5824 Virginia Avenue, Los Angeles, CA 90038

5824 Virginia Avenue is an eight-unit apartment building in the heart of Hollywood, offered as a 100% fee simple interest on a free and clear basis. Built in 1962, the two-story building sits on a 7,499-square-foot lot with approximately 6,504 square feet of gross building area. The property offers five one-bedroom, one-bath units, one two-bedroom, one-bath unit and two two-bedroom, two-bath units, averaging roughly 778 square feet, a practical mix with broad appeal to young professionals, couples, roommates and creatives working in the surrounding entertainment industry. The building is set behind a secure perimeter gate, with gated rear parking, covered carport spaces and an on-site laundry facility, all valued amenities in a dense neighborhood where street parking is limited. A landscaped side walkway leads to the units. Current ownership has made significant capital improvements that address the costly building-level items buyers of older Los Angeles properties often face. The...