6043-6053 Selma Ave - Apartments FOR SALE


Los Angeles, CA 90028- Hollywood
$2,950,000 USD
310-922-4026
6043-6053 Selma Ave, Los Angeles, CA for Sale
$2,950,000 USD
Apartments - FOR SALE
1/11
null | 5.02% Cap Rate

6043-6053 Selma Ave
Los Angeles, CA 90028
Hollywood


OVERVIEW

Bungalow Heaven! This unique property consists of 6 individual bungalow homes on a huge, gated lot (almost 20000 sf)! Each house is rich with original woodwork and character and has its own private, fenced yard. 3 of the units have been completely renovated within the past 2 years with all new electrical, plumbing, HVAC, kitchens, baths, flooring, etc.; 5 of the units just had new roofs installed and the 6th was inspected and certified. This property is located in the heart of Hollywood, within walking distance of the Metro, shopping and restaurants, but set back off a quiet tree-lined street creating a tranquil and private living environment. Everyone who has lived in these units love them and therefore there is very little turnover with several tenants staying over 20 years. The purchase of 6043-53 Selma Ave. is the perfect opportunity for an investor to acquire a centrally-located Hollywood gem with tremendous income upside potential as demand for residential rentals in this area continues to grow. This property could also be great candidate for a Tenants in Common (TIC) conversion.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$682 USD /SF

# OF UNITS

6

PRICE/UNIT

$491,667

CAP RATE

5.02%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1914

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,008 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 Notice.