8
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$6,240,000
Est. payment /mo
29 Beds
33 Baths
21,122 SqFt
New
5110 Harold WAY Los Angeles, CA 90027
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 21,122 sqft
Price per Sqft $295
MLS Listing ID 26995777
Bedrooms 29
HOA Y/N No
Year Built 1955
Lot Size 0.411 Acres
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 C20 - Hollywood
Zoning LARD1.5
Interior
Heating None
Cooling None
Fireplace No
Exterior
Parking Features Carport
Total Parking Spaces 32
Building
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5544014015
Special Listing Condition Standard
Listed by Sean Namigohar Lyon Stahl Investment Real Estate, Inc. #01949705
NEARBY SCHOOL & BUSINESS