Multifamily
6705 De Longpre Ave
6705 De Longpre Ave, Los Angeles, CA 90028
Listing Price: $3,750,000
Cap Rate
5.45%
Number of Units
20
GRM
10.48
Price/Unit
$187,500
Price/Gross SF
$414.09
Gross SF
9,056
Investment Overview
The Azzi Group of Marcus & Milichap is pleased to present the opportunity to acquire 6705 De Longpre Ave, a 20-unit multifamily apartment building in the Hollywood submarket of Los Angeles, CA 90028.
Investment Highlights
- Offered at $3.75 million ($187,500/unit), the 20-unit studio community presents an attractive basis in one of Los Angeles' most established multifamily submarkets.
- Highly walkable to both iconic Sunset Boulevard and Hollywood Boulevard, providing tenants with immediate access to nearby coffee shops, dining, and shopping.
- Ownership has completed key upgrades, including new electrical panels and new community laundry machines, helping reduce future capital expenditures.
Exclusively Listed By
Listing Price: $3,750,000
Cap Rate
5.45%
Number of Units
20
GRM
10.48
Price/Unit
$187,500
Price/Gross SF
$414.09
Gross SF
9,056
Investment Highlights
- Offered at $3.75 million ($187,500/unit), the 20-unit studio community presents an attractive basis in one of Los Angeles' most established multifamily submarkets.
- Highly walkable to both iconic Sunset Boulevard and Hollywood Boulevard, providing tenants with immediate access to nearby coffee shops, dining, and shopping.
- Ownership has completed key upgrades, including new electrical panels and new community laundry machines, helping reduce future capital expenditures.
Investment Overview
The Azzi Group of Marcus & Milichap is pleased to present the opportunity to acquire 6705 De Longpre Ave, a 20-unit multifamily apartment building in the Hollywood submarket of Los Angeles, CA 90028.
Exclusively Listed By