6137 ELEANOR AVE
A 12-unit apartment building at 6137 Eleanor Ave in Hollywood, Los Angeles, offered at $2,025,000 at a 5.03% cap ($101,814 NOI). The value-add listing cites approximately 65% potential rental upside. The property sits just south of Santa Monica Boulevard and west of Gower Street.
The building was constructed in 1955 by the Seller's family. It totals 6,508 SF on a 6,501 SF lot (about 0.15 acres) zoned LAR3, APN 5534-022-019. The 12 units break down as one guest unit, two studios, eight one-bedrooms, and one two-bedroom. Completed capital work includes a soft-story retrofit, a copper re-pipe done in 2005, and new electrical subpanels. Mature landscaping provides shade and privacy.
Four rear tuck-under parking spaces may allow for accessory dwelling unit (ADU) conversions, subject to feasibility and approvals. The 101 Freeway is close by, as are the commercial corridors along Santa Monica Boulevard, Gower Street, Vine Street, and Cahuenga Boulevard. Hollywood Recreation Center and Larchmont Village are nearby, along with restaurants, retail, and entertainment.
- 12 units: one guest unit, two studios, eight one-bedrooms, one two-bedroom
- About 65% potential rental upside
- Soft-story retrofit completed, plus copper re-pipe (2005) and new electrical subpanels
- Four tuck-under parking spaces with possible ADU conversion, subject to approvals
- Hollywood location near the 101 Freeway and Santa Monica Boulevard
More property details
About this property
Marcus & Millichap is pleased to present a 12-unit apartment building located at 6137 Eleanor Avenue in the highly desirable Hollywood neighborhood of Los Angeles, California, just south of Santa Monica Boulevard and west of Gower Street. Built by the Seller’s family, this multifamily property offers an attractive investment opportunity with approximately 65% potential rental upside and a diverse unit mix consisting of one guest unit, two studios, eight one-bedroom apartments, and one two-bedroom apartment. The property features several capital improvements, including a completed soft-story retrofit, a copper re-pipe completed in 2005, and new electrical subpanels. Mature landscaping enhances the property’s curb appeal while providing shade and privacy. Additional amenities include four rear tuck-under parking spaces, which may offer opportunities for accessory dwelling unit (ADU) conversions, subject to feasibility and necessary approvals. Residents enjoy convenient access to the 101 Freeway and major commercial corridors along Santa Monica Boulevard, Gower Street, Vine Street, and Cahuenga Boulevard. Nearby attractions include Hollywood Recreation Center, Larchmont Village, and the area’s wide selection of restaurants, retail shops, and entertainment destinations. With approximately 65% potential rental growth, completed capital improvements, attractive landscaping, and additional value creation opportunities through potential ADU development, the property presents a compelling value-add investment opportunity in prime Hollywood.
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