OFFERS DUE ON OR BEFORE WEDNESDAY, MARCH 26TH
Will Respond to Offers as Received
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Institutional Property Advisors (IPA), as the exclusive listing agent, is pleased to present the opportunity to acquire 5460 Sierra Vista (the “Property”), a 50-unit value-add opportunity located in the heart of Hollywood.
Originally built in 1956, and owned by the same family for the past 35+ years, 5460 Sierra Vista offers investors compelling value-add potential by upgrading features such as appliances, countertops, cabinetry, and flooring. Post renovation, rental income can be increased by approximately 31%.
5460 Sierra Vista offers an exciting location just steps from the new Echelon Studios development in the heart of Hollywood. Major entertainment industry titans such as Netflix, NBC/ Universal, Warner Brothers, and Paramount/Skydance are within a 5-10 minute commute, 3 million total jobs across a diverse set of industries are accessible within 20-30 minutes given proximity to the 101-freeway, and retail located on Santa Monica Boulevard is one block away.
Portfolio Offering: This Property is being offered concurrently with 1832 Garfield Place. The Properties can be purchased individually or as a portfolio. Contact the listing agents to learn more.