5.9% CAP. 50 units in Hollywood. 34% in rental upside!
Multifamily | 50 Units | $102,000/unit
Marketing description
A 50-unit multifamily property strategically located on Cahuenga Blvd at Santa Monica Blvd, directly across from the Hollywood Recreation Center and within close proximity to key Hollywood destinations including Hollywood Blvd and Sunset & Vine. Consisting of 44 SRO’s, 4 studio’s, and 2 1bed1bath. New buyer will be able to capture 34% in rental upside.
16 out of 44 SRO’s could be delivered vacant (upon buyer request). 8 total shared bathrooms and 4 shared kitchens.
The property sits on two expansive parcels approximately 17,000 sq ft. Potential for redevelopment opportunity, buyer to verify.
This intersection is one of the core activity centers of Hollywood, providing exceptional access to transit, employment, entertainment, and lifestyle amenities.
Investment highlights
Diverse unit mix (SRO’s, Studios, & 1x1’s)
Large lot (17,000 sq ft)
Walking distance to Hollywood Walk of Fame and Major Employment Hubs.
16 units can be delivered vacant upon buyer request.
All tenants are current on rents, no evictions pending.
5.9% CAP on actual income.
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