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(323) 864-4211
Linda Roth Burrell
5110 Harold Way, Los Angeles, CA 90027
- $6,240,000
- 29
- BD
- 33
- BA
- 21,122
- SqFt
- List Price
- $6,240,000
- MLS#
- 26995777
- Year Built
- 1955
- Bedrooms
- 29
- Bathrooms
- 33
- Living Sq. Ft
- 21,122
- Lot Size
- 17,906
- Days on Market
- 11
- Property Type
- Multifamily
Property Description
First time on the market in over 43 years, this 32-unit apartment community is ideally located in prime Hollywood between Hollywood Boulevard and Sunset Boulevard, just blocks from Los Feliz. Built in 1955, the property spans approximately 21,122 square feet on a 17,906 square foot lot and features a secured entrance, 32 individual parking spaces, a spacious central courtyard, and an on-site pool that enhance tenant appeal. Offered at a 6.3% cap rate and 9.7 GRM with significant rental upside, the asset presents a compelling value-add opportunity. Recent improvements include new windows, a newer roof, and an updated electrical system. Additional upside may be realized through the potential conversion of the existing non-conforming studio into an ADU (buyer to independently verify feasibility and permitting). The property also includes an on-site community laundry facility with three washers and three dryers and benefits from a highly desirable Hollywood location surrounded by popular dining, nightlife, new retail developments, major employment centers, and convenient transportation options.
Additional Information
- Other Buildings
- None
- Heat
- None
- Cooling
- None
- Number of Cars in Garage
- Carport
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Courtesy of Lyon Stahl Investment Real Estate, Inc., Sean Namigohar - CA DRE#01949705
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