$2,300,000

Estimated payment $15,039/month

Total Views 83
11 Beds
10 Baths
6,533 Sq Ft
$352 Price per Sq Ft

About This Home

Maywood Property Group is pleased to present a rare opportunity to acquire a well- maintained 8-unit multifamily asset in the heart of Hollywood, one of Los Angeles' most iconic and evolving submarkets.The property features a highly desirable unit mix: (2) 2-bedroom, 2-bath, (1) 2- bedroom, 1-bath, and (5) 1-bedroom, 1-bath apartments - catering to a wide range of renter demand in a dense, amenity-rich location.The building is well maintained, having recently undergone a $90,000+ copper repipe upgrade in 2025, ensuring long-term operational durability for the next investor. With current ownership holding rents below market, there is clear income upside through natural tenant turnover, strategic rent increases, and monetizinglaundry operations.Additionally, the landlord presently leases several on-site parking spaces to off-site users, generating an extra $750/month in ancillary income.Located in a prime, walkable pocket of Hollywood (Walk Score 94), this property offers both strong in-place cash flow and long-term development potential on its 11,517 SF LAR3-zoned lot. Whether as a stable income-producing asset or a land- banked future redevelopment site, this offering presents a compelling investment opportunity in one of LA's most dynamic rental markets.

Listing Agent

Nicholas Hayner

Maywood Property Group License #02090908 Listed on: 07/14/2025

Co-Listing Agent

Jennifer Levine

The Beverly Hills Estates License #01483070

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 0.26 Acre Lot

Parking

  • Assigned Parking

Home Design

  • Split Level Home

Interior Spaces

  • 6,533 Sq Ft Home
  • Built-In Features
  • Ceiling Fan
  • Disposal

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 10 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Vented Exhaust Fan
  • Cable TV Available

Community Details

  • 8 Units

Listing and Financial Details

  • Assessor Parcel Number 5532-008-026

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Living Area: 6533
  • Lot Acreage: 0.2645
  • Year Built: 1957
  • Number Of Photos: 11
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 11
  • Total Bathrooms: 10.00
  • Equipment: Ceiling Fan, Garbage Disposal, Built-Ins, Cable, Vented Exhaust Fan
  • Price Per S Q F T: 352.06

Exterior Features

  • Other Structures: Other

Garage/Parking

  • Parking Garage: Assigned

Utilities

  • Cooling: Wall/Window

Lot Info

  • Assessed Improvement Percent: 63.43
  • Assessed Improvement Value: 158377
  • Assessed Land Percent: 36.57
  • Assessed Land Value: 91310
  • Total Assessed Value: 249687
  • Assessor Parcel Number: 5532-008-026
  • Lot Size Area: 11520

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 11.50
  • Number Of Units: 8
  • Total Annual Expense: 68485
  • Type Of Units: Apartments
  • Vacancy Rate: 2

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
07/14/2025 07/14/25 For Sale $2,300,000 -- $352 / Sq Ft
Source: The MLS

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Source: The MLS

MLS Number: 25566669

The MLS