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5516 Virginia Ave 16 Unit Apartment Building $4,759,211 CAD ($297,451 CAD/Unit) 5.90% Cap Rate Los Angeles, CA 90038
Investment Highlights
- Highly sought-after Hollywood market with ongoing rental demand
- Close proximity to public transit options and regional corridors, providing strong linkages to Hollywood, Mid-Wilshire, Los Feliz, and DTLA
- Situated in Hollywood, one of Los Angeles’ most desirable rental submarkets
- Positioned for stable income and long-term growth potentials
- Walking distance to Santa Monica Boulevard, Hollywood Boulevard, and Melrose Avenue
Executive Summary
5516 & 5522 Virgina Ave, a charming 16-unit apartment situated on two separate parcels, building located in Hollywood, a highly desired neighborhood in Los Angeles, CA. Built in 1953 and 1958, the property consists of two buildings featuring (11) one-bedroom + one-bathroom units and (5) two-bedroom + one-bathroom units. The building is 11,550 gross square feet and sits on a 15,000 square foot lot.Located in the heart of Hollywood, 55165522 Virginia Ave offers residents a dynamic, centrally located lifestyle within one of Los Angeles' most creative and culturally rich neighborhoods. Just moments from Santa Monica Boulevard, Hollywood Boulevard, and Melrose Avenue, the property places tenants close to major employment hubs, entertainment studios, and an ever-growing mix of dining, retail, and nightlife options.Residents can easily enjoy nearby cafes, local restaurants, and neighborhood conveniences, along with quick access to Hollywood landmarks, music venues, and cultural destinations. The property benefits from a walkable location, convenient public transit access, and strong connectivity toHollywood, Mid-Wilshire, Los Feliz, and Downtown Los Angeles.
Agent Remarks : For more information, EMAIL: Michael.Kamara@lyonstahl.com
Agent Remarks : For more information, EMAIL: Michael.Kamara@lyonstahl.com
Property Facts
| Price | $4,759,211 CAD | Property Subtype | Apartment |
| Price Per Unit | $297,451 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.36 AC |
| Cap Rate | 5.90% | Building Size | 11,550 SF |
| Gross Rent Multiplier | 10.15 | No. Stories | 2 |
| No. Units | 16 | Year Built | 1958 |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Zoning | C4 - Commercial | ||
| Price | $4,759,211 CAD |
| Price Per Unit | $297,451 CAD |
| Sale Type | Investment |
| Cap Rate | 5.90% |
| Gross Rent Multiplier | 10.15 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.36 AC |
| Building Size | 11,550 SF |
| No. Stories | 2 |
| Year Built | 1958 |
| Opportunity Zone |
Yes |
| Zoning | C4 - Commercial |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 11 | - | - |
| 2+1 | 5 | - | - |
1 1
Very walkable
80/100
Moderately drivable
70/100
Strong public transit
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 5536-011-007 | Improvements Assessment | $233,920 CAD |
| Land Assessment | $72,564 CAD | Total Assessment | $306,484 CAD |
Property Taxes
Parcel Number
5536-011-007
Land Assessment
$72,564 CAD
Improvements Assessment
$233,920 CAD
Total Assessment
$306,484 CAD
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5516 Virginia Ave
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