$3,750,000
$145K PRICE DROP

Estimated payment $24,282/month

Total Views 1,222
15 Beds
16 Baths
10,780 Sq Ft
$348 Price per Sq Ft

About This Home

Price Reduction! Renovated 13-unit building cash flowing at an amazing 5.25% Cap Rate from day 1 with 41% upside to an 8.2% Cap on Proforma! Attractively priced at only $348/SF and $288k/door with a large unit mix consisting of 3 (2bed/2bath) units, 9 spacious (1bed/1bath) units, and 1 (studio/1bath) unit. Majority of the units (7) have been renovated including 2 brand-new attached ADUs. Amenities include gated entry, communal laundry room, large balconies, large patios, as well as 9 parking spaces (4 of which have not been officially assigned and maybe rented for additional income). Many units boast updated cabinets, flooring, lighting, bathrooms, and significant exterior improvements including soft-story retrofit. Prime East Hollywood location just minutes away from the Vermont/Santa Monica Metro station, Silverlake, Hollywood, West Hollywood as well as many hip neighborhood attractions, restaurants, bars, and shops such as Hollywood Walk of Fame, Griffith Observatory, Cara Hotel, Saffy's Restaurant, Courage Bagels, and many more.

Listing Agent

Kian Maronde

Marcus & Millichap License #01952189 Listed on: 06/23/2025

Co-Listing Agent

Jason Tuvia

Marcus & Millichap License #01772495

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 9,022 Sq Ft Lot

Interior Spaces

  • 10,780 Sq Ft Home
  • 2-Story Property
  • Microwave

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 16 Bathrooms

Parking

  • 9 Parking Spaces
  • Assigned Parking

Utilities

  • Central Heating and Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Community Details

  • 13 Units

Listing and Financial Details

  • Assessor Parcel Number 5537-019-028

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 10780
  • Lot Acreage: 0.2072
  • Stories: 2
  • Year Built: 1963
  • Number Of Photos: 23
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 15
  • Total Bathrooms: 16.00
  • Equipment: Microwave, Refrigerator
  • Price Per S Q F T: 347.87

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 9

Utilities

  • Cooling: Wall Unit(s), Central
  • Heating: Wall, Central

Lot Info

  • Assessed Improvement Percent: 42.68
  • Assessed Improvement Value: 1027236
  • Assessed Land Percent: 57.32
  • Assessed Land Value: 1379570
  • Total Assessed Value: 2406806
  • Assessor Parcel Number: 5537-019-028
  • Lot Size Area: 9022

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 12.91
  • Number Of Units: 13
  • Total Annual Expense: 84990
  • Type Of Units: Multifamily
  • Vacancy Rate: 3%

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2025 07/31/25 Price Changed $3,750,000 -3.7% $348 / Sq Ft
06/23/2025 06/23/25 For Sale $3,895,000 +83.3% $361 / Sq Ft
02/16/2021 02/16/21 Sold $2,125,000 0.0% $214 / Sq Ft
02/15/2021 02/15/21 Pending -- -- --
02/15/2021 02/15/21 For Sale $2,125,000 -- $214 / Sq Ft
Source: The MLS

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Source: The MLS

MLS Number: 25555877

The MLS