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Multifamily

The De Longpre Portfolio

6220 De Longpre Ave, Los Angeles, CA 90028

Listing Price: Request For Offer

Number of Units
8

Investment Overview

Marcus and Millichap is proud to exclusively present for purchase the De Longpre Portfolio, three contiguous multifamily properties, located at 6210-6220 De Longpre Avenue; an A+ location, in the heart of Hollywood. This truly unique multifamily investment opportunity is nestled just East of Vine Street and South of the famed Sunset Boulevard. This location has a stellar Walk Score of 95 and considered a Walker’s Paradise, where daily errands do not require a car and residents are walking distance to many places for dining, shopping, and entertainment. It’s also just an 11-minute walk to the Metro B Line (Red) at the Hollywood / Highland Station stop. There is easy access from this location to the Hollywood Hills, West Hollywood, Silver Lake and Los Feliz and easy access to the 101 Freeway. The De Longpre Portfolio features a total of eight (8) spacious units, all of which are 2 bedroom/1 bathroom. The offering consists of two (2) duplexes built in 1920 and one (1) fourplex built in 1917. Combined footprint of these properties total to 9,360 SF of improvements. All units contain dishwashers, in unit washers & dryers, ceiling fans, fireplaces, tyle flooring in the kitchens, and hard wood floors in living areas. Select units have private balconies and access to open patios. Each resident benefits from secured entry and sixteen secured parking spaces behind properties. Two units can be delivered vacant at close of escrow. All three lots boast a total of 20,275 SF of zoned R3-1XL in Tier 3. The properties are within the Historic Preservation Overlay but may have a possibility for a 45-unit redevelopment. This offering will appeal to any seasoned investor and/or developer who is looking for a trophy property in Hollywood with existing cashflow with the prospect of a larger redevelopment as a potential exist strategy. Properties can be sold together or individually with a provision to close escrow at the same time.

Investment Highlights

  • 12-27% Value Add Potential
  • Located in Opportunity Zone
  • Easy Access to High Profile Employers

Exclusively Listed By

Financing By

Multifamily

The De Longpre Portfolio

Investment Highlights

  • 12-27% Value Add Potential
  • Located in Opportunity Zone
  • Easy Access to High Profile Employers

Investment Overview

Marcus and Millichap is proud to exclusively present for purchase the De Longpre Portfolio, three contiguous multifamily properties, located at 6210-6220 De Longpre Avenue; an A+ location, in the heart of Hollywood. This truly unique multifamily investment opportunity is nestled just East of Vine Street and South of the famed Sunset Boulevard. This location has a stellar Walk Score of 95 and considered a Walker’s Paradise, where daily errands do not require a car and residents are walking distance to many places for dining, shopping, and entertainment. It’s also just an 11-minute walk to the Metro B Line (Red) at the Hollywood / Highland Station stop. There is easy access from this location to the Hollywood Hills, West Hollywood, Silver Lake and Los Feliz and easy access to the 101 Freeway. The De Longpre Portfolio features a total of eight (8) spacious units, all of which are 2 bedroom/1 bathroom. The offering consists of two (2) duplexes built in 1920 and one (1) fourplex built in 1917. Combined footprint of these properties total to 9,360 SF of improvements. All units contain dishwashers, in unit washers & dryers, ceiling fans, fireplaces, tyle flooring in the kitchens, and hard wood floors in living areas. Select units have private balconies and access to open patios. Each resident benefits from secured entry and sixteen secured parking spaces behind properties. Two units can be delivered vacant at close of escrow. All three lots boast a total of 20,275 SF of zoned R3-1XL in Tier 3. The properties are within the Historic Preservation Overlay but may have a possibility for a 45-unit redevelopment. This offering will appeal to any seasoned investor and/or developer who is looking for a trophy property in Hollywood with existing cashflow with the prospect of a larger redevelopment as a potential exist strategy. Properties can be sold together or individually with a provision to close escrow at the same time.

Exclusively Listed By

Financing By

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