859 N June St - Apartments FOR SALE


Los Angeles, CA 90038- Hollywood
$4,200,000 USD
818-201-4583
859 N June St, Los Angeles, CA for Sale
$4,200,000 USD
Apartments - FOR SALE
1/11
null | 5.19% Cap Rate

859 N June St
Los Angeles, CA 90038
Hollywood


HIGHLIGHTS

  • Excellent location in the Hollywood Media District
  • Strong in-place rents with upside
  • Vintage architectural elements
  • Full roof replacement completed in 2024
  • Quiet residential neighborhood
  • Solar water heating system

OVERVIEW

Kidder Mathews presents 859 N. June Street, an 18-unit value-add multifamily asset in the highly desirable Hollywood Media District. This three-story character building, featuring 6 one-bedroom units and 12 singles with full kitchens, is fully occupied, providing immediate, stabilized cash flow. The well-maintained property received a full roof replacement in 2024 and retains vintage appeal with original hardwood floors and arched windows, allowing for significant appreciation potential through strategic unit renovations as apartments become available. Located on a tranquil, tree-lined street, the property boasts an exceptional Walk Score of 90, placing it moments from major studios, entertainment, dining, and essential amenities like Trader Joe's, offering a rare blend of peace and ultimate accessibility.

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$324 USD /SF

# OF UNITS

18

PRICE/UNIT

$233,333

CAP RATE

5.19%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1928

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

R4-2, Los Angeles

APN/PARCEL ID

5524-007-001

ASK ABOUT THIS PROPERTY

Bryan GlennKidder MathewsMore Info
818-201-4583

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Bryan GlennKidder MathewsMore Info
818-201-4583

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