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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.

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