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Multifamily

6611 Leland Way

6611 Leland Way, Los Angeles, CA 90028

Listing Price: $3,800,000

Cap Rate
4.54%
Number of Units
4
GRM
15.83
Occupancy
97.0%
Price/Unit
$950,000
Price/Gross SF
$595.24
Gross SF
6,384

Investment Overview

Marcus & Millichap is pleased to present 6611 Leland Way, a 2020 newly constructed 4-unit apartment building located in the heart of Hollywood.

Situated right off of Sunset Blvd between Highland and Cahuenga, this multifamily property sits on a 6,643 SF lot and provides 6,384 of rentable SF. Offering a diverse unit mix of one (1) two bedroom / two bathrooms, one (1) three bedroom / three bathroom, and two (2) four bedrooms / three & half bathrooms, all of which offer a large and spacious floor plan with an abundance of natural light, along with wood flooring and in-unit washer and dryers.

With a Walk Score of 98, the property offers tenants the convenience of being within close proximity of popular restaurants, grocery stores, and high end entertainment; furthermore, tenants are just a quick car ride away from popular tourist destinations such as the Kodak Theatre, Hollywood Walk of Fame and the World Famous Sunset strip.

This building is an excellent opportunity for an investor looking to acquire a passive investment with low maintenance and high cash flow, and would also be ideal for a buyer looking to live on premises.

Investment Highlights

  • 4-unit building in the heart of Hollywood
  • Excellent location with a 98 Walk Score
  • Passive Investment
  • In-unit washer and dryers
  • Great opportunity for owner/user
  • Large and spacious floor plans

Exclusively Listed By

Listing Price: $3,800,000

Cap Rate
4.54%
Number of Units
4
GRM
15.83
Occupancy
97.0%
Price/Unit
$950,000
Price/Gross SF
$595.24
Gross SF
6,384

Investment Highlights

  • 4-unit building in the heart of Hollywood
  • Excellent location with a 98 Walk Score
  • Passive Investment
  • In-unit washer and dryers
  • Great opportunity for owner/user
  • Large and spacious floor plans

Investment Overview

Marcus & Millichap is pleased to present 6611 Leland Way, a 2020 newly constructed 4-unit apartment building located in the heart of Hollywood.

Situated right off of Sunset Blvd between Highland and Cahuenga, this multifamily property sits on a 6,643 SF lot and provides 6,384 of rentable SF. Offering a diverse unit mix of one (1) two bedroom / two bathrooms, one (1) three bedroom / three bathroom, and two (2) four bedrooms / three & half bathrooms, all of which offer a large and spacious floor plan with an abundance of natural light, along with wood flooring and in-unit washer and dryers.

With a Walk Score of 98, the property offers tenants the convenience of being within close proximity of popular restaurants, grocery stores, and high end entertainment; furthermore, tenants are just a quick car ride away from popular tourist destinations such as the Kodak Theatre, Hollywood Walk of Fame and the World Famous Sunset strip.

This building is an excellent opportunity for an investor looking to acquire a passive investment with low maintenance and high cash flow, and would also be ideal for a buyer looking to live on premises.

Exclusively Listed By

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