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$1,699,000
Address Hidden
4,471
Square Feet
Eyal Melamed
Excellent investment opportunity in Hollywood! 10-unit multifamily property consisting of six 1-bedroom/1-bath units and four studio units. Current projected gross income approximately $165,300 annually, including laundry income. Unit 6 is currently vacant, providing immediate upside potential. Five units fully renovated, three partially renovated, and two in original condition.
Property operates as a 10-plex with seven electric meters. Corner lot of approximately 10,000 SF offers potential future redevelopment opportunities. Strong tenant demand area with convenient access to major highways, shopping, dining, and employment centers.
Projected NOI approximately $106,684 with an estimated cap rate of 6.28% based on projected income and expenses. Buyer to verify all income, expenses, zoning, measurements, and redevelopment potential. Financials, rent roll, and leases available upon request.
Offered By
Eyal Melamed, ISRAM Realty & Management
Property Details
Property Type
Commercial Sale
Status
Active
Property Sub Type
Income/MultiFamily
Square Feet
4,471
MLS #
A12025025
Year Built
1959
PARKING SPACES
11
Parking Features
Assigned
TAX AMOUNT
21434.0
LATEST UPDATE
2026-06-03T20:51:51.062Z
DAYS ON MARKET
1
PRICE CHANGE(S)
$1,699,000 Jun 3, 2026
Property Details
Property Type
Commercial Sale
Status
Active
Property Sub Type
Income/MultiFamily
Square Feet
4,471
MLS #
A12025025
New Properties On Market
12,668
33%
Increase In New Listings
Average Asking Price
$547,157
$126,095 Decrease In Avg Asking Price
Average Asking Price / Sq. Ft.
$185
$69 Decrease In List Price/Sq. Ft.
Average Days On Market
6
14 Day
Decrease In Days On Market
Data as of Jun 04, 2026.
Remaining statistics above are calculated on activity within the period from Apr 01, 2026 to May 31, 2026.
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IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.