Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

12

Building size

6,508 sqft

Lot size

6,503 sqft

Year built

1955

Stories

0

Status

Active

Days on market

8

MLS #

248172261

About this property

We are pleased to present a twelve (12) unit apartment building located at 6137 Eleanor Ave in Los Angeles, California. The subject property is located in a prime Hollywood location, just south of Santa Monica Blvd and west of Gower St. Located in prime Hollywood, this multifamily property offers approximately 65% potential rental upside and a unit mix comprising one guest unit, two studios, eight one-bedroom units, and one two-bedroom unit. Built by the seller's family, the property features a completed soft-story retrofit, a 2005 copper re-pipe, and new electrical subpanels. Mature landscaping provides shade, privacy, and curb appeal. Four rear tuck-under parking spaces may present ADU conversion opportunities, subject to feasibility and approvals. Residents benefit from convenient access to the 101 Freeway and commercial corridors along Santa Monica, Gower, Vine, and Cahuenga. Nearby amenities include Hollywood Recreation Center, Larchmont Village, and Hollywood's diverse selection of restaurants, shops, and entertainment venues throughout the surrounding neighborhood. With approximately 65% potential rental upside, completed capital improvements, mature landscaping, and potential ADU conversions, the property presents a compelling value-add opportunity in prime Hollywood. ***PLEASE NOTE: Property is part of a 9-building portfolio. Building may be sold individually or as a portfolio.

Location

6137 Eleanor Avenue

Los Angeles, Los Angeles, CA, 90038