Remodeled Apartment
For Sale
$3,995,000
5741 Virginia Ave, Los Angeles, CA 90038
Multifamily property with updated interiors, refreshed exterior components, and completed seismic retrofit work.
Property Size11,599 SF
Days on Market48
Property Features for 5741 Virginia Ave
General Information
Standard status
Active
Size
11,599 SF
Property subtype
Multifamily
Additional Details
Gross Rent Multiplier
9.55
Highway Access
Yes
Amenities
Attractively Priced at a Current 9.55 GRM and Only $190,238 per Unit
All Seismic Retrofit Repairs Completed (Buyer to Verify)
Select Units Upgraded with Wood Flooring, Granite Countertops, New Cabinets, Stainless Steel Appliances, and Remodeled Bathrooms
Excellent Hollywood Rental Market -- Adjacent to Hancock Park, Melrose Hill, and Koreatown
New Cool Roof Coating, Recently Improved Exterior Landscaping, Fence, and Driveway Gate
Blocks from New Netflix ICON Tower at Sunset Bronson Studios
Close Proximity to Sunset Bronson Studios and Sunset Gower Studios -- Site of Upcoming 620,000 Square Foot Expansion of Studio and Office Space
Deemed "Very Walkable" with a Walk Score of 89
Building Details
Building Size
11,599 SF
Units
21
Listing Agency:
Encino Office
Listed By:
Rick E. Raymundo · License #License(s): CA: 01357019
(213) 943-1855
Source:
Marcusmillichap
Added: Aug 10
Changed: Sep 9
Last Checked: Sep 26 at 3:30AM
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 Encino Office
Investment Insights
Based on property information with market context.
This 11,599-square-foot apartment property was built in 1967 and includes a combination of renovated units and refreshed exterior improvements. Select residences feature granite countertops, stainless steel appliances, wood flooring, replacement cabinetry, and remodeled bathrooms. The property also has updated exterior paint, roof coating, landscaping, and a driveway gate.
Seismic retrofit repairs have been completed and filed with the city, subject to buyer verification. The asset is near Sunset Boulevard and the 101 Freeway, with access to the broader Los Angeles metro area. Hancock Park, Koreatown, the Hollywood Walk of Fame, Paramount Studios, Hollywood Forever Cemetery, and Melrose Hill are identified as nearby destinations. Current income reflects a 9.55 GRM.
Seismic retrofit repairs have been completed and filed with the city, subject to buyer verification. The asset is near Sunset Boulevard and the 101 Freeway, with access to the broader Los Angeles metro area. Hancock Park, Koreatown, the Hollywood Walk of Fame, Paramount Studios, Hollywood Forever Cemetery, and Melrose Hill are identified as nearby destinations. Current income reflects a 9.55 GRM.
Key Highlights
- 11,599‑square‑foot apartment building completed in 1967
- 9.55 GRM based on current income
- Select units upgraded with granite counters, stainless appliances, wood flooring, and remodeled bathrooms
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,901
Businesses Nearby
Explore this area
Business Placement
Demographics for 90038, CA
27,414
Population
14,998
Households
1.8
Avg Household Size
36
Median Age
41%
College-Educated
76%
High-School Grad
1.5 sq mi
ZIP Area
18,276
Density / Sq Mi
$61,566
Median Household Income
$36,844
Median Earnings
$1,764
Median Rent
$1,089,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with updated interiors, refreshed exterior components, and completed seismic retrofit work.
Where is this apartment building located?
The property is located at 5741 Virginia Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,995,000.
What are key features of this property?
This property features: 11,599‑square‑foot apartment building completed in 1967; 9.55 GRM based on current income; Select units upgraded with granite counters, stainless appliances, wood flooring, and remodeled bathrooms
