5814 VIRGINIA AVE, Los Angeles, CA 90038, photo 1 of 5
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5814 VIRGINIA AVE Los Angeles, CA 90038

$995,000

Listed By Max Berger, Compass

2

Bedrooms

4

Total Baths

Full Baths

2,263

Square Feet

0.17

Acres

1928

Year Built

Pending

Status

MLS#

22-221405

5814 Virginia is priced to sell and is the cheapest fourplex on the market in Hollywood. Please note, the seller is extremely motivated and looking to close by year end. This value-add property in Hollywood offers a solid in-place 4.54% CAP rate with the opportunity for 44% rental upside. Located just north of Santa Monica Blvd. (between Gower St. & Van Ness Ave.), 5814 Virginia is centrally located to several neighborhood thoroughfares filled with an array of independent businesses, major Hollywood employers (Sunset Gower Studios, Paramount, Netflix, Hollywood Presbyterian, CHLA) and a city college (LACC). The property is comprised of (2) 1-bdrm. units and (2) studio units, residing on a 7,500 SF lot, that currently generates approx. $5,700+ in gross monthly income. Based on renovated units in the area, we believe the future owner could generate approx. $7,600+ in gross monthly income and operate the fourplex at a 6.71% market CAP and 10.77 market GRM. Additional property amenities include (4) 1-car garages and a community laundry room.

Details for 5814 VIRGINIA AVE

Year Built
1928
Parking
4
Price / Sq Ft
$440
HOA
No Info
Cooling
Yes
Heating
Yes
On Website
5 Days
Acres
0.1722

Price per square foot and days on website are not provided values and are calculated by RE/MAX.

Listing Office Compass, 310-230-5478

MLS# 22-221405

Updated 5:09AM - 12/4/2022

Listing Agent Max Berger, 818-321-4972

The multiple listings information is provided by The MLS/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2022 The MLS/CLAW. All Rights Reserved. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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