5814 Virginia Ave | Los Angeles, CA 90038
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- LoopNet Team
5814 Virginia Ave
Los Angeles, CA 90038
Cheapest Hollywood Fourplex On the Market · Multifamily Property For Sale
·
4 Units
INVESTMENT HIGHLIGHTS
- Cheapest fourplex on the market in Hollywood, extremely motivated seller looking to close by year-end
- Located 1 block north of Santa Monica Blvd, near major Hollywood employers such as Paramount, Sunset Gower Studios, Netflix, CHLA and more
- We project the future owner could operate the property at a 6.71% market CAP and 10.77 market GRM
- Currently operating at a 4.54% current CAP and 14.20 current GRM with the opportunity for 44% upside in rents
- Comprised of (2) duplexes sitting on a spacious 7,500 SF lot zoned LAR3
- Property amenities include 8 parking spaces [(4) 1-car garages and 4 surface] and a community laundry room
PROPERTY FACTS
| No. Units | 4 | Building Size | 2,263 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1928 |
| Building Class | C | Parking Ratio | 3.54/1,000 SF |
| Lot Size | 0.17 AC | ||
| Zoning | LAR3 | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 2,263 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1928 |
| Parking Ratio | 3.54/1,000 SF |
| Zoning | LAR3 |
AMENITIES
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $1,215 | - |
| Studios | 2 | $1,664 | - |
PROPERTY TAXES
| Parcel Number | 5534-017-013 | Improvements Assessment | $434,887 |
| Land Assessment | $1,248,480 | Total Assessment | $1,683,367 |
PROPERTY TAXES
Parcel Number
5534-017-013
Land Assessment
$1,248,480
Improvements Assessment
$434,887
Total Assessment
$1,683,367
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