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6434 Yucca St
Los Angeles, CA 90028
Multifamily Property For Sale
·
49 Units
Investment Highlights
- UPGRADED ELECTRICAL PANELS: Upgraded electrical panels and electrical system enhancements in 2007 and 2025.
- PROXIMITY TO NOTABLE MAJOR EMPLOYERS: Netflix, NBC Universal, Paramount/Skydance, and Warner Brothers Studios are all within a few minutes
- HOLLYWOOD REMAINS WELL UNDER SUPPLIED AND THE DEVELOPMENT PIPELINE IS DWINDLING
- IN THE HEART OF THE HOLLYWOOD ENTERTAINMENT DISTRICT
- EXCELLENT ACCESSIBILITY: 6434 Yucca has a 97 Walk Score and 70 Transit Score
- HIGH RATE OF RENTERSHIP IN HOLLYWOOD, LOW SFR AFFORDABILITY
Executive Summary
Marcus & Millichap (“M&M”), as the exclusive listing agent, is pleased to announce the opportunity to acquire 6434 Yucca (the “Property”), a 49-unit value-add investment
opportunity located in the Hollywood submarket of Los Angeles, CA.
Originally built in 1923, the property benefits from a series of upgrades completed by the current and prior ownership groups that should allow investors to focus more on high return on investment interior improvements going forward. Post stabilization, investors will be able to achieve a 6.0% cap rate. Additionally, given the naturally occurring affordability of the unit mix and floor plans, investors can potentially pursue a welfare exemption that would reduce the taxable value of the property and reduce ad valorem property taxes.
The Property is in heart of the Hollywood entertainment district, only a few blocks from the intersection of Hollywood & Vine. Tenants are within walking distance of
major employers such as Viacom, Netflix, & the Capitol Records Building; the Metro B line at Hollywood / Vine station which puts Downtown LA, Koreatown, and Studio
City within a few stops; a plethora of entertainment options including the Pantages, the Palladium, Fonda Theatre, & W Hotel; and a variety of everyday amenities such
as Trader Joe’s, Chase Bank, and Equinox. Major entertainment industry titans such as NBC/ Universal, Warner Brothers, and Paramount/Skydance are within a 5-10
minute commute, 3 million total jobs across a diverse set of industries are accessible within 20-30 minutes given proximity to the 101-freeway.
The combination of high level of walkability, value-add potential, and deep bench of prospective renters given the affordable rental price points offer investors a unique
investment opportunity.
opportunity located in the Hollywood submarket of Los Angeles, CA.
Originally built in 1923, the property benefits from a series of upgrades completed by the current and prior ownership groups that should allow investors to focus more on high return on investment interior improvements going forward. Post stabilization, investors will be able to achieve a 6.0% cap rate. Additionally, given the naturally occurring affordability of the unit mix and floor plans, investors can potentially pursue a welfare exemption that would reduce the taxable value of the property and reduce ad valorem property taxes.
The Property is in heart of the Hollywood entertainment district, only a few blocks from the intersection of Hollywood & Vine. Tenants are within walking distance of
major employers such as Viacom, Netflix, & the Capitol Records Building; the Metro B line at Hollywood / Vine station which puts Downtown LA, Koreatown, and Studio
City within a few stops; a plethora of entertainment options including the Pantages, the Palladium, Fonda Theatre, & W Hotel; and a variety of everyday amenities such
as Trader Joe’s, Chase Bank, and Equinox. Major entertainment industry titans such as NBC/ Universal, Warner Brothers, and Paramount/Skydance are within a 5-10
minute commute, 3 million total jobs across a diverse set of industries are accessible within 20-30 minutes given proximity to the 101-freeway.
The combination of high level of walkability, value-add potential, and deep bench of prospective renters given the affordable rental price points offer investors a unique
investment opportunity.
Property Facts
| Price Per Unit | $141,837 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.27 AC |
| Cap Rate | 6.10% | Building Size | 27,032 SF |
| No. Units | 49 | Average Occupancy | 88% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1923 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | C4-2D-SN - Commercial | ||
| Price Per Unit | $141,837 |
| Sale Type | Investment |
| Cap Rate | 6.10% |
| No. Units | 49 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.27 AC |
| Building Size | 27,032 SF |
| Average Occupancy | 88% |
| No. Stories | 3 |
| Year Built | 1923 |
| Opportunity Zone |
Yes |
| Zoning | C4-2D-SN - Commercial |
Amenities
Unit Amenities
- Tile Floors
- Kitchen
- Granite Countertops
- Oven
- Range
- Tub/Shower
Site Amenities
- Controlled Access
- Laundry Facilities
- Gated
- Online Services
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 27 | - | 415 |
| 1+1 | 9 | - | 496 |
Property Taxes
| Parcel Number | 5546-006-013 | Improvements Assessment | $2,565,692 |
| Land Assessment | $7,808,631 | Total Assessment | $10,374,323 |
Property Taxes
Parcel Number
5546-006-013
Land Assessment
$7,808,631
Improvements Assessment
$2,565,692
Total Assessment
$10,374,323
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