Description
We are proud to present this one-of-a-kind investment opportunity with two properties on one parcel! This mixed-use parcel has an eight-unit apartment complex as well as a commercial office/retail building. The eight-unit apartment complex has a total of 3 two bed apartments, 4 one bed apartments, and 1 studio apartment. All the units are in great condition and provide a very consistent income flow. The neighboring commercial building has a total of 6 storefronts on the first level and 13 offices directly above. The substantial foot traffic that Hollywood Blvd. generates make this a prime location for any business as well as a fantastic place to live due to the abundance of nearby amenities. Lastly, there is highly profitable billboard atop the property with virtually no maintenance providing yet another easy source of revenue to the deal. Total building sqft is approximately 19,636 and sits on an estimated 15,011 sqft lot. This mixed-use parcel and the neighboring listing at 5601 Hollywood Blvd. (MLS# PW22054626) are part of a package deal with the option to be sold separate of one another. Split pricing will be $5.5 million for this mixed-use parcel and $8.5 million for the motel next door. Buyer must comply with the sellers' 1031 exchange. Please call with any questions or requests for additional information.
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0BEDS
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0.34ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
We are proud to present this one-of-a-kind investment opportunity with two properties on one parcel! This mixed-use parcel has an eight-unit apartment complex as well as a commercial office/retail building. The eight-unit apartment complex has a total of 3 two bed apartments, 4 one bed apartments, and 1 studio apartment. All the units are in great condition and provide a very consistent income flow. The neighboring commercial building has a total of 6 storefronts on the first level and 13 offices directly above. The substantial foot traffic that Hollywood Blvd. generates make this a prime location for any business as well as a fantastic place to live due to the abundance of nearby amenities. Lastly, there is highly profitable billboard atop the property with virtually no maintenance providing yet another easy source of revenue to the deal. Total building sqft is approximately 19,636 and sits on an estimated 15,011 sqft lot. This mixed-use parcel and the neighboring listing at 5601 Hollywood Blvd. (MLS# PW22054626) are part of a package deal with the option to be sold separate of one another. Split pricing will be $5.5 million for this mixed-use parcel and $8.5 million for the motel next door. Buyer must comply with the sellers' 1031 exchange. Please call with any questions or requests for additional information.
Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-21T20:35:15.847. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Cochren Realty Team | Just Listed So Cal. Licensed in the State of California, USA.