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Seller finally says Sell! Over a $1M price reduction ! 5.25 cap with significant upside and room to convert the recreation rooms into two ADU's. Trophy Value Add Muti-family Investment opportunity in a Prime Hollywood Hills area of Los Angeles, CA.This Property has been in same family for over 40 years. Rents are 35 % below market ! The Market Cap Rate is over 8% with a 9 x GRM. Property has an inviting lobby - large pool- elevator - room to add multiple ADU's , a gym and a roof top deck. The property was built in 1965 but completely renovated in the 1980s. Units have central A/C . Walk score is 94. Premiere hiking trails nearby as well as Hollywood and Sunset Blvd eateries and shops.This is an amazing rental area -one of the most trendy, desirable and walkable neighborhoods in LA.Metro line is only a 15 min walk away and centrally located with Easy access to 101 freeway , Downtown and the San Fernando Valley. There is a tremendous amount of development and job availability in the immediate area.Netflix, Sunset Gower Studios, Nickelodeon, Capital Records within a 10 min drive. This property is surrounded by condos and an astute buyer can take this property to the next level with some cosmetic upgrades.
| DAYS ON MARKET | 513 | LAST UPDATED | 3/11/2026 |
|---|---|---|---|
| YEAR BUILT | 1965 | COMMUNITY | C20 - Hollywood |
| COUNTY | Los Angeles | STATUS | Active |
| PROPERTY TYPE(S) | Residential Income |
| PRICE HISTORY | |
| Prior to Oct 23, '24 | $17,300,000 |
|---|---|
| Oct 23, '24 - Oct 20, '25 | $18,500,000 |
| Oct 20, '25 - Jan 26, '26 | $17,700,000 |
| Jan 26, '26 - Mar 11, '26 | $16,950,000 |
| Mar 11, '26 - Today | $16,495,000 |
| ADDITIONAL DETAILS | |
| APPLIANCES | Disposal |
|---|---|
| AREA | C20 - Hollywood |
| HEAT | Electric, Heat Pump |
| LOT | 0.6228 acre(s) |
| LOT DIMENSIONS | 170x160 |
| PARKING | Underground |
| STORIES | 3+ |
| STYLE | Contemporary |
| VIEW | Yes |
| VIEW DESCRIPTION | Park/Greenbelt |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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