The Sophia Hollywood | 1759 N Gower St
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The Sophia Hollywood 1759 N Gower St
28 Unit Apartment Building $18,500,000 ($660,714/Unit) 5.17% Cap Rate Los Angeles, CA 90028
Investment Highlights
- Amenities include a writers’ lounge, a full gym with free-weights and machines, and bicycle storage facilities.
- The common area extra-wide hallways feature Hollywood art throughout the building.
- The property will be delivered vacant at the close of escrow
- The building also features 56 parking spaces, two spaces per unit, across the one level of subterranean parking, with 12 EV charging stations
- The lobby is welcoming with curated artistic touches, playing homage to the golden age of cinema.
Executive Summary
The Neema Group of Marcus & Millichap is pleased to present Sophia Hollywood, a newly constructed 28-unit multifamily investment opportunity located at 1759 N Gower St. The property is situated in an irreplaceable Hollywood location, one block north of the premier Hollywood Blvd, in one of Los Angeles’ most renowned rental submarkets.
The property was built in 2024 and features 28 units across four floors, with a diverse unit mix of four one-bedrooms (650-673 SF), 12 two-bedrooms (1,036-1,214 SF), three two bedrooms with dens (1,387 SF), and nine three-bedrooms (1,145-1,595 SF). Three of the units are designated as low-income. The building also features 56 parking spaces, two spaces per unit, across the one level of subterranean parking, with 12 EV charging stations.
The Sophia Apartments were constructed meticulously with attention to every detail. Each apartment features a balcony, including the three penthouse suites. Unit 405, the three bedroom penthouse has a 1,577 SF balcony with skyline views of the entire city of Los Angeles. Finishes in each apartment include high gloss white cabinets, glass enclosed tubs and showers, high-style fixtures, custom European-style cabinetry, full height splashes, and brand-new stainless-steel appliances. Every unit has a stacked washer and dryer.
The common area extra-wide hallways feature Hollywood art throughout the building. The lobby is welcoming with curated artistic touches, playing homage to the golden age of cinema. Amenities include a writers’ lounge, a full gym with free-weights and machines,
and bicycle storage facilities.
Located within a high walk score area of 89, the property offers unparalleled access to major entertainment hubs like the Hollywood Walk of Fame and the Capitol Records building, as well as a wealth of retail options along Hollywood Blvd. Its position in Hollywood, one of the city's strongest rental submarkets, is further amplified by its proximity to popular neighborhoods such as Beverly Hills, Century City, and West Hollywood.
The property was built in 2024 and features 28 units across four floors, with a diverse unit mix of four one-bedrooms (650-673 SF), 12 two-bedrooms (1,036-1,214 SF), three two bedrooms with dens (1,387 SF), and nine three-bedrooms (1,145-1,595 SF). Three of the units are designated as low-income. The building also features 56 parking spaces, two spaces per unit, across the one level of subterranean parking, with 12 EV charging stations.
The Sophia Apartments were constructed meticulously with attention to every detail. Each apartment features a balcony, including the three penthouse suites. Unit 405, the three bedroom penthouse has a 1,577 SF balcony with skyline views of the entire city of Los Angeles. Finishes in each apartment include high gloss white cabinets, glass enclosed tubs and showers, high-style fixtures, custom European-style cabinetry, full height splashes, and brand-new stainless-steel appliances. Every unit has a stacked washer and dryer.
The common area extra-wide hallways feature Hollywood art throughout the building. The lobby is welcoming with curated artistic touches, playing homage to the golden age of cinema. Amenities include a writers’ lounge, a full gym with free-weights and machines,
and bicycle storage facilities.
Located within a high walk score area of 89, the property offers unparalleled access to major entertainment hubs like the Hollywood Walk of Fame and the Capitol Records building, as well as a wealth of retail options along Hollywood Blvd. Its position in Hollywood, one of the city's strongest rental submarkets, is further amplified by its proximity to popular neighborhoods such as Beverly Hills, Century City, and West Hollywood.
Property Facts
| Price | $18,500,000 | Apartment Style | Mid Rise |
| Price Per Unit | $660,714 | Building Class | A |
| Sale Type | Investment | Lot Size | 0.40 AC |
| Cap Rate | 5.17% | Building Size | 40,332 SF |
| Gross Rent Multiplier | 13.16 | No. Stories | 4 |
| No. Units | 28 | Year Built | 2024 |
| Property Type | Multifamily | Parking Ratio | 1.39/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $18,500,000 |
| Price Per Unit | $660,714 |
| Sale Type | Investment |
| Cap Rate | 5.17% |
| Gross Rent Multiplier | 13.16 |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | A |
| Lot Size | 0.40 AC |
| Building Size | 40,332 SF |
| No. Stories | 4 |
| Year Built | 2024 |
| Parking Ratio | 1.39/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Balcony
- Washer/Dryer
- Stainless Steel Appliances
Site Amenities
- Fitness Center
- Bicycle Storage
- Car Charging Station
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $3,850 | 650 - 673 |
| 2+2 | 12 | $5,300 | 1,036 - 1,214 |
| 2+2.5 | 3 | $5,250 | 1,387 |
| 3+2 | 2 | $17,500 | 1,414 - 1,646 |
| 3+2.5 | 7 | $7,150 | 1,497 - 1,595 |
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Walk Score ®
Walker's Paradise (92)
Transit Score ®
Excellent Transit (70)
PROPERTY TAXES
| Parcel Number | 5546-031-032 | Improvements Assessment | $3,967,800 |
| Land Assessment | $1,592,957 | Total Assessment | $5,560,757 |
PROPERTY TAXES
Parcel Number
5546-031-032
Land Assessment
$1,592,957
Improvements Assessment
$3,967,800
Total Assessment
$5,560,757
zoning
| Zoning Code | LAR3 |
| LAR3 |
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Patricia Escobar -
Neema Ahadian -
Marcus & Millichap
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The Sophia Hollywood | 1759 N Gower St
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