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32273556
32273559

807 North June Street, Los Angeles, CA 90038 For Sale

Berkshire Hathaway HomeServices California Properties
Listed by Berkshire Hathaway HomeServices California Properties
$1,695,000
82 days on market
Updated 82 days ago

807-809 1/2 N June Street

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,664
Units 4
Beds 4
Cap Rate 4.40%
NOI $74,505
Occupancy 100%
Tenancy Multi
Pro-Forma Cap Rate 9.70%
Pro-Forma NOI $164,449
Price per SqFt $463
Year Built 1925
Lot Size (SqFt) 6,355
Zoning [Q]RD1.5-1XL
Investment Type Value Add

Multifamily | 4.40% CAP | 4 Units

Marketing description

Call/Email, Chris Newell for OM & Financials 310-993-9213, [email protected]

We are pleased to present 807 N June St, a pride-of-ownership four-unit multifamily asset located in the heart of Hollywood’s highly sought-after Media District. Built in 1925, the property has been professionally managed and well maintained throughout current ownership. The building consists of four spacious 1-bed/1-bath units, each exceeding 900 square feet. Ownership has added French doors to one unit, creating a flexible office, den, or bonus space well suited for today’s live/work lifestyle.

Situated on a quiet, tree-lined residential street, 807 N June St is surrounded by a distinctive mix of multimillion-dollar single-family homes, luxury townhomes, and well-maintained multifamily properties. The location offers neighborhood character with immediate proximity to major employment drivers, including Sunset Las Palmas Studios, which is undergoing a major expansion that will add substantial office and soundstage space to the area.

The investment opportunity is driven by strong in-place income and meaningful upside through additional density. The four detached garages present a clear ADU conversion opportunity, while updated ADU laws and density incentives may allow a new owner to increase unit count, improve NOI, and reposition the asset over time.

In a supply-constrained submarket like Hollywood’s Media District, this combination of existing income, large unit layouts, residential financing potential, and near-term ADU upside creates a compelling alternative to more traditional multifamily acquisitions.

Listing Contacts

Berkshire Hathaway HomeServices California Properties
Listed by Berkshire Hathaway HomeServices California Properties

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$74,505.00
$6,208.75/mo

Valuation Metrics

0
DSCR
4.4%
Cap Rate
4.4%
ROI

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Additional Information

Name
Christopher Newell
License
02098665
Brokerage
Berkshire Hathaway HomeServices California Properties
Title
Real Estate Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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