5640 Santa Monica Blvd | Los Angeles, CA 90038
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- LoopNet Team
5640 Santa Monica Blvd
Los Angeles, CA 90038
Langdon Park at Hollywood Studios · Multifamily Property For Sale · 177 Units
INVESTMENT HIGHLIGHTS
- Low Avg Rents of $1,475 Per Month are Well Positioned Against New Supply
- Institutionally Owned Property with over $2 Million in Capital Invested
- Transformational $450 Million Studio Project Planned Across the Street
- 75 (42%) of Units are Vintage which Offer $300 to $400 Renovation Premiums
- Netflix & Major Studios Surround The Derby
- Rare 1/2 Acre Surface Parking Lot for Residents
PROPERTY FACTS
| No. Units | 177 | Building Size | 57,664 SF |
| Property Type | Multifamily | Average Occupancy | 91% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid Rise | Year Built/Renovated | 1927/2015 |
| Building Class | C | Parking Ratio | 1.2/1,000 SF |
| Lot Size | 0.86 AC |
| No. Units | 177 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.86 AC |
| Building Size | 57,664 SF |
| Average Occupancy | 91% |
| No. Stories | 4 |
| Year Built/Renovated | 1927/2015 |
| Parking Ratio | 1.2/1,000 SF |
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
SITE AMENITIES
- Laundry Facilities
- Property Manager on Site
- On-Site Retail
- Wi-Fi
- Maintenance on site
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 177 | $1,475 | - |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $10,612,080 | |
| Land Assessment | $21,848,400 | Total Assessment | $32,460,480 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$21,848,400
Improvements Assessment
$10,612,080
Total Assessment
$32,460,480
ZONING
| Zoning Code | LAC2 (C2-1D: ~28,294 Sq. Ft. of Land RD1.5-1XL: ~9,250 Sq. Ft. of Land) |
| LAC2 (C2-1D: ~28,294 Sq. Ft. of Land RD1.5-1XL: ~9,250 Sq. Ft. of Land) |
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