Executive Summary

The Neema Group of Marcus & Millichap is pleased to present 5200 Hollywood Blvd, a 20-unit multifamily investment opportunity located on the corner of Hollywood Blvd & N Kingsley Dr, a central location on the border of Los Feliz and East Hollywood

The property features a unit mix of 12 singles and 8 one bedrooms; four singles will be delivered vacant; renovated units include new cabinetry, vinyl-plank flooring, stainless-steel appliances, tile bathrooms, new paint, and wall AC’s; ownership has spent $397k on interior unit renovations since 2021

At the asking price, the property is being offered at a 5.43% CAP rate at 10.61 GRM on current income with an additional 10% rental upside achievable as units turn through continued interior renovations

There is significant additional income with RUBS in place, as well as internet service

The property has a secured, gated entrance with intercom access

High Walk Score of 92, the property is walking distance to the Metro B Rail Line, and multiple Metro Local Lines along Hollywood Blvd

The property is ideally located with a short commute to Hollywood, Silver Lake, Echo Park, Koreatown, and Downtown Los Angeles