Property Overview
Price/Rent PSF $ 5,295,000.00
Asset Type Multifamily
Trade Type Sale
SQ. FT. Available 12,856
Date Available 08/01/2019
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Floors 4
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Description

Location
Located on a quaint residential neighborhood in the prime Hollywood Hills just north of Franklin Blvd. corridor. Centrally located to provides Tenants with lively nightlife, exceptional eateries and coffee shops, retail shops, and easy access to the Hollywood freeway.

Sale
5935 Chula Vis Way is a 17 unit apartment building consisting of (10) 1 bedroom/1 bath, (6) Studios, and (1) penthouse 1 bed/2 bath plus den with an overall average of 750 SF per unit. Total building size is approximately 12,856 SF, situated on approximately 9,000 SF lot and is located on a quaint residential neighborhood in prime Hollywood Hills just north of the Franklin Boulevard corridor, this investment property offers Buyers an ideal value-add opportunity with approximately 30%+ upside from current rent through modernizing the interior kitchen, bath, and common corridors of the building. The property amenities offer Tenants an on-site laundry facility owned by the Seller, an elevator, rooftop deck with unobstructed views of Downtown Los Angeles, and lastly 17 secured/covered parking spaces that does not require any seismic retrofit.

Location