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5516 Virginia Ave 16 Unit Apartment Building Offered at $3,350,000 at a 5.90% Cap Rate Los Angeles, CA 90038

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Executive Summary

5516 & 5522 Virgina Ave, a charming 16-unit apartment situated on two separate parcels, building located in Hollywood, a highly desired neighborhood in Los Angeles, CA. Built in 1953 and 1958, the property consists of two buildings featuring (11) one-bedroom + one-bathroom units and (5) two-bedroom + one-bathroom units. The building is 11,550 gross square feet and sits on a 15,000 square foot lot.Located in the heart of Hollywood, 55165522 Virginia Ave offers residents a dynamic, centrally located lifestyle within one of Los Angeles' most creative and culturally rich neighborhoods. Just moments from Santa Monica Boulevard, Hollywood Boulevard, and Melrose Avenue, the property places tenants close to major employment hubs, entertainment studios, and an ever-growing mix of dining, retail, and nightlife options.Residents can easily enjoy nearby cafes, local restaurants, and neighborhood conveniences, along with quick access to Hollywood landmarks, music venues, and cultural destinations. The property benefits from a walkable location, convenient public transit access, and strong connectivity toHollywood, Mid-Wilshire, Los Feliz, and Downtown Los Angeles.
Agent Remarks : For more information, EMAIL: Michael.Kamara@lyonstahl.com

Property Facts

Price	$3,350,000	Property Type	Multifamily
Price Per Unit	$209,375	Building Size	11,550 SF
Sale Type	Investment	No. Stories	2
Cap Rate	5.90%	Year Built	1958
Gross Rent Multiplier	10.15	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.
No. Units	16

Price	$3,350,000
Price Per Unit	$209,375
Sale Type	Investment
Cap Rate	5.90%
Gross Rent Multiplier	10.15
No. Units	16
Property Type	Multifamily
Building Size	11,550 SF
No. Stories	2
Year Built	1958
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.