6137 Eleanor Ave — Sale in Los Angeles, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Los Angeles, CA 90038

Photos

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Investment Figures

Cap rate
5.03%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus and Millichap is pleased to present a twelve (12) unit apartment building located at 6137 Eleanor Ave in Los Angeles, California. The subject property is located in a prime Hollywood location, just south of Santa Monica Blvd and west of Gower St. Located in prime Hollywood, this multifamily property offers approximately 65% potential rental upside and a unit mix comprising one guest unit, two studios, eight one-bedroom units, and one two-bedroom unit. Built by the seller’s family, the property features a completed soft-story retrofit, a 2005 copper re-pipe, and new electrical subpanels. Mature landscaping provides shade, privacy, and curb appeal. Four rear tuck-under parking spaces may present ADU conversion opportunities, subject to feasibility and approvals. Residents benefit from convenient access to the 101 Freeway and commercial corridors along Santa Monica, Gower, Vine, and Cahuenga. Nearby amenities include Hollywood Recreation Center, Larchmont Village, and Hollywood’s diverse selection of restaurants, shops, and entertainment venues throughout the surrounding neighborhood. With approximately 65% potential rental upside, completed capital improvements, mature landscaping, and potential ADU conversions, the property presents a compelling value-add opportunity in prime Hollywood. Investment Highlights: • Good Rental Upside (+65%) • Soft-Story Retrofit Completed • Copper Re-Pipe Completed in 2005 • New Electric Subpanels • Four (4) Tuck-Under Parking Spaces in the Rear • Mature Landscaping Throughout Providing Shade, Privacy and Curb Appeal • Property Built by the Seller's Family

Market Context

This multifamily in Los Angeles, CA is listed for sale. It is offered at an approximate 5.0% capitalization rate, a key benchmark for income-producing multifamily assets. Compare it against other multifamily listings for sale in Los Angeles, CA — view the full market.

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  • What is the asking price?
  • What is the current zoning, and does it allow my intended use?
  • How many parking spaces come with the property?

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