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    The Largest CRE Database in the US with Over 1 Million Listings

    1625 Cleveland St Hollywood, FL 33020

    Sponsored
    For Sale
    $1,050,000

    Residential Income,Substantially Remodeled,Triplex - Hollywood, FL

    Property size:
    2,208 SF
    Days on Market:
    6
    Last Refresh:
    Feb 27 at 11:06 am

    Property Features for 1625 Cleveland St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RM-12
    APN
    514210200100
    Parking
    2
    Size
    2,208 SF

    Utilities

    Heating system
    Central, Electric (Heating), Heat Pump (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1953
    Floors in Building
    1
    Building materials
    Block, Concrete, Stucco
    Roof type
    Shingle, Wood
    Architectural style
    Other

    We can help!

    Listing Contact
    Carlos Saa

    Compass

    Listing agent Carlos Saa (954) 477-7332 License #3376226

    Listing date Feb 22, 2026

    MLS# F10551991 Listing URL

    Copyright © 2026 BeachesMLS / Matrix. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Hollywood Triplex: Remodeled Income Property

    This East Hollywood triplex, situated east of US-1 on a corner lot, features renovated living spaces. The property consists of two 3-bedroom, 2-bathroom apartments and one 1-bedroom, 1-bathroom apartment, all housed within a well-maintained building. Each unit includes tiled flooring, impact windows, updated kitchen cabinets with quartz countertops, and access to private front patios. Currently rented and licensed as a short-term vacation rental, the property generates an average gross income between $9,000 and $12,000 per month for both 3/2 units and $1,500 for the 1/1 unit. Parking is available for up to 7 cars. Located in the quiet Hollywood Lakes neighborhood, the property is centrally located near beaches, parks, major highways, shops, and restaurants. The property has a PGI of $133,513 and an NOI of $40,251. The building has a property size of 2208 square feet. Owner financing is available, and mortgage assumption is available at a 3% interest rate. This property is ideal for maximizing rental income or long-term growth.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.1399963
    Latitude
    26.0237712

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    FAQs

    What type of property is this?
    Triplex - East Hollywood triplex, renovated, short-term rental licensed, income-generating.
    Where is this triplex located?
    The property is located at 1625 Cleveland St Hollywood, FL.
    What is the asking price?
    The asking price for this property is $1,050,000.
    What are key features of this property?
    This property features: - High Income Potential: Licensed Short Term Vacation Rental generating $9K-$12K gross monthly income for the 3/2 units and $1500 for the 1/1 unit.; - Favorable Financing Options: Owner financing and mortgage assumption available at a low 3% interest rate.; - Renovated Units: All units feature tiled flooring, impact windows, updated kitchen cabinets, and quartz countertops.
    (954) 477-7332
    Request Owner's contact information
    1625 Cleveland St Hollywood, FL 33020
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    Hollywood, FL 33020
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1625 Cleveland St Hollywood, FL 33020
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    We can help!
    Listing Contact
    Carlos Saa
    Real Estate License ID: 3376226
    (954) 477-7332
    Learn more
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