5442 Virginia is a two story, eight-unit complex located just east of Western and north of Santa Monica Blvd. in Hollywood. This property was built in 1984 and subject to Los Angeles Rent Stabilization ordinance that allows higher rent increases than properties built prior to 1979. The building is fully-parked with 9 surface parking spaces. The building has a pitched roof, laundry room, and wall a/c units. There is a drought tolerant vegitation in the front providing attractive low-cost and low maintenance landscaping. This property is part of a 10-property portfolio totaling 186 units. Most of the properties are in the 90029 & 90006 zip codes of Los Angeles, CA. These well-located properties offer convenient access to Downtown Los Angeles & Mid-Wilshire and can be managed efficiently due to their proximity to one another. The properties are well maintained and have had many exterior and interior improvements. There is still +28% upside to be realized as units turn and the opportunity to construct two additional units already permitted at 1006 Mariposa. This infill multifamily portfolio is in an improving submarket in LA and gives an investor diversification amongst 12 different APNs and proven upside through continued unit turns.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
