CA > Los Angeles
Los Angeles, CA 90027,5200 Hollywood Blvd
Los Angeles, CA 90027,5200 Hollywood Blvd
Los Angeles, CA 90027,5200 Hollywood Blvd
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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567
$4,350,000
Est. payment /mo
20 Baths
12,684 SqFt
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UPDATED:

06/25/2024 07:01 AM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 12,684 sqft

Price per Sqft $342

MLS Listing ID 24-406307

Year Built 1913

Lot Size 10,640 Sqft

Acres 0.2443

Property Description

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.

Location

State CA

County Los Angeles

Area Hollywood

Zoning LAC2

Rooms

Other Rooms None

Interior

Heating None

Cooling None

Equipment None

Exterior

Garage None

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Marcus & Millichap

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Shawn Kormondy

+1(323) 638-7567

Agent | License ID: 01451888

Agent License ID: 01451888

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