6
See all 6 photos
$24,000,000
Est. payment /mo
57,664 SqFt
New
5640 Santa Monica BLVD Los Angeles, CA 90038
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 57,664 sqft
Price per Sqft $416
MLS Listing ID 25515065
HOA Y/N No
Year Built 1927
Lot Size 0.433 Acres
Property 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.
Location
State CA
County Los Angeles
Area C20 - Hollywood
Zoning LAC2
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features None
Total Parking Spaces 63
Building
Story 4
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5536018022
Special Listing Condition Standard
Listed by Jeffrey Louks • Marcus & Millichap