5741 Virginia Avenue, Los Angeles, CA 90038
Local realty services provided by:ERA Excel Realty
5741 Virginia Avenue,Los Angeles, CA 90038
$3,995,000
- 20 Beds
- 21 Baths
- 11,599 sq. ft.
- Multi-family
- Active
Listed by: roderick 'rick' raymundo
Office: marcus & millichap818-212-2700
MLS#:26866075
Source:CRMLS
Price summary
- Price:$3,995,000
- Price per sq. ft.:$344.43
About this home
Available at only a 9.55 GRM based on current income and merely $190,238 per unit, the asset is priced attractively for a new investor. The current owner has thoroughly remodeled several units, while the exterior paint, roof coating, landscaping and driveway gate have all been recently updated. Select interiors have been upgraded with granite countertops, stainless steel appliances, wood flooring, new cabinets, and remodeled bathrooms. A new investor can enjoy strong cash flow free from any costly seismic retrofit repairs, as those have all been completed and filed with the city (Buyer to verify). Located near Sunset Boulevard, the property provides tenants with convenient access to several Hollywood destinations as well as the rest of the Los Angeles metro, via the nearby 101 Freeway. The exclusive Hancock Park neighborhood is only a few blocks southwest, while Koreatown and the Hollywood Walk of Fame are both nearby as well. The new 14-story ICON office tower, primarily leased to Netflix, was recently completed at the nearby Sunset Bronson Studios, while additional new construction is scheduled for Sunset Gower Studios, just one mile from the property. There, a joint venture between Hudson Pacific Properties and The Blackstone Group will be expanding the studio and office space, adding 620,000 square feet to the studio campus. The property is just north of Paramount Studios, the Hollywood Forever Cemetery, and Melrose Hill. The Melrose Hill neighborhood was recently named Los Angeles' Hottest Culinary Boom Town by Eater Los Angeles. Several exciting dining options have recently debuted in the immediate area, including Etra, Kuya Lord, Ggiata, Caf Telegrama, and Le Coupe. Tenants can look forward to even more culinary options in the near future, as Little Fish, Bar Etoile, and Holy Basil are slated to open as well....
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Home facts
- Year built:1967
- Listing ID #:26866075
- Added:53 day(s) ago
- Updated:September 26, 2026 at 10:50 AM
Rooms and interior
- Bedrooms:20
- Total bathrooms:21
- Living area:11,599 sq. ft.
Structure and exterior
- Year built:1967
- Building area:11,599 sq. ft.
- Lot area:0.34 Acres
- Levels:2 Story
Finances and disclosures
- Price:$3,995,000
- Price per sq. ft.:$344.43
Parking
- Parking description:Assigned
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