5611 Hollywood Blvd, Hollywood, CA 90028

Property Description

We are proud to present this one-of-a-kind investment opportunity with two properties on one parcel! This mixed-use parcel has an eight-unit apartment complex as well as a commercial office/retail building. The eight-unit apartment complex has a total of 3 two bed apartments, 4 one bed apartments, and 1 studio apartment. All the units are in great condition and provide a very consistent income flow. The neighboring commercial building has a total of 6 storefronts on the first level and 13 offices directly above. The substantial foot traffic that Hollywood Blvd. generates make this a prime location for any business as well as a fantastic place to live due to the abundance of nearby amenities. Lastly, there is highly profitable billboard atop the property with virtually no maintenance providing yet another easy source of revenue to the deal. Total building sqft is approximately 19,636 and sits on an estimated 15,011 sqft lot. This mixed-use parcel and the neighboring listing at 5601 Hollywood Blvd. (MLS# PW22054626) are part of a package deal with the option to be sold separate of one another. Split pricing will be $5.5 million for this mixed-use parcel and $8.5 million for the motel next door. Buyer must comply with the sellers' 1031 exchange. Please call with any questions or requests for additional information.