Primrose Terrace Luxury Apartments 6337 Primrose Ave 20 Unit Apartment Building $6,650,000 ($332,500/Unit) 4.58% Cap Rate Los Angeles, CA 90068

Arbor Realty Capital Advisors is pleased to offer the opportunity to acquire Primrose Terrace Luxury Apartments. The property is located at 6337 Primrose Avenue and is a meticulously maintained 20-unit multifamily property in prime Hollywood, recognized globally as one of Los Angeles’ most dynamic and sought-after submarkets.
The location is the very desirable Hollywood Hills, where tenants have unparalleled access to Los Angeles’ premier entertainment, nightlife, and cultural destinations, while being secluded in a quiet neighborhood setting. Residents enjoy proximity to the Hollywood Bowl, Sunset Boulevard, Hollywood Boulevard, Runyon Canyon, public transit, and major employers in the media, tech, and entertainment sectors. The property is being made available for the first time by the family of the original developer.
Built in 1987, this three story, pride-of-ownership asset remains in pristine condition, with±13,140 SF of improvements and sits on a generous19,584 SF lot - with room for additional ADU's. This luxury building has the perfect unit mix for the area with all One- Bedroom / One-Bath Units. Most of the units have been thoughtfully renovated, featuring many high-end features like stone counters, hardwood floors, designer tile, LED lighting, stainless steel appliances, custom cabinets, AC and large modern bathrooms.
In addition, residents enjoy secured lobby entry, ample parking with 29 spaces, on-site laundry facilities, a sundeck and inviting barbeque area.
This offering will appeal to any investor looking for a clean, turn-key property with consistent stable occupancy in a world renown
Hollywood location.