5727 Virginia AVE new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90038
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,544 sqft
Price per Sqft $320
MLS Listing ID 25523391
Bedrooms 10
Year Built 1964
Lot Size 7,501 Sqft
Property Description
We are pleased to present 5727 Virginia Ave, an 11 unit offering in a prime Hollywood location just north of Santa Monica Blvd and west of Wilton in a pocket of Hollywood that has seen tremendous growth. The subject property was built in 1964 and boasts and excellent unit mix consisting of (5) Studio, 1 Bath, (3) 1 Bed, 1 Bath, (2) 2 Bed, 1 Bath and (1) 3 Bed, 1 Bath units spread out over 6,544 square feet. Currently there is 1 vacant unit. The building sits on a 7,500 square foot lot that is zoned LAR3. With over 30% upside in rents, the investment offers investors the opportunity to capitalize on a market that is continuing to see tremendous growth and development, with trendy bars, restaurants, and shopping surrounding the area. Notably, the property is near major developments like Echelon Studios, a cutting-edge entertainment village featuring 110,000 square feet of production facilities and creative office space. This strategic location positions 5727 Virginia Ave for strong future appreciation and investment growth.
Location
State CA
County Los Angeles
Area C20 - Hollywood
Zoning LAR3
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplaces Type None
Exterior
Parking Features Attached Carport,Assigned,Covered,Uncovered
Pool None
Community Features Gated
View Y/N Yes
View City Lights
Building
Story 2
Sewer Other
New Construction No
Others
Special Listing Condition Standard