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1847 N Cherokee Ave 19 Unit Apartment Building $4,100,000 ($215,789/Unit) 6% Cap Rate Los Angeles, CA 90028
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.
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
AMENITIES
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 |
Walk Score®
Walker's Paradise (97)
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 |
PROPERTY TAXES
Parcel Number
5547-003-010
Land Assessment
$1,336,914
Improvements Assessment
$3,110,796
Total Assessment
$4,447,710
Annual Taxes
$41,820 ($4.73/SF)
Tax Year
2025
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1847 N Cherokee Ave
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