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5601 Hollywood Blvd, Hollywood, CA 90028
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5601 Hollywood Blvd Hollywood, CA 90028

$8,000,000 Sold Price as of 05/27/2022
  • 30 Beds
  • 30 Baths
  • 11,460 Sq.Ft.
Sold
$8,000,000 Sold Price as of 05/27/2022 Refinance Your Mortgage
Map preview of 5601 Hollywood Blvd, Hollywood, CA 90028

Property Overview: 5601 Hollywood Blvd Hollywood, CA has 30 bedrooms, 30 bathrooms, 11,460 living square feet and 15,018 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Amazing investment opportunity located in a prime tourist area right on Hollywood Blvd! This 30-unit motel has had some great capital improvements such as newer plumbing, fresh paint, upgraded phone system, security gate at the parking entrance, and a security system. Moreover, the property includes a managerial quarters complete with a single bedroom, bathroom, full kitchen, and generous living room that provides the perfect station to manage the motel. The proximity of the motel to major tourist spots such as the Hollywood Walk of Fame, Hollywood Sign, TCL Chinese Theater, Griffith Observatory and so much more ensure a consistent flow of guests to the motel day in and day out. The bounce back from the unfortunate covid shutdowns has been tremendous especially as we head into spring and prepare for the summer months. Total building sqft is approximately 11,460 and sits on an estimated 15,018 sqft lot. This motel and neighboring listing at 5611 Hollywood Blvd. (MLS# PW22056189) are part of a package deal with the potential to be sold separate of one another. Split pricing will be $8.5 million for this motel and $5.5 million for the mixed-use parcel next door. Buyer must comply with the sellers' 1031 exchange. Please call with any questions or requests for additional information.

Listed by Jonathan Long | BRE #01850579 | Ardent Real Estate Group, Inc.
Co-listed by Gabe Garcia | BRE #02048692 | Ardent Real Estate Group, Inc.
Last checked: 1 minute ago | Last updated: May 27th, 2022 | Source CRMLS | DOM: 66

Home details

Lot Sq. Ft
15,018
HOA Dues
$0/mo
Year built
1956
Garage
--
Property Type:
Hotel/Motel
Status
Sold
MLS#
PW22054626
City
Hollywood
County
Los Angeles
Time on Site
759 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 30
  • Total # of Buildings: --
Unit Breakdown 1
  • # of Units: 30
  • # of Beds: 1
  • # of Baths: 1
  • Total Rent: --
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 8.3%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $1,388,784
  • Net Operating Income: $705,793
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $682,991
  • Electric: $19,875
  • Trash: $6,000
  • Insurance: $22,285
  • Maintenance: $2,100
  • Water/Sewer: $19,875

Virtual Tour

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Property Details for 5601 Hollywood Blvd

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Individual Room
Interior Features
  • Security Features: 24 Hour Security, Gated with Guard
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 24
Lot Information
  • Lot Features: 0-1 Unit/Acre, Near Public Transit, Walkstreet
  • Lot Size Source: Public Records
  • Common Interest: None
Property Information
  • Total # of Units: 30
  • Parcel Number: 5544003022
  • Year Built Source: Public Records
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Take the 101 North and exit Hollywood Blvd, turn east property will be on the left hand side.
View more facts & features

Local Hollywood Agent

Sale History for 5601 Hollywood Blvd

Last sold for $8,000,000 on May 27th, 2022

  • March, 2022

  • Mar 21, 2022

    Date

    Active

    CRMLS: PW22054626

    $8,500,000

    Price

Tax History for 5601 Hollywood Blvd

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

5601 Hollywood Blvd sold on May 27, 2022 for 1319.03% higher than the current median sold price for the city of Hollywood which is $599,000. The median sold price per/sqft for Hollywood is $521 and this home is sold at $741.71 per/sqft which puts the price per square foot 42.36% higher than the current median sale per square foot for the city of Hollywood.

About 5601 Hollywood Blvd

Detailed summary of property

5601 Hollywood Blvd is a hotel/motel that recently sold in Hollywood, CA 90028. This hotel/motel offered 30 bedrooms, 30 bathrooms, roughly 11,460 living square feet, and sits on an approximately 15,018 square foot lot. 5601 Hollywood Blvd was first listed on ArdentRealEstateGroup.com on March 22, 2022. The homeowner sold the property for $8,000,000. Home in Hollywood are selling for a median price of $599,000 and a median price per square foot of $521. Based on Ardent Real Estate Group's Hollywood Market Data, this home is sold 1319.03% higher than the current median priced home. While the average home in Hollywood, CA is selling in 39 days, 5601 Hollywood Blvd has a days on market of 66 days. There are currently 7 homes for sale in the Hollywood real estate market and 3 of them are single family homes while 4 of them are condos and 0 are townhomes. For more information on this home for sale at 5601 Hollywood Blvd Hollywood, CA 90028 contact Ardent Real Estate Group and we will put you in touch with one of our Hollywood agents.

Public Facts for 5601 Hollywood Blvd

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

The source for these homes facts are from public records.

90028 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,250,000
Median List Price/Sq.Ft.
$719
Median Sold Price
$1,172,000
Median Sold Price/Sq.Ft.
$710
Total Inventory
36
Median Sale to List Price %
117.32%
Avg Days on Market
9
Loan Type
Conventional (14.29%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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