6610 Selma Ave - Apartments FOR SALE


Los Angeles, CA 90028- Hollywood
$1,800,000 USD
818-380-5294
6610 Selma Ave, Los Angeles, CA for Sale
$1,800,000 USD
Apartments - FOR SALE
1/18
null | 5.78% Cap Rate

6610 Selma Ave
Los Angeles, CA 90028
Hollywood


HIGHLIGHTS

  • PRIME Hollywood location built in 1956!
  • 9.58 GRM and a 5.78% CAP rate, offered at $317.35 per square foot!
  • Six (6) 1+1 units and four (4) studio units at $180,000 per unit. Six (6) gated on-site parking spaces & shared on-site laundry facility
  • Soft-story seismic retrofit completed in 2024, separately metered for gas and electricity and main electrical service upgraded to 400 amps in 2024
  • Two (2) units currently VACANT!
  • Can be purchased separately or as part of a 6-property portfolio totaling 48 units throughout North Hollywood and Hollywood!

OVERVIEW

6610 Selma Avenue is a well-maintained 10-unit multifamily property located in the heart of Hollywood. Built in 1956, the building spans 5,672 square feet of living space on a 5,810 square foot LAC4-zoned lot. 6610 Selma Ave offers a desirable unit mix of six (6) one-bedroom/one-bathroom units and four (4) studio units. The property features six (6) gated parking spaces, shared on-site laundry, and select units with wall A/C, walk-in closets, and dishwashers. Recent improvements include completion of the soft-story retrofit in 2024 a main electrical service upgrade to 400 amps completed in 2024, and it is separately metered for gas and electricity. Two (2) units are currently VACANT! Near Highland Avenue, and positioned between Hollywood Boulevard and Sunset Boulevard, the property sits in one of Los Angeles’ most dynamic and walkable urban cores. Deemed a Walker’s Paradise with a Walk Score of 99, it is located directly across from the Hollywood Walk of Fame and within steps of iconic destinations such as the Egyptian Theatre, Dolby Theatre, and Capitol Records. The area is home to major entertainment and post-production employers including Netflix, Paramount Studios and The Lot. Nearby retail and dining options include Trader Joe’s, In-N-Out Burger, and Tocaya Organica, along with countless restaurants, cafés, and nightlife venues throughout Hollywood. Residents benefit from convenient access to major thoroughfares, as well as public transportation via the Metro B (Red) Line at Hollywood/Highland and Hollywood/Vine stations, multiple bus routes, and quick connectivity to the 101 Freeway. Can be purchased separately or as part of a 6-property portfolio totaling 48 units throughout North Hollywood and Hollywood. The property is located in the city of Los Angles and is subject to Rent Control.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$195 USD /SF

# OF UNITS

10

PRICE/UNIT

$180,000

CAP RATE

5.78%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

LAC4

APN/PARCEL ID

5547-018-001

ASK ABOUT THIS PROPERTY

Nicole ApostolosEquity Union Real EstateMore Info
818-380-5294

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Nicole ApostolosEquity Union Real EstateMore Info
818-380-5294

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