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    5741 Virginia Ave

    Los Angeles, CA 90038
    • $5,225,000
    • STATUS: Active
    • ON SITE: 29 days
    • ID#: 20-620656
    UPDATED: 189 min ago
    $5,225,000
    • 20
      BEDS
    • 0.34
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,599
      SQFT
    • $450
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1967
    County:
    Area:

    School Ratings & Info

    Description

    Offering the new owner an attractive 5.00% CAP and 12.86 GRM, this asset has been heavily upgraded with recent capital improvements. It is located north of Santa Monica Boulevard and west of Wilton Place, one block from the Hollywood Forever Cemetery. The property has benefitted from numerous recent improvements to both its interior and exterior. The building has new exterior paint, new landscaping, a large new fence, and a new driveway gate. Select unit interiors have been renovated with new wood and tile flooring, new kitchen cabinets, new stainless steel appliances, new countertops, and remodeled bathrooms. An on-site laundry room provides the landlord with an additional income stream, while on-site gated parking allows space for 21 vehicles. Situated in Hollywood, near the intersection of Santa Monica Boulevard and Van Ness Avenue, the property is primed to capitalize on a massive influx of investment in the local neighborhood. Just three blocks north is the ICON tower.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-17T23:42:38.693. 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.
    www.randyplaice.com/homes/109136573
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    5741 Virginia Ave Los Angeles, CA 90038

    • Price: $5,225,000
    • Status: Active
    • Updated: 189 min ago
    • ID#: 20-620656
    20
    Beds
    0
    Baths
    0
    ½ Baths
    0.34
    Acres
    11,599
    SQFT
    $450
    $/SQFT
    1967
    Built
    Neighborhood:
    Hollywood
    County:
    Los Angeles
    Area:
    Hollywood
    Property Description
    Offering the new owner an attractive 5.00% CAP and 12.86 GRM, this asset has been heavily upgraded with recent capital improvements. It is located north of Santa Monica Boulevard and west of Wilton Place, one block from the Hollywood Forever Cemetery. The property has benefitted from numerous recent improvements to both its interior and exterior. The building has new exterior paint, new landscaping, a large new fence, and a new driveway gate. Select unit interiors have been renovated with new wood and tile flooring, new kitchen cabinets, new stainless steel appliances, new countertops, and remodeled bathrooms. An on-site laundry room provides the landlord with an additional income stream, while on-site gated parking allows space for 21 vehicles. Situated in Hollywood, near the intersection of Santa Monica Boulevard and Van Ness Avenue, the property is primed to capitalize on a massive influx of investment in the local neighborhood. Just three blocks north is the ICON tower.
    Exterior Features

    Lot Size Area 15002 Other Structures None Parking Garage Gated Total Parking 21

    Interior Features

    Baths Total 21.00 Cooling Air Conditioning Equipment Other Heating Wall Laundry Community

    Property Features

    Assessed Total Value 3960000 Gross Income 401592 Gross Operating Income 394399 Like Units1 1 Like Units2 18 Like Units3 2 Net Operating Income 261084.00 Number Of Buildings 1 Number Of Units 21 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Estimated Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 133315 Type Of Units Residential Year Built Source Vendor Enhanced Zoning Lar3

    Listing provided courtesy of Roderick 'Rick' Raymundo DRE#01357019 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-17T23:42:38.693. 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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    Valencia CA, 91355