.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$509 USD /SF

# OF UNITS

19

PRICE/UNIT

$236,842

CAP RATE

6%

% LEASED

99%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

LAR4

APN/PARCEL ID

5547-003-010

ASK ABOUT THIS PROPERTY

Kenny IshiiSouthland Real Esate ConsultantsMore Info
818-325-4020

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Kenny IshiiSouthland Real Esate ConsultantsMore Info
818-325-4020

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