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$8,300,000
249 Days Online

5425 Santa Monica Boulevard
Los Angeles, CA 90029

For Sale|Multi-Family|Pending
County:
Los Angeles
Listed by Neema Ahadian of Marcus & Millichap

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5425 Santa Monica Boulevard5425 Santa Monica Boulevard5425 Santa Monica Boulevard5425 Santa Monica Boulevard
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5425 Santa Monica Boulevard in Los Angeles, CA 90029. Built in 1925, this prime mixed-use opportunity consists of 30 apartment units and 6,500 SF of commercial space located in the Hollywood Studio District of Los Angeles. This four-story building features 24 singles, 6 one-bedrooms, and 4 retail or office spaces.This offering presents the investor the opportunity to purchase a well-maintained property with stable cash flow of 5.49% on current income. The apartment units offer over 14% rental upside as units turn along with rental increases throughout the leases of the commercial tenants. Additionally, an investor will have the opportunity to increase cash flow with the addition of signage on the east side of the property. The Hollywood market remains one of the most desirable submarkets for living and working. With over 100,000 people living within one-mile and an average home value of over $840,000 within a three-mile radius, the demand for apartment units continues to increase year-over-year. The subject property has a walk score of 92 and offers direct access to the 101 Freeway and a quick walk to to both the Western/Hollywood Blvd Station and the Vermont/Santa Monica Blvd Station.

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Listing Snapshot
Price 
$8,300,000
Days Online 
249 Days
Bedrooms 
N/A
Inside Area (SqFt) 
27,192 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1591 Acres
Year Built 
1925
MLS Number 
21791998
Status 
Pending
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a month agoListing updated with changes from the MLS
3 months agoStatus changed to Pending
8 months agoListing first seen online
General Features
Parking 
None
Parking Spaces 
0
Number of Stories 
4
Acreage 
0.1591
Zoning 
LAC4
Listing Conditions 
Standard
Interior Features
Cooling 
None
Heating 
Natural Gas
Appliances 
Refrigerator
Flooring 
LaminateWood
Interior 
CeilingFans
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Community Features
Association Dues 
0
Senior Community 
No
MLS Area 
C20 - Hollywood
Crmls Logo Real Estate For Sale

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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