MidCenturyModern
5727 Virginia Avenue
Los Angeles , CA 90038
MLS#: 25523391
$2,100,000
Property
Beds
10
Full Baths
None
1/2 Baths
None
Year Built
1964
Sq.Footage
6,544
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.
Features & Amenities
Interior
-
Total Bedrooms
10
Area & Lot
-
Lot Size(acres)
0.1722
-
Property Type
Residential Income
-
Architectural Style
MidCenturyModern
Exterior
-
Garage
No
-
Construction Materials
Stucco
-
Parking
Attached, Attached Carport, Assigned, Covered
Financial
-
Sales Price
$2,100,000
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Location
County
Los Angeles
Elementary School
Middle School
High School
Listing Courtesy of William James , Lyon Stahl Investment Real Estate, Inc.
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