7200 Hollywood

    Los Angeles (City), CA 90046
    • $12,925,000
    • STATUS: Active
    • ON SITE: 76 days
    • ID#: 18351042
    UPDATED: 39 min ago
    $12,925,000
    • 0
      BEDS
    • 0.48
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 23,897
      SQFT
    • $541
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1953
    County:

    School Ratings & Info

    Description

    7200 Hollywood Blvd. is a forty-four (44) unit multi-family property located on the corner of N. Formosa Avenue and Hollywood Blvd. The property consists of four (4) bachelors, twenty-five (25) studios and fifteen (15) 1 BR + 1 Bath units. The apartment building comes with gated parking and a courtyard with a pool. The current rents are below market with approximately 35% upside in its current rents. The property is within a 1/2 mile of the famous El Capitan Theatre and Roosevelt Hotel. The property can be purchased individually as a stand alone 44 unit property, or as part of the four (4) property Hollywood Blvd. portfolio; 7504 Hollywood Blvd., 7407 Hollywood Blvd., and 7451 Hollywood Blvd.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-08-20T13:26:23.527. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/84245105

    7200 Hollywood Los Angeles (City), CA 90046

    • Price: $12,925,000
    • Status: Active
    • Updated: 39 min ago
    • ID#: 18351042
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.48
    Acres
    23,897
    SQFT
    $541
    $/SQFT
    1953
    Built
    Neighborhood:
    C20 - Hollywood
    County:
    Los Angeles
    Area:
    C20 - Hollywood
    Property Description
    7200 Hollywood Blvd. is a forty-four (44) unit multi-family property located on the corner of N. Formosa Avenue and Hollywood Blvd. The property consists of four (4) bachelors, twenty-five (25) studios and fifteen (15) 1 BR + 1 Bath units. The apartment building comes with gated parking and a courtyard with a pool. The current rents are below market with approximately 35% upside in its current rents. The property is within a 1/2 mile of the famous El Capitan Theatre and Roosevelt Hotel. The property can be purchased individually as a stand alone 44 unit property, or as part of the four (4) property Hollywood Blvd. portfolio; 7504 Hollywood Blvd., 7407 Hollywood Blvd., and 7451 Hollywood Blvd.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Cooling See Remarks Cooling YN Yes Laundry Features See Remarks

    Property Features

    Cap Rate 3.39 Gross Multiplier 16.54 Gross Operating Income 781286.00 Improvements Amount 4276841 Land Value 4276841 Laundry YN Yes Net Operating Income 438797.00 Special Listing Conditions Standard Total Expenses 319050.00 Zoning Lar3

    Listing provided courtesy of Errol Spiro of Miller & Desatnik Realty Co..


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-08-20T13:26:23.527. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
    Team Tami | Palm Realty Boutique
    7101 Playa Vista Dr.
    Playa Vista CA, 90094