Description

This 50-unit multifamily property is strategically positioned at the intersection of Cahuenga Boulevard and Santa Monica Boulevard, directly across from the Hollywood Recreation Center and near major Hollywood destinations such as Hollywood Boulevard and Sunset & Vine. The property features a diverse unit mix, including 44 SRO units, 4 studios, and 2 one-bedroom, one-bath units, with approximately 34% rental upside potential. Up to 16 of the SRO units can be delivered vacant at the buyer’s request. The building includes 8 shared bathrooms and 4 shared kitchens to support the SRO units. Situated on two large parcels totaling დაახლოებით 17,000 square feet, the site also presents potential redevelopment opportunities, subject to buyer verification. Located in one of Hollywood’s most active and connected areas, the property offers excellent access to transit, employment centers, entertainment, and lifestyle amenities, including walking distance to the Hollywood Walk of Fame. All tenants are current on rent with no pending evictions, and the property operates at a 5.9% cap rate based on actual income.