1843 N Cherokee Avenue Los Angeles, CA 90028

Building Details

Year Built

1926

Listing agency j***@naicapital.com Show Phone

Listed by Jakob Friedman · License #CalDRE #02163017 Show Phone

Source Naiglobal

Added: Nov 21, 2025 Updated: Jul 6 at 8:37AM Checked: Jul 22 at 5:12AM

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Investment Insights

Based on property information with market context.

The Casa Palmera is a 60-unit multifamily property located in Hollywood. The property consists of 23 studios, 23 two-bedroom/two-bath units, and 14 one-bedroom/one-bath units. The property is individually metered for gas and electric. Significant capital improvements have been completed, and all major systems have been recently updated. The property is located within a designated Opportunity Zone. The building is located steps from Hollywood Blvd, shops, and the Hollywood Bowl. The property features a garden landscape and classic architecture. The property is positioned for sustained rent growth. The property generates $1.5 million in annual gross income today, with a forecasted $2.0 million in annual income by year six. The property contains 50528 square feet.

Key Highlights

• Trophy asset in the heart of Hollywood, a high‑demand rental market, steps from entertainment, transit, and employment hubs.
• Significant capital improvements completed, including fully updated major systems.
• Located within a designated Opportunity Zone, offering potential tax‑deferred gains and long‑term tax‑free growth.

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FAQs

What type of property is this?

Apartment building - 60-unit multifamily property in the heart of Hollywood.

Where is this apartment building located?

The property is located at 1843 N Cherokee Avenue Los Angeles, CA.

What are key features of this property?

This property features: Trophy asset in the heart of Hollywood, a high‑demand rental market, steps from entertainment, transit, and employment hubs.; Significant capital improvements completed, including fully updated major systems.; Located within a designated Opportunity Zone, offering potential tax‑deferred gains and long‑term tax‑free growth.