6337 Primrose Ave - Apartments FOR SALE


Los Angeles, CA 90068- Hollywood Hills
$6,650,000 USD
323-515-8302
6337 Primrose Ave, Los Angeles, CA for Sale
$6,650,000 USD
Apartments - FOR SALE
1/33
null | 4.63% Cap Rate

6337 Primrose Ave
Los Angeles, CA 90068
Hollywood Hills


HIGHLIGHTS

  • Meticulously Maintained 20-Unit Multifamily Property in Prime Hollywood
  • Pride-of-Ownership
  • Pristine Condition
  • Turn-Key with Consistent Stable Occupancy

OVERVIEW

Arbor Realty Capital Advisors is pleased to offer the opportunity to acquire Primrose Terrace Luxury Apartments. The property is located at 6337 Primrose Avenue and is a meticulously maintained 20-unit multifamily property in prime Hollywood, recognized globally as one of Los Angeles’ most dynamic and sought-after submarkets. The location is the very desirable Hollywood Hills, where tenants have unparalleled access to Los Angeles’ premier entertainment, nightlife, and cultural destinations, while being secluded in a quiet neighborhood setting. Residents enjoy proximity to the Hollywood Bowl, Sunset Boulevard, Hollywood Boulevard, Runyon Canyon, public transit, and major employers in the media, tech, and entertainment sectors. The property is being made available for the first time by the family of the original developer. Built in 1987, this three story, pride-of-ownership asset remains in pristine condition, with±13,140 SF of improvements and sits on a generous19,584 SF lot - with room for additional ADU's. This luxury building has the perfect unit mix for the area with all One- Bedroom / One-Bath Units. Most of the units have been thoughtfully renovated, featuring many high-end features like stone counters, hardwood floors, designer tile, LED lighting, stainless steel appliances, custom cabinets, AC and large modern bathrooms. In addition, residents enjoy secured lobby entry, ample parking with 29 spaces, on-site laundry facilities, a sundeck and inviting barbeque area. This offering will appeal to any investor looking for a clean, turn-key property with consistent stable occupancy in a world renown Hollywood location.

FOR SALE DETAILS

PRICE

$6,650,000 USD

PRICE/SF

$506 USD /SF

# OF UNITS

20

PRICE/UNIT

$332,500

CAP RATE

4.63%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Primrose Terrace Luxury Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1987

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,584 SF

ZONING

LARD2

APN/PARCEL ID

5576-016-038

ASK ABOUT THIS PROPERTY

Matthew DobsonArbor Realty Capital Advisors, Inc.More Info
323-515-8302

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Matthew DobsonArbor Realty Capital Advisors, Inc.More Info
323-515-8302

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