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Selma Bungalows - Hollywood 6043-6053 Selma Ave 6 Unit Apartment Building $3,100,000 ($516,667/Unit) 5.27% Cap Rate Los Angeles, CA 90028
INVESTMENT HIGHLIGHTS
- Own 6 individual bungalow in the heart of Hollywood
- Short distance to restaurants, entertainment, transportation (Red Line)
EXECUTIVE SUMMARY
Bungalow Heaven! This unique property consists of 6 individual bungalow homes on a huge, gated lot (almost 20,000 sf). Each house is rich with original woodwork and character and has its private fenced yard. Location, Location, Location, say no more, located right in the heart of Hollywood, within distance to great shopping, restaurants, entertainment, and the Red Line metro station, but set back off a quiet tree-lined street, creating a serene, tranquil and private living environment. Over the past few years, four of the units have been fully upgraded, while the others are home to long-term tenants. Everyone who has lived in these units loves them.
The purchase of 6043-6053 Selma Avenue is an opportunity for an investor to acquire a centrally-located heart of Hollywood with Flagship location with tremendous income upside potential as the economy improves and demand for residential rentals continual growth and increase.
The purchase of 6043-6053 Selma Avenue is an opportunity for an investor to acquire a centrally-located heart of Hollywood with Flagship location with tremendous income upside potential as the economy improves and demand for residential rentals continual growth and increase.
PROPERTY FACTS
| Price | $3,100,000 | Apartment Style | Low-Rise |
| Price Per Unit | $516,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.46 AC |
| Cap Rate | 5.27% | Building Size | 4,328 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 97% |
| Gross Rent Multiplier | 16.97 | No. Stories | 1 |
| No. Units | 6 | Year Built/Renovated | 1914/2025 |
| Property Type | Multifamily | Parking Ratio | 2.77/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | R4, Los Angeles - Multiple Dwelling | ||
| Price | $3,100,000 |
| Price Per Unit | $516,667 |
| Sale Type | Investment |
| Cap Rate | 5.27% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 16.97 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 4,328 SF |
| Average Occupancy | 97% |
| No. Stories | 1 |
| Year Built/Renovated | 1914/2025 |
| Parking Ratio | 2.77/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R4, Los Angeles - Multiple Dwelling |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Tile Floors
- Crown Molding
- Kitchen
- Hardwood Floors
- Vaulted Ceiling
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Yard
- Lawn
- Office
- Patio
- Porch
- Skylights
- Vinyl Flooring
- Quartz Countertops
SITE AMENITIES
- Fenced Lot
- Gated
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 3 | - | - |
Walk Score®
Walker's Paradise (90)
PROPERTY TAXES
| Parcel Number | 5545-007-040 | Improvements Assessment | $278,771 |
| Land Assessment | $1,031,489 | Total Assessment | $1,310,260 |
PROPERTY TAXES
Parcel Number
5545-007-040
Land Assessment
$1,031,489
Improvements Assessment
$278,771
Total Assessment
$1,310,260
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Selma Bungalows - Hollywood | 6043-6053 Selma Ave
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