Hollywood Garden Aartments | 5405-5419 Fernwood Ave
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Hollywood Garden Aartments 5405-5419 Fernwood Ave
28 Unit Apartment Building $6,995,000 ($249,821/Unit) 5.80% Cap Rate Los Angeles, CA 90027
Investment Highlights
- 28 units, built in 1939
- Onsite parking
- Close distance to high-end retail, eateries, and entertainment options in the Hollywood and Melrose area
- Unit mix: (16) 1+1, (12) 2+1
- A close distance to schools and hospitals providing a sensible housing option for families.
- 24,088 square foot building on a ±0.80 acre lot
Property Facts
| Price | $6,995,000 | Apartment Style | Low Rise |
| Price Per Unit | $249,821 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.55 AC |
| Cap Rate | 5.80% | Building Size | 28,914 SF |
| Gross Rent Multiplier | 10.54 | No. Stories | 2 |
| No. Units | 28 | Year Built | 1939 |
| Property Type | Multifamily | Parking Ratio | 0.55/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $6,995,000 |
| Price Per Unit | $249,821 |
| Sale Type | Investment |
| Cap Rate | 5.80% |
| Gross Rent Multiplier | 10.54 |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.55 AC |
| Building Size | 28,914 SF |
| No. Stories | 2 |
| Year Built | 1939 |
| Parking Ratio | 0.55/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Microwave
- Heating
- Kitchen
- Tub/Shower
- Yard
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Gated
- Recycling
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | $1,618 | 700 |
| 2+1 | 12 | $2,033 | 850 |
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Walk Score ®
Very Walkable (89)
PROPERTY TAXES
| Parcel Number | 5544-032-008 | Improvements Assessment | $1,803,750 |
| Land Assessment | $1,082,247 | Total Assessment | $2,885,997 |
PROPERTY TAXES
Parcel Number
5544-032-008
Land Assessment
$1,082,247
Improvements Assessment
$1,803,750
Total Assessment
$2,885,997
zoning
| Zoning Code | LAR4 |
| LAR4 |
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Hollywood Garden Aartments | 5405-5419 Fernwood Ave
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