5611 Hollywood Blvd, Hollywood, CA 90028
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5611 Hollywood Blvd Hollywood, CA 90028

$4,600,000 Sold Price as of 05/27/2022
  • -- Beds
  • -- Baths
  • 19,636 Sq.Ft.
Sold
$4,600,000 Sold Price as of 05/27/2022 Refinance Your Mortgage

Map preview of 5611 Hollywood Blvd, Hollywood, CA 90028

Property Overview: 5611 Hollywood Blvd Hollywood, CA has -- bedrooms, -- bathrooms, 19,636 living square feet and 15,011 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

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: 12 minutes ago | Last updated: May 27th, 2022 | Source CRMLS | DOM: 66

Home details

Lot Sq. Ft
15,011
HOA Dues
$0/mo
Year built
1922
Garage
--
Property Type:
Mixed Use
Status
Sold
MLS#
PW22056189
City
Hollywood
County
Los Angeles
Time on Site
96 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 28
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 13
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $129,492
  • Total Rent: --
Unit Breakdown 2
  • # of Units: 8
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $106,020
  • Total Rent: --
Unit Breakdown 3
  • # of Units: 6
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $193,164
  • Total Rent: --
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: --
  • # of Baths: --
  • Actual Rent: $30,000
  • Total Rent: --
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 8.3%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $525,546
  • Net Operating Income: $456,120
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $69,426
  • Electric: $17,277
  • Insurance: $14,061
  • Maintenance: $7,020
  • Water/Sewer: $12,335
  • Other Expenses: $1,608

Virtual Tour

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Property Details for 5611 Hollywood Blvd

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Total # of Units: 28
  • Parcel Number: 5544003023
  • 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

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Sale History for 5611 Hollywood Blvd

Last sold for $4,600,000 on May 27th, 2022
  • May, 2022

  • May 27, 2022

    Date

    Sold

    CRMLS: PW22056189

    $4,600,000

    Price

  • Mar 21, 2022

    Date

    Active

    CRMLS: PW22056189

    $5,500,000

    Price

Tax History for 5611 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

5611 Hollywood Blvd sold on May 27, 2022 for 514.53% higher than the current median sold price for the city of Hollywood which is $895,000. The median sold price per/sqft for Hollywood is $891 and this home is sold at $280.1 per/sqft which puts the price per square foot 68.56% lower than the current median sale per square foot for the city of Hollywood.

About 5611 Hollywood Blvd

Detailed summary of property

5611 Hollywood Blvd is a mixed use that recently sold in Hollywood, CA 90028. This mixed use property offered -- bedrooms, -- bathrooms, roughly 19,636 living square feet, and sits on an approximately 15,011 square foot lot. 5611 Hollywood Blvd was first listed on ArdentRealEstateGroup.com on March 22, 2022. The homeowner sold the property for $4,600,000. Home in Hollywood are selling for a median price of $895,000 and a median price per square foot of $891. Based on Ardent Real Estate Group's Hollywood Market Data, this home is sold 514.53% higher than the current median priced home. Local recently sold listings include 1017 N Heliotrope Dr, 1111 N Madison Ave and 830 N Seward St. While the average home in Hollywood, CA is selling in 83 days, 5611 Hollywood Blvd has a days on market of 66 days. There are currently 16 homes for sale in the Hollywood real estate market and 8 of them are single family homes while 7 of them are condos and 1 are townhomes. For more information on this home for sale at 5611 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 5611 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
$999,000
Median List Price/Sq.Ft.
$700
Median Sold Price
$699,900
Median Sold Price/Sq.Ft.
$433
Total Inventory
38
Median Sale to List Price %
100%
Avg Days on Market
15
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (50%), Other (0%)

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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.