Recent $500,000 Price Reduction! FOR SALE


Los Angeles, CA - Hollywood
$5,799,000 USD
310-344-8218
, Los Angeles, CA for Sale
$5,799,000 USD
FOR SALE
1/10
null | 6.69% Cap Rate

Recent $500,000 Price Reduction!
Los Angeles, CA
Hollywood


HIGHLIGHTS

  • 64% NOI growth through pro forma rent increases
  • 4 Income Streams. 2 Buildings. 2 Addresses. 1 APN.
  • Located in the Heart of Hollywood

OVERVIEW

5 Retail Spaces. 8 Apartments. 14 Offices. Invest, Owner/Occupy or Develop...on world famous Hollywood Blvd. 5611-17 Hollywood Blvd. & 1708 N. Gramercy Place IDEAL FOR AN INVESTOR, OWNER/USER OR DEVELOPER. 2 Buildings. 3 Product Types. On one BIG, 15K sq. ft. parcel, zoned LARD5. LARGELY VACANT AND ALL IN-PLACE TENANTS ARE MONTH-TO-MONTH. Immediate opportunity to raise rents or reimagine, the spaces. 5611-5617 Hollywood Blvd. A pretty, period building with excellent visibility and accessibility. 14 Offices over 5 Retail/Restaurant spaces on Hollywood Boulevard. Only 2 of the 5 Retail/Restaurant spaces currently occupied. Only 2 of the 14 Offices currently occupied. 1708 N. Gramercy Place 8 Apartment units. "Georgian" architecture. One 1/1 and one 2/1 currently vacant. Behind the Hollywood Blvd. building. SCHEDULED GROSS INCOME OF $570,984 SCHEDULED 6.7% CAP. RECENTLY REDUCED $500,000! EXCLUSIVELY LISTED AT $5,799,000

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310-344-8218

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310-344-8218

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