$5,800,000
$450K PRICE DROP

Estimated payment $37,341/month

Total Views 2,378
20 Beds
22 Baths
15,320 Sq Ft
$379 Price per Sq Ft

Highlights

  • In Ground Pool
  • 2-minute walk to Hollywood/Western Station
  • Intercom
  • 0.39 Acre Lot
  • Courtyard Views
  • Card or Code Access

About This Home

JNM Realty Inc is proud to present, on an exclusive basis, a 22-unit low-rise apartment complex in the heart of East Hollywood with tremendous in-place cash flow. The asset has been professionally managed and maintained over the past 11 years and presents the opportunity for a new investor to improve the facility and its financial output through extended renovations. Community amenities include a pool, laundry room, and onsite parking. The property has been extremely well-maintained with improvements to the exterior facade and sixteen (16) of twenty-two (22) units fully renovated featuring new flooring, electrical, plumbing, and mini splits. There are (17) onsite parking spaces, non-tandem. A qualified investor could assume the favorable 3.20% interest-only rate through March 2026, amortizing through March 2027. This results in a 10.83% cash on cash return immediately upon acquisition. Through renovations and improvements, the property has the potential to reach a 7.65% stabilized cap rate and a 17.67% cash on cash return. Additional potential upside through ADUs through utilizing the onsite parking. Buyer to verify.

Listing Agent

Demis Dokhanian

JNM Realty, INC. License #01940496 Listed on: 06/17/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957 | Remodeled

Lot Details

  • 0.39 Acre Lot
  • South Facing Home
  • Gated Home

Home Design

  • Split Level Home

Interior Spaces

  • 15,320 Sq Ft Home
  • 2-Story Property
  • Courtyard Views

Bedrooms and Bathrooms

  • 20 Bedrooms
  • 22 Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Intercom
  • Carbon Monoxide Detectors

Parking

  • 11 Open Parking Spaces
  • 17 Parking Spaces
  • 6 Covered Spaces
  • Covered Parking
  • Automatic Gate

Additional Features

  • ADA Compliant
  • In Ground Pool
  • Heating System Mounted To A Wall or Window

Listing and Financial Details

  • Assessor Parcel Number 5544-021-007

Community Details

Recreation

  • Community Pool

Additional Features

  • 22 Units
  • Laundry Facilities
  • Card or Code Access

Property Details

Home Type

Multi-Family

Year Built

Built in 1957 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: Yes
  • ADA Compliant: Yes
  • Building Permit: Yes
  • Living Area: 15320
  • Lot Acreage: 0.3941
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 1957
  • Number Of Photos: 6
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 20
  • Common Walls: Attached
  • Laundry: Community
  • Total Bathrooms: 22.00
  • Equipment: Washer, Dryer, Intercom
  • Price Per S Q F T: 378.59

Exterior Features

  • Direction Faces: South
  • Other Structures: None
  • Pool Description: Community
  • Pool: Yes
  • Spa Yn: No
  • View: Courtyard
  • View: Yes

Garage/Parking

  • Other Spaces: 11
  • Covered Parking: 6
  • Parking Garage: Covered Parking
  • Total Parking: 17

Utilities

  • Cooling: Air Conditioning
  • Heating: Wall Electric
  • Security: Automatic Gate, Gated, Card/Code Access, Carbon Monoxide Detector(s)
  • Water Heaters: Yes

Lot Info

  • Assessor Parcel Number: 5544-021-007
  • Lot Size Area: 17165

Rental Info

  • Owner Pays: Water

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 12.25
  • Number Of Units: 22
  • Total Annual Expense: 163993
  • Type Of Units: 22
  • Vacancy Rate: 1

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
07/21/2025 07/21/25 Price Changed $5,800,000 -7.2% $379 / Sq Ft
06/17/2025 06/17/25 For Sale $6,250,000 -- $408 / Sq Ft
Source: The MLS

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Source: The MLS

MLS Number: 25553221

The MLS