Overview
- 4
- 8
- 4220
- 1923
Description
Attractive 8-unit Hollywood apartment asset currently operating at a 5.5% cap rate with a clear, low-execution path to a 6.6% pro forma cap through operational improvements. Ideally located just north of Melrose Avenue in a high-demand, walkable rental pocket near major employment centers, transit, hospitals, and significant ongoing development. Multiple tenants pay separate parking fees that are not subject to rent control and are currently below market, offering immediate NOI upside. Former RTI ADU plans (expired but easily re-approved), and a large basement create additional potential for future rental or storage income (buyer to verify). Excellent curb appeal, well-maintained common areas, and a scalable operational profile. A rare opportunity to acquire a small-scale Hollywood asset with real cash flow today and multiple built-in value-add levers.
Address
Open on Google Maps- Address Oxford
- City Los Angeles
- State/county Los Angeles
- Zip/Postal Code 90029
Details
Updated on March 4, 2026 at 11:06 am- Property ID: HZ26656095
- Price: $2,095,000
- Property Size: 4220 Sq Ft
- Bedrooms: 4
- Bathrooms: 8
- Year Built: 1923
- Property Status: ResidentialIncome
- Listed by: Armin Soleimani
- DRE #: 01846872
- Contact Mail: arminsoleimani@gmail.com
- Brokered by: Global Platinum Properties, Inc.
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