5727 Virginia Avenue Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90038
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,544 sqft
Price per Sqft $320
MLS Listing ID CL25523391
HOA Y/N No
Year Built 1964
Lot Size 7,502 Sqft
Acres 0.17
Property Sub-Type Other
Property Description
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.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Utilities Available Other Water/Sewer
View Y/N true
View City Lights
Building
Water Other
New Construction No
Others
Tax ID 5536006008