Maywood Property Group is pleased to present a rare opportunity to acquire a well- maintained 8-unit multifamily asset in the heart of Hollywood, one of Los Angeles' most iconic and evolving submarkets.The property features a highly desirable unit mix: (2) 2-bedroom, 2-bath, (1) 2- bedroom, 1-bath, and (5) 1-bedroom, 1-bath… Read More apartments - catering to a wide range of renter demand in a dense, amenity-rich location.The building is well maintained, having recently undergone a $90,000+ copper repipe upgrade in 2025, ensuring long-term operational durability for the next investor. With current ownership holding rents below market, there is clear income upside through natural tenant turnover, strategic rent increases, and monetizinglaundry operations.Additionally, the landlord presently leases several on-site parking spaces to off-site users, generating an extra $750/month in ancillary income.Located in a prime, walkable pocket of Hollywood (Walk Score 94), this property offers both strong in-place cash flow and long-term development potential on its 11,517 SF LAR3-zoned lot. Whether as a stable income-producing asset or a land- banked future redevelopment site, this offering presents a compelling investment opportunity in one of LA's most dynamic rental markets. Read Less
Courtesy of Maywood Property Group 310-650-9696
Listing Snapshot
Days Online
17
Last Updated
Property Type
Other
Beds
11
Square Ft.
6,533
Lot Size
0.26 Acres
Year Built
1957
MLS Number
25566669
30 Days Snapshot Of 90038
$815k
-2%
(avg) sold price
3
+50%
homes sold
61
-26%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Ceiling Fan, Garbage Disposal, Built-Ins, Cable, Vented Exhaust Fan
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