This Multifamily Property is no longer advertised on LoopNet.com.
5814 Virginia Ave
Cheapest Hollywood Fourplex On the Market · Multifamily Property For Sale
·
4 Units
INVESTMENT HIGHLIGHTS
Cheapest fourplex on the market in Hollywood, extremely motivated seller looking to close by year-end
Located 1 block north of Santa Monica Blvd, near major Hollywood employers such as Paramount, Sunset Gower Studios, Netflix, CHLA and more
We project the future owner could operate the property at a 6.71% market CAP and 10.77 market GRM
Currently operating at a 4.54% current CAP and 14.20 current GRM with the opportunity for 44% upside in rents
Comprised of (2) duplexes sitting on a spacious 7,500 SF lot zoned LAR3
Property amenities include 8 parking spaces [(4) 1-car garages and 4 surface] and a community laundry room
PROPERTY FACTS
No. Units
4
Property Type
Multifamily
Property Subtype
Apartment
Apartment Style
Low-Rise
Building Class
C
Lot Size
0.17 AC
Building Size
2,263 SF
Average Occupancy
100%
No. Stories
2
Year Built
1928
Parking Ratio
3.54/1,000 SF
UNIT MIX INFORMATION
DESCRIPTION
NO. UNITS
AVG. RENT/MO
SF
1+1
2
$1,215
-
Studios
2
$1,664
-
PROPERTY TAXES
Parcel Number
5534-017-013
Improvements Assessment
$426,360
Land Assessment
$1,224,000
Total Assessment
$1,650,360
