5516 Virginia Ave - Multi-Family FOR SALE


Los Angeles, CA 90038- Hollywood
$3,350,000 USD
310-666-5837
5516 Virginia Ave, Los Angeles, CA for Sale
$3,350,000 USD
Multi-Family - FOR SALE
1/28
null | 5.9% Cap Rate

5516 Virginia Ave
Los Angeles, CA 90038
Hollywood


OVERVIEW

5516 & 5522 Virgina Ave, a charming 16-unit apartment situated on two separate parcels, building located in Hollywood, a highly desired neighborhood in Los Angeles, CA. Built in 1953 and 1958, the property consists of two buildings featuring (11) one-bedroom + one-bathroom units and (5) two-bedroom + one-bathroom units. The building is 11,550 gross square feet and sits on a 15,000 square foot lot.Located in the heart of Hollywood, 55165522 Virginia Ave offers residents a dynamic, centrally located lifestyle within one of Los Angeles' most creative and culturally rich neighborhoods. Just moments from Santa Monica Boulevard, Hollywood Boulevard, and Melrose Avenue, the property places tenants close to major employment hubs, entertainment studios, and an ever-growing mix of dining, retail, and nightlife options.Residents can easily enjoy nearby cafes, local restaurants, and neighborhood conveniences, along with quick access to Hollywood landmarks, music venues, and cultural destinations. The property benefits from a walkable location, convenient public transit access, and strong connectivity toHollywood, Mid-Wilshire, Los Feliz, and Downtown Los Angeles. Agent Remarks : For more information, EMAIL: Michael.Kamara@lyonstahl.com

FOR SALE DETAILS

PRICE

$3,350,000 USD

PRICE/SF

$290 USD /SF

# OF UNITS

16

PRICE/UNIT

$209,375

CAP RATE

5.9%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

5536-011-007

ASK ABOUT THIS PROPERTY

Michael KamaraLyon Stahl Investment Real EstateMore Info
310-666-5837

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Michael KamaraLyon Stahl Investment Real EstateMore Info
310-666-5837

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