6705 De Longpre Ave
• Offered at $3.75 million ($187,500/unit), the 20-unit studio community presents an attractive basis in one
of Los Angeles’ most established multifamily submarkets.
• Studio rent comparables support the projected underwriting, with average asking rents of approximately
$1,563, providing a clear path for future income growth.
• Highly walkable to both iconic Sunset Boulevard and Hollywood Boulevard, providing tenants with
immediate access to nearby coffee shops, dining, and shopping.
• Ownership has completed key upgrades, including new electrical panels and new community laundry
machines, helping reduce future capital expenditures.
• The property features 20 on-site parking spaces—one space per unit—a valuable amenity in the
Hollywood rental market.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Highest & best offer |
| Property Types: | Apartment Buildings |
| Price: | $3,750,000 |
| No. of Units: | 20 |
| Cap Rate: | 5.45% |
| GRM /GIM: | 10.48 |
| Year Built: | 1951 |
| Building Size: | 9,056 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $187,500 |
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