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Exceptional opportunity to acquire a 37 unit apartment building comprised of 10 studio units and 27 one-bedroom/one-bath units, originally built in 1968 and totaling approximately 29,085 square feet of living space. The property currently offers an attractive 5.9% cap rate, with approximately 33% rental upside, presenting investors with the potential to achieve a projected cap rate of up to 10.8% as rents are brought to market levels. Amenities include assigned parking in a subterranean garage, community laundry facilities, individually metered gas and electric utilities, and an on-site manager. The building has also benefited from recent capital improvements, enhancing the property's condition and reducing near-term maintenance requirements. Ideally located just minutes from the iconic energy of Hollywood and the natural beauty of Griffith Park, the property places residents at the intersection of historic charm and modern urban living. The surrounding neighborhood blends classic architecture and quiet residential streets with easy access to world-famous entertainment corridors, restaurants, theaters, hiking trails, and cultural landmarks. With strong rental demand, significant rental upside, and a highly desirable central location, this asset presents a compelling opportunity for investors seeking both stable current income and long-term value growth in one of Los Angeles' most dynamic rental markets.
Property Type(s):
Residential Income
| Last Updated | 3/12/2026 | Year Built | 1968 |
|---|---|---|---|
| Community | C20 - Hollywood | Garage Spaces | 37.0 |
| County | Los Angeles |
Additional Details
| AREA | C20 - Hollywood |
|---|---|
| GARAGE | Yes |
| LOT | 0.3446 acre(s) |
| LOT DIMENSIONS | 15009 |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 3 |
| WATER | Public |
Location
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Listed with Compass
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
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