6043-6053 Selma Ave - Apartments FOR SALE


Los Angeles, CA 90028- Hollywood
$3,490,000 USD
310-922-4026
6043-6053 Selma Ave, Los Angeles, CA for Sale
$3,490,000 USD
Apartments - FOR SALE
1/16
null | 4.68% Cap Rate

6043-6053 Selma Ave
Los Angeles, CA 90028
Hollywood


HIGHLIGHTS

  • Own 6 individual bungalow in the heart of Hollywood
  • Short distance to restaurants, entertainment, transportation (Red Line)

OVERVIEW

Bungalow Heaven! This unique property consists of 6 individual bungalow homes on a huge, gated lot (almost 20,000 sf). Each house is rich with original woodwork and character and has its private fenced yard. Location, Location, Location, say no more, located right in the heart of Hollywood, within distance to great shopping, restaurants, entertainment, and the Red Line metro station, but set back off a quiet tree-lined street, creating a serene, tranquil and private living environment. Over the past few years, four of the units have been fully upgraded, while the others are home to long-term tenants. Everyone who has lived in these units loves them. The purchase of 6043-6053 Selma Avenue is an opportunity for an investor to acquire a centrally-located heart of Hollywood with Flagship location with tremendous income upside potential as the economy improves and demand for residential rentals continual growth and increase.

FOR SALE DETAILS

PRICE

$3,490,000 USD

PRICE/SF

$806 USD /SF

# OF UNITS

6

PRICE/UNIT

$581,667

CAP RATE

4.68%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Selma Bungalows - Hollywood

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1914

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,802 SF

ZONING

R4, Los Angeles

APN/PARCEL ID

5545-007-040

ASK ABOUT THIS PROPERTY

Sergio FloresCompassMore Info
310-922-4026

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Sergio FloresCompassMore Info
310-922-4026

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