5727 Virginia presents an opportunity for investors to acquire a value-added 11 unit apartment offering in a great Hollywood location that will offer rent growth and upside in an area that will continue to see tremendous growth.
We are pleased to present 5727 Virginia Ave, an 11 unit offering in a prime Hollywood location just north of Santa Monica Blvd and west of Wilton in a pocket of Hollywood that has seen tremendous growth. The subject property was built in 1964 and boasts and excellent unit mix consisting of (5) Studio, 1 Bath, (3) 1 Bed, 1 Bath, (2) 2 Bed, 1 Bath and (1) 3 Bed, 1 Bath units spread out over 6,544 square feet. The building sits on a 7,500 square foot lot that is zoned LAR3.
With over 30% upside in rents, the investment offers investors the opportunity to capitalize on a market that is continuing to see tremendous growth and development, with trendy bars, restaurants, and shopping surrounding the area. Notably, the property is near major developments like Echelon Studios, a cutting-edge entertainment village featuring 90,000 square feet of production facilities and creative office space. This strategic location positions 5727 Virginia Ave for strong future appreciation and investment growth.
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