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Multifamily

5324 Monroe St

5324 Monroe St, Los Angeles, CA 90038

Listing Price: $1,645,000

Cap Rate
4.09%
Number of Units
8
Price/Unit
$205,625
Price/Gross SF
$447.01
Gross SF
3,680

Investment Overview

The Azzi Group of Marcus and Millichap, as the exclusive listing agent is pleased to present the opportunity to acquire 5324 Monroe Street, an eight-unit multifamily investment opportunity located in the supply constrained 90038 zip code of Los Angeles, CA. The property features 3,680 square feet of gross rentable area, situated on a 2,999-square foot lot. The eight-unit building is composed of all studio/one-bathroom units. The building is well-maintained and has recently undergone an extensive remodel including new roof, new landscaping, new wood gates, new exterior paint and a complete repipe throughout the building. The property is situated in one of the trendiest locations in Los Angeles, sitting just south of Hollywood, which has emerged as the epicenter of content and media in the entertainment industry. More than one million square feet of new office space has been delivered in the past few years and has been immediately absorbed by prominent employers such as Netflix and Viacom, bringing thousands of high-paying jobs to the area. With more than one million square feet scheduled to be delivered in the coming years, strong job creation is expected to continue, furthering the demand for luxury housing in surrounding neighborhoods such as Los Feliz and Silver Lake. Due to the property’s premier location, 5324 Monroe Street offers a unique opportunity to any investor looking to acquire a well-maintained asset in one of L.A’s trendiest neighborhoods.

Investment Highlights

  • Property has Recently Undergone an Extensive Renovation Including New Roof, New Exterior Paint, New Landscaping, New Wood Gates and a Full Repipe Throughout.
  • Easy Access to the 101 Freeway!
  • Separately Metered for Gas and Electric!
  • Walkscore.com Rates 5324 Monroe Avenue a Walker's Paradise: Daily Errands do not Require a Car.
  • Walking Distance to Santa Monica Boulevard, Melrose Avenue and Western Avenue Offering Countless Coffee Shops, Restaurants, Shopping and Dining Options.

Exclusively Listed By

Financing By

Listing Price: $1,645,000

Cap Rate
4.09%
Number of Units
8
Price/Unit
$205,625
Price/Gross SF
$447.01
Gross SF
3,680

Investment Highlights

  • Property has Recently Undergone an Extensive Renovation Including New Roof, New Exterior Paint, New Landscaping, New Wood Gates and a Full Repipe Throughout.
  • Easy Access to the 101 Freeway!
  • Separately Metered for Gas and Electric!
  • Walkscore.com Rates 5324 Monroe Avenue a Walker's Paradise: Daily Errands do not Require a Car.
  • Walking Distance to Santa Monica Boulevard, Melrose Avenue and Western Avenue Offering Countless Coffee Shops, Restaurants, Shopping and Dining Options.

Investment Overview

The Azzi Group of Marcus and Millichap, as the exclusive listing agent is pleased to present the opportunity to acquire 5324 Monroe Street, an eight-unit multifamily investment opportunity located in the supply constrained 90038 zip code of Los Angeles, CA. The property features 3,680 square feet of gross rentable area, situated on a 2,999-square foot lot. The eight-unit building is composed of all studio/one-bathroom units. The building is well-maintained and has recently undergone an extensive remodel including new roof, new landscaping, new wood gates, new exterior paint and a complete repipe throughout the building. The property is situated in one of the trendiest locations in Los Angeles, sitting just south of Hollywood, which has emerged as the epicenter of content and media in the entertainment industry. More than one million square feet of new office space has been delivered in the past few years and has been immediately absorbed by prominent employers such as Netflix and Viacom, bringing thousands of high-paying jobs to the area. With more than one million square feet scheduled to be delivered in the coming years, strong job creation is expected to continue, furthering the demand for luxury housing in surrounding neighborhoods such as Los Feliz and Silver Lake. Due to the property’s premier location, 5324 Monroe Street offers a unique opportunity to any investor looking to acquire a well-maintained asset in one of L.A’s trendiest neighborhoods.

Exclusively Listed By

Financing By

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