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1563 Gordon St 8 Unit Apartment Building $3,275,000 ($409,375/Unit) 5.44% Cap Rate Los Angeles, CA 90028
INVESTMENT HIGHLIGHTS
- Charming 9-unit property in the heart of Hollywood, steps from Sunset Boulevard
- Diverse unit mix of (1) studio, (6) spacious 1 bed / 1 bath units, and (2) large 2 bed / 1 bath units
- Gated parking for residents
- Walkable to major area employers, including Netflix, Paramount, ABC, Technicolor, and Sunset Gower Studios
- Turn-key, condo-quality finishes throughout, including quartz countertops and Nest thermostats, and in-unit washer & dryers
- Easily accessible from the 101 Freeway, and close to popular bars, restaurants, and iconic Hollywood landmarks
EXECUTIVE SUMMARY
1563 Gordon St is a charming 9-unit property in the heart of Hollywood, just steps from Sunset Boulevard and walkable to major employers like Netflix, Paramount, ABC, Technicolor, and Sunset Gower Studios. This well-appointed building features a diverse mix of (1) studio, (6) spacious 1 bed / 1 bath units, and (2) large 2 bed / 1 bath units, all with turn-key, condo-quality finishes including quartz countertops, Nest thermostats, and in-unit washer & dryers. Residents enjoy gated parking, convenient access to the 101 Freeway, and proximity to popular bars, restaurants, and iconic Hollywood landmarks.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $3,275,000 | Apartment Style | Low-Rise |
| Price Per Unit | $409,375 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 5.44% | Building Size | 6,282 SF |
| Gross Rent Multiplier | 12.36 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1957 |
| Property Type | Multifamily | Parking Ratio | 0.79/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | LAR4 - 0500 - 5 Or More Apts or Units | ||
| Price | $3,275,000 |
| Price Per Unit | $409,375 |
| Sale Type | Investment |
| Cap Rate | 5.44% |
| Gross Rent Multiplier | 12.36 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 6,282 SF |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 0.79/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LAR4 - 0500 - 5 Or More Apts or Units |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Refrigerator
- Quartz Countertops
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 6 | - | - |
| 2+1 | 1 | - | - |
1 1
Walk Score®
Walker's Paradise (90)
PROPERTY TAXES
| Parcel Number | 5545-007-015 | Improvements Assessment | $803,171 (2025) |
| Land Assessment | $1,573,995 (2025) | Total Assessment | $2,377,166 (2025) |
PROPERTY TAXES
Parcel Number
5545-007-015
Land Assessment
$1,573,995 (2025)
Improvements Assessment
$803,171 (2025)
Total Assessment
$2,377,166 (2025)
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1563 Gordon St
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