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1847 N Cherokee Ave 19 Unit Apartment Building $4,100,000 ($215,789/Unit) Los Angeles, CA 90028

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Investment Highlights

Prime Hollywood location, just 2 blocks from the Hollywood Walk of Fame
Near major attractions such as Paramount, Hollywood Bowl, and Hollywood Boulevard .
Walking distance to all community services and transportation.

14 private parking spaces (1.6/1,000 SF), rare for Hollywood properties.
Includes on-site laundry, air conditioning in units, hardwood floors, and 24-hour access
Central to major employment centers.

Executive Summary

Prime Hollywood location, surrounded by numerous newly built and under-construction developments, this is a rare opportunity to acquire a multi-family property in one of Los Angeles’ most dynamic growth corridors.
The offering consists of a two-story building on an 11,249 SF lot with favorable zoning for future development. The property is gated with private rear parking and no soft-story or tuck-under parking concerns. Features include an on-site laundry room, security camera system, and outdoor seating areas.
Unit mix includes 7 one-bedroom/one-bath units and 12 studio units. Priced attractively at $236,000 per door, this is the lowest-priced multi-family property in the area.
Sale is subject to seller’s 1031 exchange at no cost to buyer.

Financial Summary (Actual - 2025)	Annual	Annual Per SF
Gross Rental Income	$288,000	$32.56
Other Income	$2,250	$0.25
Vacancy Loss	$7,115	$0.80
Effective Gross Income	$283,135	$32.01
Taxes	$41,820	$4.73
Operating Expenses	$22,656	$2.56
Total Expenses	$64,476	$7.29
Net Operating Income	$218,659	$24.72

Financial Summary (Actual - 2025)

Gross Rental Income
Annual	$288,000
Annual Per SF	$32.56

Other Income
Annual	$2,250
Annual Per SF	$0.25

Vacancy Loss
Annual	$7,115
Annual Per SF	$0.80

Effective Gross Income
Annual	$283,135
Annual Per SF	$32.01

Taxes
Annual	$41,820
Annual Per SF	$4.73

Operating Expenses
Annual	$22,656
Annual Per SF	$2.56

Total Expenses
Annual	$64,476
Annual Per SF	$7.29

Net Operating Income
Annual	$218,659
Annual Per SF	$24.72

Property Facts

Price	$4,100,000	Building Class	C
Price Per Unit	$215,789	Lot Size	0.26 AC
Sale Type	Investment	Building Size	8,844 SF
Sale Conditions	1031 Exchange Redevelopment Project	Average Occupancy	99%
No. Units	19	No. Stories	2
Property Type	Multifamily	Year Built/Renovated	1950/2018
Property Subtype	Apartment	Parking Ratio	1.58/1,000 SF
Apartment Style	Low-Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	LAR4 - Multiple Dwelling R3 Uses, Churches, Schools, Childcare, Homeless Shelter

Price	$4,100,000
Price Per Unit	$215,789
Sale Type	Investment
Sale Conditions	1031 Exchange Redevelopment Project
No. Units	19
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.26 AC
Building Size	8,844 SF
Average Occupancy	99%
No. Stories	2
Year Built/Renovated	1950/2018
Parking Ratio	1.58/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	LAR4 - Multiple Dwelling R3 Uses, Churches, Schools, Childcare, Homeless Shelter

Unit Amenities

Air Conditioning
Kitchen

Hardwood Floors
Stainless Steel Appliances

Tub/Shower
Walk-In Closets

Garden
Large Bedrooms

Site Amenities

24 Hour Access
Fenced Lot

Laundry Facilities

Gas Range

Private Bathroom

Unit Mix Information

Description	No. Units	Avg. Rent/Mo	SF
Studios	12	-	500
1+1	7	-	750

1 1

Aerial
Map

1847 N Cherokee Ave, Los Angeles, CA - Aerial map view - Image1

1847 N Cherokee Ave, Los Angeles, CA - Aerial map view - Image2

Walk Score®

Walker's Paradise (97)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

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, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

Property Taxes

Parcel Number	5547-003-010	Total Assessment	$4,447,710
Land Assessment	$1,336,914	Annual Taxes	$41,820 ($4.73/SF)
Improvements Assessment	$3,110,796	Tax Year	2025