Los Angeles, CA 90027 5200 Hollywood Boulevard
$4,350,000
1 more
Presented By: Neema Ahadian with Marcus & Millichap;
Home Details
5200 Hollywood Blvd is a 20-unit multifamilyinvestment opportunity situated at the corner of Hollywood Blvd and N Kingsley Dr, at the border ofLos Feliz and East Hollywood. This property includes a mix of 12 singles and 8 one-bedroom units,with four singles to be delivered vacant. The renovated units boast new cabinetry, vinyl-plank flooring,stainless-steel appliances, tile bathrooms, new paint, and wall AC units, reflecting a $397k investmentin interior renovations since 2021.Offered at a 5.43% CAP rate and a 10.61 GRM on current income, the property provides an additional10% rental upside potential through continued interior renovations. Additional income streams aresupported by the RUBS system and internet service. The property features a secured, gated entrancewith intercom access and a high Walk Score of 92, with convenient access to the Metro B Rail Line andmultiple Metro Local Lines along Hollywood Blvd.Ideally located, the property offers a short commute to Hollywood, Silver Lake, Echo Park, Koreatown,and Downtown Los Angeles.
Presented By: Neema Ahadian with Marcus & Millichap;
Interior Features for 5200 Hollywood Boulevard
Bedrooms
Total Bedrooms
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths20
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Total Stories2
General for 5200 Hollywood Boulevard
Additional Parcels Y/NNo
Attached Garage No
Carport Y/NNo
CityLos Angeles
CoolingNone
CountyLos Angeles
Days on Market57
DirectionsLocated on the corner ofHollywood Blvd & N Kingsley Dr, a central location on theborder of Los Feliz and East Hollywood
Full Baths
Garage Y/NNo
Gross Income409995.0
HeatingNone
Home Owner AssocNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet10640.0
Lot Size UnitsSquareFeet
MLS AreaC20 - Hollywood
MobileHomeRemainsYNNo
Net Operating Income236019.0
New ConstructionNo
NumberOfUnitsTotal20
Private PoolNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
View Y/NNo
Waterfront Y/NNo
Year Built1913
ZoningLAC2
Exterior for 5200 Hollywood Boulevard
Building Area Total12684.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions70x152
Lot Size Acres0.2443
Lot Size Area10640.0
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesNone
SpaNo
Total Parking0.0
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480