5640 Santa Monica Blvd Los Angeles, CA 90038
Hollywood NeighborhoodEstimated payment $154,929/month
About This Home
Introducing a prime investment opportunity in the heart of Hollywood! Located at 5640 Santa Monica Blvd, Los Angeles, CA 90038, this historic1927 property offers a unique blend of vintage charm and modern amenities. Comprising 177 units (176 studios and 1 one-bedroom, one bathroom),4 retail spaces, and a billboard, this mixed-use building presents significant income potential. Residents enjoy newly renovated units featuring granite countertops, charming kitchenettes, two-tone painted interiors, new black appliances, city views, cable readiness, window coverings, open floor plans, large windows for natural light, and ceiling fans. Community amenities include controlled access, parking for an additional fee, resident package retrieval lockers, bicycle parking, an elevator, off-street parking, on-site maintenance and management, public transportation access, recycling, and on-site retail stores. The building's prime location puts residents in close proximity to popular dining destinations like La Fonda Antioquena, Dave's Hot Chicken, Jitlada Restaurant, and Canter's Deli. Entertainment and cultural attractions abound, including The Hollywood Museum, Paramount Theatre, Barnsdall Art Park, and the American Cinematheque. Shopping and entertainment options are readily available at Ovation Hollywood, West Hollywood Gateway, Catalina's Supermarket, and Pavilions. The property is also conveniently located near major employers like Paramount Pictures Studio Tour and esteemed educational institutions such as Joseph Le Conte Middle School, STEM Academy Of Hollywood, Bernstein High School, and Hollywood Elementary School. This is a rare chance to own a piece of Hollywood history with exceptional potential for growth. Directly across from the subject property, the transformative Echelon Studios development is taking shape, a $450-million project by Bardas Investment Group and Bain Capital Real Estate. Spanning a full city block at 5601 Santa Monica Blvd, this state-of-the-art studio complex will feature nearly 500,000square feet of production studios and support space, alongside creative offices and retail, with completion slated for 2026. This cutting-edge campus, replacing a former Sears site, is poised to elevate the area's profile as a hub for entertainment and innovation, enhancing the value and appeal of nearby properties.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $268,575
Year Built
- Built in 1927
Lot Details
- 0.43 Acre Lot
Parking
- 63 Parking Spaces
Home Design
- Split Level Home
Interior Spaces
- 57,664 Sq Ft Home
- 4-Story Property
Utilities
- Cooling System Mounted To A Wall/Window
- Heating System Mounted To A Wall or Window
Community Details
- 177 Units
- Rent Control
Listing and Financial Details
- Assessor Parcel Number 5536-018-022
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $268,575 | $22,285,368 | $11,673,288 | $10,612,080 |
| 2024 | $268,575 | $21,848,400 | $11,444,400 | $10,404,000 |
| 2023 | $263,376 | $21,420,000 | $11,220,000 | $10,200,000 |
| 2022 | $213,228 | $17,747,086 | $9,757,038 | $7,990,048 |
| 2021 | $210,424 | $17,399,105 | $9,565,724 | $7,833,381 |
| 2019 | $144,224 | $11,841,497 | $2,217,924 | $9,623,573 |
| 2018 | $143,631 | $11,610,009 | $2,174,436 | $9,435,573 |
| 2016 | $25,734 | $1,801,142 | $846,472 | $954,670 |
| 2015 | $25,416 | $1,774,088 | $833,758 | $940,330 |
| 2014 | $25,681 | $1,739,337 | $817,426 | $921,911 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/07/2025 07/07/25 | Pending | -- | -- | -- |
| 03/21/2025 03/21/25 | For Sale | $24,000,000 | -- | $416 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $25,500,000 | Chicago Title Company | |
| Grant Deed | $15,250,000 | First Amer Title Co Natl Com | |
| Gift Deed | -- | -- | |
| Individual Deed | -- | -- | |
| Individual Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $20,370,823 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $15,000,000 | Commercial | |
| Previous Owner | $4,472,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $5,300,000 | Commercial | |
| Previous Owner | $950,000 | Commercial | |
| Closed | $460,000 | No Value Available |
Source: The MLS
MLS Number: 25515065
APN: 5536-018-022
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© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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