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5727 Virginia Ave
Los Angeles, CA 90038
Multifamily Property For Sale
·
11 Units
Investment Highlights
- Located in Prime Hollywood near Wilton and Santa Monica surrounded by trendy restaurants, shopping and nightlife providing a plethora of amenities
- Current rents are 32% below market rate allowing a new owner the opportunity to increase cash flow with unit renovations as units turn
- Echelon Studios is a 110,000 square foot creative campus that will include productions facilities, creative office and ground floor retail
- Great unit mix consisting of (5) Studio, 1 Bath, (3) 1 Bed, 1 Bath, (2) 2 Bed, 1 Bath and (1) 3 Bed, 1 Bath units spread out over 6,544 sf
- Located one block away from the recently approved Echelon Studio complex located at the famed 560 Santa Monica Blvd Site
Property Facts
| No. Units | 11 | Building Size | 8,535 SF |
| Property Type | Multifamily | Average Occupancy | 82% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1964 |
| Building Class | C | Parking Ratio | 1.38/1,000 SF |
| Lot Size | 0.17 AC | ||
| Zoning | LAR3 - LAR3 | ||
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 8,535 SF |
| Average Occupancy | 82% |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 1.38/1,000 SF |
| Zoning | LAR3 - LAR3 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 1 | $3,000 | 950 |
| 2+1 | 2 | $2,400 | 800 |
| 1+1 | 3 | $2,200 | 675 |
| Studios | 5 | $1,750 | 475 |
Property Taxes
| Parcel Number | 5536-006-008 | Improvements Assessment | $437,778 |
| Land Assessment | $187,606 | Total Assessment | $625,384 |
Property Taxes
Parcel Number
5536-006-008
Land Assessment
$187,606
Improvements Assessment
$437,778
Total Assessment
$625,384
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