Under Contract

5640 Santa Monica Boulevard

Los Angeles, CA 90038
Mark as Favorite
Bed 0

Bed

Bath 0

Bath

SqFt57,664

Sqft

SqFt18,871

Sqft(Lot)

Introducing a prime investment opportunity in the heart of Hollywood! Located at 5640 Santa Monica Blvd, Los Angeles, CA 90038, this historic1927 property offers a unique blend of vintage charm and modern amenities. Comprising 177 units (176 studios and 1 one-bedroom, one bathroom),4 retail spaces, and a billboard, this mixed-use building presents significant income potential. Residents enjoy newly renovated units featuring granite countertops, charming kitchenettes, two-tone painted interiors, new black appliances, city views, cable readiness, window coverings, open floor plans, large windows for natural light, and ceiling fans. Community amenities include controlled access, parking for an additional fee, resident package retrieval lockers, bicycle parking, an elevator, off-street parking , on-site maintenance and management, public transportation access, recycling, and on-site retail stores. The building's prime location puts residents in close proximity to popular dining destinations like La Fonda Antioquena, Dave's Hot Chicken, Jitlada Restaurant, and Canter's Deli. Entertainment and cultural attractions abound, including The Hollywood Museum, Paramount Theatre, Barnsdall Art Park, and the American Cinematheque. Shopping and entertainment options are readily available at Ovation Hollywood, West Hollywood Gateway, Catalina's Supermarket, and Pavilions. The property is also conveniently located near major employers like Paramount Pictures Studio Tour and esteemed educational institutions such as Joseph Le Conte Middle School, STEM Academy Of Hollywood, Bernstein High School, and Hollywood Elementary School. This is a rare chance to own a piece of Hollywood history with exceptional potential for growth. Directly across from the subject property, the transformative Echelon Studios development is taking shape, a $450-million project by Bardas Investment Group and Bain Capital Real Estate. Spanning a full city block at 5601 Santa Monica Blvd, this state-of-the-art studio complex will feature nearly 500,000square feet of production studios and support space, alongside creative offices and retail, with completion slated for 2026. This cutting-edge campus, replacing a former Sears site, is poised to elevate the area's profile as a hub for entertainment and innovation, enhancing the value and appeal of nearby properties.

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Detail Ic Property Details

Property Type : Residential Income

Price : $24,000,000

AD Id : 63483744

MLS Id : 25515065

Lot Size : 18,871 Sqft

Living Area Size : 57,664

Year Built : 1927

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total Bedrooms: 0

    Bathroom Information

    Total Baths: 0 Full Baths: 0 Half Baths: 0
  • Cooling Features

    Wall/Window Unit(s) Air Conditioning

    Heating Source

    Wall Furnace Has Heating

  • Building Information

    Year Built: 1927 Building Area Total: 57,664

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.4332
  • Lot Size Source: Vendor Enhanced Lot Size Square Feet: 18871

  • Listing Price Information

    Original List Price: 24,000,000 Listing Contract Date: 2025-03-21
  • Lease Information

    Listing Agreement: Seller Reserved

  • Tax Information

    Parcel Number: 5536018022

  • Garage and Parking

    Garage Description: None

    Homeowners Association

  • Other Property Info

    Source Listing Status: Active Under Contract Source Neighborhood: C20 - Hollywood Directions: Located between Van Ness Ave and Western Ave Zoning: LAC2 Source Property Type: Residential Income Area: C20 - Hollywood
  • Building and Construction

    Property Age: 99 Year Built Source: Vendor Enhanced Total Square Feet Living: 57664 Levels or Stories: Multi/Split
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
5522 Lexington Avenue, Los Angeles, CA, 90038 $1,500,000 8 -- 6,130 6,130 SqFt
5516 Virginia Avenue, Los Angeles, CA, 90038 $3,350,000 21 -- 11,550 11,550 SqFt
5633 La Mirada Avenue, Los Angeles, CA, 90038 $1,499,000 9 -- 3,884 3,884 SqFt
5412 Barton Avenue, Los Angeles, CA, 90038 $995,000 2 1 1,368 1,368 SqFt
5416 Barton Avenue, Los Angeles, CA, 90038 $800,000 3 1 1,615 1,615 SqFt
5436 Romaine Street, Los Angeles, CA, 90038 $3,699,999 21 -- 9,437 9,437 SqFt
5526 Sierra Vista Avenue, Los Angeles, CA, 90038 $1,150,000 6 -- 3,275 3,275 SqFt
1059 N Wilton Place, Los Angeles, CA, 90038 $939,000 3 2 1,272 1,272 SqFt
5430 Monroe Street, Los Angeles, CA, 90038 $1,499,000 4 -- 2,200 2,200 SqFt
1220 N Van Ness Avenue, Los Angeles, CA, 90038 $1,635,000 11 -- 6,480 6,480 SqFt

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ByOwner last updated this listing 06/22/2026 @ 08:54

MLS: 25515065 LISTED BY: Jeffrey Louks, Marcus & Millichap 818-212-2700 SOURCE: CRMLS

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