Just Sold: 5727 Virginia Ave, 11 Units in Hollywood

The James Group is pleased to announce the sale of 5727 Virginia Ave, an 11 unit apartment building in Hollywood, closed at $1,650,000.

Located just north of Santa Monica Blvd and west of Wilton, the 1964 building offered a diverse mix of five studios, three one bedroom, two two bedroom, and one three bedroom unit across 6,544 square feet on a 7,500 square foot LAR3 lot. With more than 30% upside in rents and the Echelon Studios development nearby, the property attracted value-add investors focused on Hollywood’s continued growth.

If you own a building in Hollywood and want to know what today’s buyers would pay for it, reach out for a free, confidential valuation.