$24,000,000
 $128,837 est/mo Sourced by Back At You

5640 Santa Monica Boulevard,Los Angeles, CA 90038

Los Angeles, CA 90038

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Description

Introducing a prime investment opportunity in the heart of Hollywood! Located at 5640 Santa Monica Blvd, Los Angeles, CA 90038, this historic1927 property offers a unique blend of vintage charm and modern amenities. Comprising 177 units (176 studios and 1 one-bedroom, one bathroom),4 retail spaces, and a billboard, this mixed-use building presents significant income potential. Residents enjoy newly renovated units featuring granite countertops, charming kitchenettes, two-tone painted interiors, new black appliances, city views, cable readiness, window coverings, open floor plans, large windows for natural light, and ceiling fans. Community amenities include controlled access, parking for an additional fee, resident package retrieval lockers, bicycle parking, an elevator, off-street parking, on-site maintenance and management, public transportation access, recycling, and on-site retail stores. The building's prime location puts residents in close proximity to popular dining destinations like La Fonda Antioquena, Dave's Hot Chicken, Jitlada Restaurant, and Canter's Deli. Entertainment and cultural attractions abound, including The Hollywood Museum, Paramount Theatre, Barnsdall Art Park, and the American Cinematheque. Shopping and entertainment options are readily available at Ovation Hollywood, West Hollywood Gateway, Catalina's Supermarket, and Pavilions. The property is also conveniently located near major employers like Paramount Pictures Studio Tour and esteemed educational institutions such as Joseph Le Conte Middle School, STEM Academy Of Hollywood, Bernstein High School, and Hollywood Elementary School. This is a rare chance to own a piece of Hollywood history with exceptional potential for growth. Directly across from the subject property, the transformative Echelon Studios development is taking shape, a $450-million project by Bardas Investment Group and Bain Capital Real Estate. Spanning a full city block at 5601 Santa Monica Blvd, this state-of-the-art studio complex will feature nearly 500,000square feet of production studios and support space, alongside creative offices and retail, with completion slated for 2026. This cutting-edge campus, replacing a former Sears site, is poised to elevate the area's profile as a hub for entertainment and innovation, enhancing the value and appeal of nearby properties.

Details

MLS#25515065
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1927
Days On Site34
Listing Provided ByMarcus & Millichap 818-212-2700 | Jeffrey Louks

Features

SQ Feet57,664
Story(s)4
Units177
Building(s)1
ZoningLAC2
Acreage0.43

Market Activity 90038

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

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Listings Checked: 8 minutes ago
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90038
AreaC20 Hollywood
Listing VS Median (in 90038)
Price:
$24,000,000
low | high
Med:
$8,050
100% of Average
SqFt:
57,664
low | high
Med:
2,028
100% of Average
$ / SqFt:
$416
low | high
Med:
$4
100% of Average
On site:
34
low | high
Med:
63.000000
53.968253968254% of Average
Sourced by Back At You
Listing Updated: April 2, 2025 at 9:42:01 PM PDT