The Delongpre 6858-6860 DeLongpre Ave 16 Unit Apartment Building $5,212,125 CAD ($325,758 CAD/Unit) 6.03% Cap Rate Los Angeles, CA 90028

The Mogharebi Group is pleased to exclusively present “The DeLongpre”, a well-maintained 16-unit multifamily investment opportunity located in the heart of Hollywood. Situated at 6858–6860 DeLongpre Avenue, between Sunset Boulevard and Fountain Avenue and just west of Highland Avenue, the property benefits from immediate access to Hollywood, West Hollywood, employment centers, entertainment, and an abundance of retail and dining amenities.
Built in 1954 of wood-frame and stucco construction, The DeLongpre consists of two separate eight-unit buildings with individual APN numbers. This unique configuration provides ownership with the operational advantage of avoiding on-site resident manager requirements and the additional expense. The property is comprised of eight spacious one-bedroom/one-bathroom units and eight two-bedroom/one-bathroom units, situated on a +/- 14,348-square-foot lot, with +/- 12,600 square feet of rentable improvements.
Current ownership has demonstrated pride of ownership through extensive capital improvements and ongoing maintenance. Significant upgrades include new electric meters and subpanels (2025), exterior painting (2025), upgraded exterior lighting (2025), a complete copper plumbing re-pipe (2010), and roof, gutter, and downspout replacement (2005). Additionally, nine units have undergone substantial interior renovations featuring modernized kitchens and bathrooms, while several additional units have received cosmetic upgrade.