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- LoopNet Team
7070 Franklin Ave
Los Angeles, CA 90028
Hollywood Hills Hotel and Apartments · Multifamily Property For Sale
·
62 Units
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Balcony
- Kitchen
SITE AMENITIES
- Pool
- Sundeck
ABOUT 7070 FRANKLIN AVE , LOS ANGELES, CA 90028
Hollywood Hills Hotel and Apartments is pleased to offer for sale a fee-simple interest in the 62-room hotel located in Hollywood Hills, California. Hollywood Hills Hotel and Apartments is walking distance from Hollywood Boulevard, Chinese Theater, Dolby Theater (where the Academy Awards are held), El Capital Theater (owned by Disney), Hollywood and Highland, Hollywood Wax Museum, Jimmy Kimmel Live, Ripley’s Believe it or Not, Walk of Fame (stars on Hollywood Blvd), and Runyon Canyon Park. The property has a view of the Hollywood Sign from the pool area. The building is currently vacant awaiting redevelopment. The property features 62 guestrooms, apartments and suites, many with kitchens/kitchenettes. See images for greater detail on the breakdown. Amenities include a city-center setting, courtyard, outdoor pool, outdoor dining area, patios, and off-street parking. Penthouse units have private patios. Sold to be rehabbed as a hotel or for future land development Highlights Prime Los Angeles location Steps from the Hollywood tourist attractions and studios High barriers to entry Strong and growing local and regional economy Impossible to duplicate
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 11 | - | 540 - 700 |
| Studios | 50 | - | 325 - 620 |
PROPERTY TAXES
| Parcel Number | 5548-002-011 | Improvements Assessment | $3,615,322 |
| Land Assessment | $14,461,292 | Total Assessment | $18,076,614 |
PROPERTY TAXES
