6610 Selma Ave 10 Unit Apartment Building $2,454,588 CAD ($245,459 CAD/Unit) 5.78% Cap Rate Los Angeles, CA 90028

6610 Selma Avenue is a well-maintained 10-unit multifamily property located in the heart of Hollywood. Built in 1956, the building spans 5,672 square feet of living space on a 5,810 square foot LAC4-zoned lot. 6610 Selma Ave offers a desirable unit mix of six (6) one-bedroom/one-bathroom units and four (4) studio units. The property features six (6) gated parking spaces, shared on-site laundry, and select units with wall A/C, walk-in closets, and dishwashers. Recent improvements include completion of the soft-story retrofit in 2024 a main electrical service upgrade to 400 amps completed in 2024, and it is separately metered for gas and electricity. Two (2) units are currently VACANT!

Near Highland Avenue, and positioned between Hollywood Boulevard and Sunset Boulevard, the property sits in one of Los Angeles’ most dynamic and walkable urban cores. Deemed a Walker’s Paradise with a Walk Score of 99, it is located directly across from the Hollywood Walk of Fame and within steps of iconic destinations such as the Egyptian Theatre, Dolby Theatre, and Capitol Records. The area is home to major entertainment and post-production employers including Netflix, Paramount Studios and The Lot. Nearby retail and dining options include Trader Joe’s, In-N-Out Burger, and Tocaya Organica, along with countless restaurants, cafés, and nightlife venues throughout Hollywood. Residents benefit from convenient access to major thoroughfares, as well as public transportation via the Metro B (Red) Line at Hollywood/Highland and Hollywood/Vine stations, multiple bus routes, and quick connectivity to the 101 Freeway.

Can be purchased separately or as part of a 6-property portfolio totaling 48 units throughout North Hollywood and Hollywood.
The property is located in the city of Los Angles and is subject to Rent Control.