2131 N Cahuenga Blvd - Apartments FOR SALE


Los Angeles, CA 90068- Hollywood Hills
$6,450,000 USD
310-387-3489
2131 N Cahuenga Blvd, Los Angeles, CA for Sale
$6,450,000 USD
Apartments - FOR SALE
1/39
null | 5.94% Cap Rate

2131 N Cahuenga Blvd
Los Angeles, CA 90068
Hollywood Hills


HIGHLIGHTS

  • Diverse unit mix of studios, 1-bedroom, and 2-bedroom floor plans
  • Diverse unit mix of studios, 1-bedroom, and 2-bedroom floor plans, Stable current income with approximately ±32% rental upside / 8.87% market cap rate
  • Prime Hollywood location in close proximity to nightlife, dining, and cultural landmarks
  • SB721 compliance report completed December 2024; retrofit completed 2018
  • Secured access building with on-site laundry and 24 parking spaces

OVERVIEW

Dover Management Corporation and Traweek Investments CRE are proud to present Claire Manor Apartments, a value-add, 34-unit multi-family property located at 2131 North Cahuenga Boulevard in the Hollywood Hills submarket of Los Angeles. Claire Manor Apartments offers potential investors the opportunity to acquire an asset with a strong current cap rate of 5.94%, and to upgrade the existing units to capture approximately ±32% rental upside through continued rent growth and streamlined operational efficiencies. The property is in close proximity to notable attractions such as the Hollywood Bowl, Pantages Theatre, and TCL Chinese Theatre, as well as nearby nightlife, dining, and other cultural landmarks. Investors seeking a value-add opportunity with significant upside in a premier location with convenient freeway access will find Claire Manor to be an excellent addition to their portfolio. Reach out to broker today for OM

FOR SALE DETAILS

PRICE

$6,450,000 USD

PRICE/SF

$306 USD /SF

# OF UNITS

34

PRICE/UNIT

$189,706

CAP RATE

5.94%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Claire Manor Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

28,030 SF

ZONING

LAR3

APN/PARCEL ID

5576-003-041

ASK ABOUT THIS PROPERTY

John AldenDover Management CorporationMore Info
310-387-3489

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John AldenDover Management CorporationMore Info
310-387-3489

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