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5741 Virginia Avenue

Los Angeles, CA 90038
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Bed 20

Bed

Bath 21

Bath

SqFt11,599

Sqft

SqFt15,002

Sqft(Lot)

Available at only a 9.55 GRM based on current income and merely $190,238 per unit, the asset is priced attractively for a new investor. The current owner has thoroughly remodeled several units, while the exterior paint, roof coating, landscaping and driveway gate have all been recently updated. Select interiors have been upgraded with granite countertops, stainless steel appliances, wood flooring, new cabinets, and remodeled bathrooms. A new investor can enjoy strong cash flow free from any costly seismic retrofit repairs, as those have all been completed and filed with the city (Buyer to verify). Located near Sunset Boulevard, the property provides tenants with convenient access to several Hollywood destinations as well as the rest of the Los Angeles metro, via the nearby 101 Freeway. The exclusive Hancock Park neighborhood is only a few blocks southwest, while Koreatown and the Hollywood Walk of Fame are both nearby as well. The new 14-story ICON office tower, primarily leased to Netflix, was recently completed at the nearby Sunset Bronson Studios, while additional new construction is scheduled for Sunset Gower Studios, just one mile from the property. There, a joint venture between Hudson Pacific Properties and The Blackstone Group will be expanding the studio and office space, adding 620,000 square feet to the studio campus. The property is just north of Paramount Studios, the Hollywood Forever Cemetery, and Melrose Hill. The Melrose Hill neighborhood was recently named Los Angeles' Hottest Culinary Boom Town by Eater Los Angeles. Several exciting dining options have recently debuted in the immediate area, including Etra, Kuya Lord, Ggiata, Caf Telegrama, and Le Coupe. Tenants can look forward to even more culinary options in the near future, as Little Fish, Bar Etoile, and Holy Basil are slated to open as well.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $3,995,000

AD Id : 89044523

MLS Id : 26866075

Beds : 20

Lot Size : 15,002 Sqft

Living Area Size : 11,599

Year Built : 1967

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total beds: 20

    Bathroom Information

    Total Baths: 21

  • Building Information

    Year Built: 1967
    Building Area Total: 11599
    Stories: 2
    Private Pool: No

  • Lot Information

    Lot Dimensions: 100x150 Main Square Feet: 15002 Lot Size Acres: 0.3444 Lot Size Source: Assessor Lot Size Square Feet: 15,002

  • Listing Price Information

    Listing Price: $3995000

  • Tax Information

    Parcel Number: 5536006026

  • Location Information

    Direction: We are pleased to announce the opportunity to purchase 5741 Virginia Avenue, a 21-unit multifamily property located in the Hollywood district of Los Angeles, CA.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
5516 Virginia Avenue, Los Angeles, CA, 90038 $3,350,000 21 -- 11,550 11,550 SqFt
5540 Lexington Avenue, Los Angeles, CA, 90038 $2,225,000 8 -- 5,334 5,334 SqFt
1162 N St Andrews Place, Los Angeles, CA, 90038 $1,425,000 4 -- 3,024 3,024 SqFt
5633 La Mirada Avenue, Los Angeles, CA, 90038 $1,499,000 9 6 3,884 3,884 SqFt
5436 Romaine Street, Los Angeles, CA, 90038 $3,699,999 21 21 9,437 9,437 SqFt
5640 Santa Monica Boule.., Los Angeles, CA, 90038 $24,000,000 -- -- 57,664 57,664 SqFt
5732 Lexington Avenue, Los Angeles, CA, 90038 $1,849,000 8 8 6,652 6,652 SqFt
1059 N Wilton Place, Los Angeles, CA, 90038 $939,000 3 2 1,272 1,272 SqFt
1032 N Ridgewood Place, Los Angeles, CA, 90038 $1,100,000 4 -- 1,744 1,744 SqFt
5802 Lexington Avenue, Los Angeles, CA, 90038 $1,199,000 3 2 1,340 1,340 SqFt

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ByOwner last updated this listing 08/04/2026 @ 09:00

MLS: 26866075 LISTED BY: Roderick 'Rick' Raymundo, Marcus & Millichap 818-212-2700 SOURCE: CRMLS

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