5727 Virginia Ave - Apartments FOR SALE


Los Angeles, CA 90038- Hollywood
$2,100,000 USD
310-600-9858
5727 Virginia Ave, Los Angeles, CA for Sale
$2,100,000 USD
Apartments - FOR SALE
1/8
null | 5.61% Cap Rate

5727 Virginia Ave
Los Angeles, CA 90038
Hollywood


HIGHLIGHTS

  • Located in Prime Hollywood near Wilton and Santa Monica surrounded by trendy restaurants, shopping and nightlife providing a plethora of amenities
  • Great unit mix consisting of (5) Studio, 1 Bath, (3) 1 Bed, 1 Bath, (2) 2 Bed, 1 Bath and (1) 3 Bed, 1 Bath units spread out over 6,544 sf
  • Current rents are 32% below market rate allowing a new owner the opportunity to increase cash flow with unit renovations as units turn
  • Located one block away from the recently approved Echelon Studio complex located at the famed 560 Santa Monica Blvd Site
  • Echelon Studios is a 110,000 square foot creative campus that will include productions facilities, creative office and ground floor retail

OVERVIEW

5727 Virginia presents an opportunity for investors to acquire a value-added 11 unit apartment offering in a great Hollywood location that will offer rent growth and upside in an area that will continue to see tremendous growth. We are pleased to present 5727 Virginia Ave, an 11 unit offering in a prime Hollywood location just north of Santa Monica Blvd and west of Wilton in a pocket of Hollywood that has seen tremendous growth. The subject property was built in 1964 and boasts and excellent unit mix consisting of (5) Studio, 1 Bath, (3) 1 Bed, 1 Bath, (2) 2 Bed, 1 Bath and (1) 3 Bed, 1 Bath units spread out over 6,544 square feet. The building sits on a 7,500 square foot lot that is zoned LAR3. With over 30% upside in rents, the investment offers investors the opportunity to capitalize on a market that is continuing to see tremendous growth and development, with trendy bars, restaurants, and shopping surrounding the area. Notably, the property is near major developments like Echelon Studios, a cutting-edge entertainment village featuring 90,000 square feet of production facilities and creative office space. This strategic location positions 5727 Virginia Ave for strong future appreciation and investment growth.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$246 USD /SF

# OF UNITS

11

PRICE/UNIT

$190,909

CAP RATE

5.61%

% LEASED

82%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,335 SF

ZONING

LAR3

APN/PARCEL ID

5536-006-008

ASK ABOUT THIS PROPERTY

Will JamesLyon Stahl Investment Real EstateMore Info
310-600-9858

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Will JamesLyon Stahl Investment Real EstateMore Info
310-600-9858

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