5718 Hollywood Blvd, Los Angeles, CA 90028
5718 Hollywood Blvd, Los Angeles, CA 90028
5718 Hollywood Blvd, Los Angeles, CA 90028
33
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$17,500,000
Est. payment /mo
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68 Beds
68 Baths
48,752 SqFt
New

5718 Hollywood Blvd Los Angeles, CA 90028

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Kami Rahbaran

Kami Rahbaran

+1(702) 927-2797

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 48,752 sqft

Price per Sqft $358

MLS Listing ID 26105892

Bedrooms 68

Year Built 2005

Lot Size 0.543 Acres

Acres 0.5425

Property Sub-Type Multi-Family

Property Description

Rare opportunity to acquire Hollywood View Towers, a 2005-built, LA RSO-EXEMPT 44-unit mixed-use multifamily asset on iconic Hollywood Boulevard. Spanning approximately 48,752 SF on a 23,627 SF LAR5 lot, the property features 41 well-appointed residences , four 1,455 SF three-bedroom/two-bath units, 26 spacious 1,104 SF two-bedroom/two-bath units, and 11 one-bedrooms plus 3 ground-floor retail suites that diversify the income stream. Units offer contemporary finishes, many with private balconies and views of the Hollywood Hills, while residents enjoy controlled access, elevator service, a sundeck, on-site laundry, and subterranean parking. The location is exceptionally connected: Walk Score 87 (Very Walkable), an 8-minute walk to the Hollywood/Western Metro B Line station, and a 9-minute drive to Downtown LA, with tenant demand anchored by Netflix, Paramount Pictures, Children's Hospital Los Angeles, and Kaiser Permanente in a zip code that is 83% renter-occupied. Built in 2005 and exempt from the LA Rent Stabilization Ordinance, the asset offers rent growth governed by state law rather than the city's more restrictive caps a rare and valuable attribute in a Hollywood market dominated by pre-1979 stock. Current rents average $2.65/SF against $2.95/SF at market, growing NOI from $986,363 to $1,137,276 and the cap rate from 5.64% going-in to 6.50%. At $397,727/unit and just $359/SF below the recent comp set average of $412/SF Hollywood View Towers is an outstanding opportunity to acquire modern construction, scale, and operational freedom in one of Los Angeles' most dynamic rental submarkets.

Location

State CA

County Los Angeles

Area Hollywood

Zoning LAR5

Rooms

Other Rooms Cabana

Interior

Heating Wall

Cooling Air Conditioning

Equipment Other

Exterior

Parking Features Subterranean

Garage Spaces 73.0

Building

Story 4

Level or Stories Three Or More

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is 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. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by REMAX COMMERCIAL & INVESTMENT REALTY

NEARBY SCHOOL & BUSINESS

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Kami Rahbaran

Kami Rahbaran

Agent RE.S.0190800

+1(702) 927-2797

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5718 Hollywood Blvd