Mixed-Use Apartment
New
For Sale
$17,500,000
5718 Hollywood Blvd, Los Angeles, CA 90028
Modern residences and ground-floor retail share a building with elevator service, controlled access, and subterranean parking.
Property Size48,752 SF
Lot Size0.54 Acres
Price / SF$358.96
Days on Market5
Property Features for 5718 Hollywood Blvd
General Information
Standard status
Active
Size
48,752 SF
Elevators
Yes
Lot size
0.54 Acres
Property subtype
Residential Income
Zoning
LAR5
Net Operating Income
$986,363
Site & Location
Neighborhood
Hollywood
Road Access
Yes
Public Transit
Yes
Mixed-Use Components
residential, retail
Units
Unit Mix
4 x 1,455 SF 3BR/2BA, 26 x 1,104 SF 2BR/2BA, 11 x 1BR
Multifamily Units
41
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Cap Rate
5.64%
Amenities
controlled access
sundeck
on-site laundry
private balconies
Building Details
Year Built
2005
Buildings
1
Tenancy
Multi
Listing Agency:
REMAX COMMERCIAL & INVESTMENT REALTY
Listed By:
Jacob Plewa · License #02041641
(310) 922-6124
Source:
Propertyinpalmsprings
Added: Nov 1
Changed: Nov 4
Last Checked: Nov 4 at 2:33PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of REMAX COMMERCIAL & INVESTMENT REALTY
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Investment Insights
Based on property information with market context.
Hollywood View Towers is a mixed-use property built in 2005, with approximately 48,752 square feet on a 23,627-square-foot LAR5 lot. The residential component comprises 41 apartments: four three-bedroom, two-bath units measuring 1,455 square feet each; 26 two-bedroom, two-bath units of 1,104 square feet each; and 11 one-bedroom units. Three retail suites occupy the ground floor. Apartment features include contemporary finishes, with private balconies and Hollywood Hills views in many units. Building amenities include controlled access, elevator service, a sundeck, on-site laundry, and subterranean parking.
The property fronts Hollywood Boulevard in Los Angeles. The Hollywood/Western Metro B Line station is an eight-minute walk away; Downtown LA is a nine-minute drive. Nearby institutions named in the property information include Netflix, Paramount Pictures, Children’s Hospital Los Angeles, and Kaiser Permanente. The building is exempt from the LA Rent Stabilization Ordinance.
The property fronts Hollywood Boulevard in Los Angeles. The Hollywood/Western Metro B Line station is an eight-minute walk away; Downtown LA is a nine-minute drive. Nearby institutions named in the property information include Netflix, Paramount Pictures, Children’s Hospital Los Angeles, and Kaiser Permanente. The building is exempt from the LA Rent Stabilization Ordinance.
Key Highlights
- 2005 construction; approximately 48,752 square feet on a 23,627‑square‑foot LAR5 lot
- 41 apartments: four 1,455‑square‑foot three‑bedroom units, 26 1,104‑square‑foot two‑bedroom units, and 11 one‑bedrooms
- Three ground‑floor retail suites
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,131,397
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$22,627,940
$22.6M
Cap Rate 7%
$16,162,814
$16.2M
Cap Rate 9%
$12,571,078
$12.6M
Market Conditions
NOI Build-Up for 48,752 SF
Gross rent
$1.80M $36.96/SF
− Vacancy
−$185.6K −$3.81/SF
EGI
$1.62M $33.15/SF
− OpEx
−$484.9K −$9.95/SF
NOI
$1.13M $23.21/SF
Area
Los Angeles, CA
Vacancy
10.30%
Lease Rate
$36.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$22,627,940
Cap Rate 7%
$16,162,814
Cap Rate 9%
$12,571,078
Alternative Uses
Best Use
Apartment 5plus
$861.90M
$754.17M – $1,005.55M
NOI $60,333,235 @ 7.0% cap · market cap 344.76%
Second Best
Retail
$16.16M
$14.14M – $18.86M
NOI $1,131,397 @ 7.0% cap · market cap 6.47%
Theoretical Best
Multifamily LT 5
$987.69M
$864.23M – $1,152.30M
NOI $69,138,037 @ 7.0% cap · market cap 395.07%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
41
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,838
Businesses Nearby
Explore this area
Business Placement
Demographics for 90028, CA
32,330
Population
22,344
Households
1.4
Avg Household Size
36
Median Age
49%
College-Educated
90%
High-School Grad
1.5 sq mi
ZIP Area
21,553
Density / Sq Mi
$59,393
Median Household Income
$45,325
Median Earnings
$1,839
Median Rent
$970,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Modern residences and ground-floor retail share a building with elevator service, controlled access, and subterranean parking.
Where is this mixed-use property located?
The property is located at 5718 Hollywood Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $17,500,000.
What are key features of this property?
This property features: 2005 construction; approximately 48,752 square feet on a 23,627‑square‑foot LAR5 lot; 41 apartments: four 1,455‑square‑foot three‑bedroom units, 26 1,104‑square‑foot two‑bedroom units, and 11 one‑bedrooms; Three ground‑floor retail suites
