5110 Harold Way, Los Angeles, CA 90027
5110 Harold Way, Los Angeles, CA 90027
5110 Harold Way, Los Angeles, CA 90027
5110 Harold Way, Los Angeles, CA 90027
5110 Harold Way, Los Angeles, CA 90027
5110 Harold Way, Los Angeles, CA 90027
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$ 6,240,000
Est. payment | /mo

29 Beds

33 Baths

21,122 SqFt


Save
$ 6,240,000
Est. payment | /mo
Save

29 Beds

33 Baths

21,122 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 21,122 sqft

Price per Sqft $295

MLS Listing ID 26995777

Bedrooms 29

Year Built 1955

Lot Size 0.411 Acres

Acres 0.4112

Property Sub-Type Multi-Family

Property Description

First time on the market in over 43 years, this 32-unit apartment community is ideally located in prime Hollywood between Hollywood Boulevard and Sunset Boulevard, just blocks from Los Feliz. Built in 1955, the property spans approximately 21,122 square feet on a 17,906 square foot lot and features a secured entrance, 32 individual parking spaces, a spacious central courtyard, and an on-site pool that enhance tenant appeal. Offered at a 6.2% cap rate with approximately 34% rental upside, the asset presents a compelling value-add opportunity. Recent improvements include new windows, a newer roof, and an updated electrical system. Additional upside may be realized through the potential conversion of the existing non-conforming studio into an ADU (buyer to independently verify feasibility and permitting). The property also includes an on-site community laundry facility with three washers and three dryers and benefits from a highly desirable Hollywood location surrounded by popular dining, nightlife, new retail developments, major employment centers, and convenient transportation options.

Location

State CA

County Los Angeles

Area Hollywood

Zoning LARD1.5

Rooms

Other Rooms None

Interior

Heating None

Cooling None

Equipment None

Exterior

Parking Features Carport

Garage Spaces 32.0

Building

Level or Stories Multi/Split

Others

Special Listing Condition Standard

TheMLS (CLAW)
Listed by Lyon Stahl Investment Real Estate, Inc.

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5110 Harold Way