3305-3309 Primera Ave - Apartments FOR SALE


Los Angeles, CA 90068- Hollywood Hills
$3,595,000 USD
213-305-9026
3305-3309 Primera Ave, Los Angeles, CA for Sale
$3,595,000 USD
Apartments - FOR SALE
1/15
null | 5.2% Cap Rate

3305-3309 Primera Ave
Los Angeles, CA 90068
Hollywood Hills


HIGHLIGHTS

  • Turn-Key, Fully Renovated Luxury Mid-Century 6 Unit Bldg in the Hollywood Hills - Surrounded By SFR Homes w/ Ave. Value of $2M
  • ALL 6 Units Fully Custom Renovated to the Highest Standards - Each Unit has Enormous Outdoor Spaces and Treetop / Scenic Views
  • NEW Electrical Main/Subpanels, NEW Plumbing, NEW Windows, NEW Decks/Walkways/Balconies, NEW HVAC Units, NEW Handrails/Walkways, NEW 100g Wtr Heater
  • Best Unit Composition Featuring Two Bed, Three Bed and 4 Bedroom Units
  • Property is Just One 4 Multifamily Properties on the Street - Location is Ranked Among the Most Affluent Neighborhoods in LA
  • Easy To Rent Due to Outstanding Location & Quality Updating

OVERVIEW

LUXURY FULLY RENOVATED Six-Unit Multifamily in the HOLLYWOOD HILLS - 3305 Primera Avenue, Los Angeles, CA 90068, is a luxury mid-century modern apartment building located in the prestigious Lake Hollywood Hills, surrounded by multimillion-dollar homes. This rare offering delivers strong, stabilized income with exceptional potential for long-term capital appreciation and wealth preservation. The property is a custom-remodeled 6-unit apartment building, upgraded to the highest standards. Each designer apartment home features treetop and area views, attracting discerning tenants seeking a quiet, private oasis in one of Los Angeles’ most desirable neighborhoods. Notably, this asset is one of only four multifamily properties (over four units) in the Lake Hollywood (90068) neighborhood, where single-family homes command an average sale price of approximately $1,900,000. Built in 1959, this classic mid-century property offers an ideal unit mix, including: * Two (2) 2-bedroom / 2-bathroom units - Private Decking/Patio * Three (3) 3-bedroom / 2-bathroom units - Private Decking/Patio * One (1) 4-bedroom / 3-bathroom unit -Private Decking/Patio The property encompasses 5,441 square feet of improvements situated on a 5,991 square foot LAR2-zoned parcel, providing both stability and long-term value in a supply-constrained submarket. Parking for ALL Units. The Hollywood Hills rank among the most affluent communities in Los Angeles and are home to iconic landmarks such as the Hollywood Sign on Mount Lee. The area is renowned for its breathtaking views, rolling hills, and recreational pursuits. Residents benefit from convenient access to Hollywood, Universal City, Ventura Boulevard, and the Metro Red Line. The property is located just 0.7 miles from the Lake Hollywood Reservoir Walking Trail, a highly desirable lifestyle amenity. Major nearby employers include Disney, Universal Studios, Warner Bros. Studios, and the Radford Center Studio Campus, further supporting strong rental demand. Contact us for add ’l information and/or a property tour.

FOR SALE DETAILS

PRICE

$3,595,000 USD

PRICE/SF

$661 USD /SF

# OF UNITS

6

PRICE/UNIT

$599,167

CAP RATE

5.2%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fully Renovated - Hollywood Hills

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

LAR2

APN/PARCEL ID

5579-019-018

ASK ABOUT THIS PROPERTY

Rich JohnsKW CommercialMore Info
213-305-9026

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213-305-9026

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