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Multifamily

Hillpointe Apartments

2330 N Cahuenga Blvd, Los Angeles, CA 90068

Listing Price: $12,500,000

Cap Rate
3.85%
Number of Units
30
GRM
15.30
Occupancy
95.0%
Price/Unit
$416,667
Price/Gross SF
$467.90
Gross SF
26,715

Investment Overview

Marcus & Millichap is pleased to present The Hillpointe Apartments, a trophy 30 unit investment opportunity in the highly sought-after
Hollywood Dell neighborhood. The subject property is comprised of an excellent unit mix of (10) 1 bed / 1 bath, (2) 1 bed / 1 bath + loft, (13) 2
bed / 2 bath, and (5) 2 bed / 2 bath + loft units. This unique investment opportunity is located in the true entertainment
capital the world and features significant rental upside, excellent walkability, and convenient access to the 101 freeway and the metro red line.

Investment Highlights

  • Prime 30 unit value add apartment building
  • Significant potential upside in rents
  • Excellent unit mix of 1 bed / 1 bath, 1 bed + loft, 2 bed / 2 bath, and 2 bed / 2 bat
  • Built in 1987 (not under LA city rent control - subject to AB 1482)
  • Excellent Frontage along Cahuenga Blvd and Visibility from the 101 freeway
  • Unique amenities, including an on-site gym, outdoor living, on-site laundry and barbe

Exclusively Listed By

Listing Price: $12,500,000

Cap Rate
3.85%
Number of Units
30
GRM
15.30
Occupancy
95.0%
Price/Unit
$416,667
Price/Gross SF
$467.90
Gross SF
26,715

Investment Highlights

  • Prime 30 unit value add apartment building
  • Significant potential upside in rents
  • Excellent unit mix of 1 bed / 1 bath, 1 bed + loft, 2 bed / 2 bath, and 2 bed / 2 bat
  • Built in 1987 (not under LA city rent control - subject to AB 1482)
  • Excellent Frontage along Cahuenga Blvd and Visibility from the 101 freeway
  • Unique amenities, including an on-site gym, outdoor living, on-site laundry and barbe

Investment Overview

Marcus & Millichap is pleased to present The Hillpointe Apartments, a trophy 30 unit investment opportunity in the highly sought-after
Hollywood Dell neighborhood. The subject property is comprised of an excellent unit mix of (10) 1 bed / 1 bath, (2) 1 bed / 1 bath + loft, (13) 2
bed / 2 bath, and (5) 2 bed / 2 bath + loft units. This unique investment opportunity is located in the true entertainment
capital the world and features significant rental upside, excellent walkability, and convenient access to the 101 freeway and the metro red line.

Exclusively Listed By

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