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5532 Harold Way

Los Angeles, CA 90028
  • $4,560,000
  • STATUS: Active
  • ON SITE: 25 Days
  • MLS #: 21-102721
UPDATED: 38 min ago
$4,560,000
  • 19
    BEDS
  • 0.3
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 13,170
    SQFT
  • $346
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1961
County:
Area:

School Ratings & Info

Description

The Starlight Apartments, at 5532 Harold Way, are located in the highly sought-after Hollywood neighborhood of Los Angeles. Built in 1961, the property offers renters a highly-competitive unit mix of 14 One Bedrooms, and 5 Two-Bedroom units across 13,170 gross square feet of improvements and 12,901 square feet of land. The property has been thoughtfully maintained in near-original condition and presents new ownership with the opportunity to capture significant upside in rents through unit renovations and common area enhancements showcasing modern design elements. Located in the northeast edge of the Hollywood neighborhood, bordering Los Feliz and East Hollywood, The Starlight Apartments offer tenants immediate access to a broad selection of world-class dining, entertainment and shopping destinations easily accessible by walking or a short drive. Retailers within walking distance include: Target, Chase Bank, Starbucks, Ralphs Supermarket and Petco. Within 0.5 miles of the property is the headquarters of Netflix, Sunset Bronson Studios, Emerson College and KTLA 5. Starlight Apartments is less than a 3-minute walk to the nearby Red Line Metro Station at the corner of Hollywood Blvd. and Western Ave. The property is in the Qualified Opportunity Zone

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-01T16:42:55.003. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.deserthouseseekers.com/homes/123088604
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5532 Harold Way Los Angeles, CA 90028

  • Price: $4,560,000
  • Status: Active
  • On Site: 25 Days
  • Updated: 38 min ago
  • MLS #: 21-102721
19
Beds
0
Baths
0
½ Baths
0.3
Acres
13,170
SQFT
$346
$/SQFT
1961
Built
Neighborhood:
Hollywood
County:
Los Angeles
Area:
Hollywood
Property Description
The Starlight Apartments, at 5532 Harold Way, are located in the highly sought-after Hollywood neighborhood of Los Angeles. Built in 1961, the property offers renters a highly-competitive unit mix of 14 One Bedrooms, and 5 Two-Bedroom units across 13,170 gross square feet of improvements and 12,901 square feet of land. The property has been thoughtfully maintained in near-original condition and presents new ownership with the opportunity to capture significant upside in rents through unit renovations and common area enhancements showcasing modern design elements. Located in the northeast edge of the Hollywood neighborhood, bordering Los Feliz and East Hollywood, The Starlight Apartments offer tenants immediate access to a broad selection of world-class dining, entertainment and shopping destinations easily accessible by walking or a short drive. Retailers within walking distance include: Target, Chase Bank, Starbucks, Ralphs Supermarket and Petco. Within 0.5 miles of the property is the headquarters of Netflix, Sunset Bronson Studios, Emerson College and KTLA 5. Starlight Apartments is less than a 3-minute walk to the nearby Red Line Metro Station at the corner of Hollywood Blvd. and Western Ave. The property is in the Qualified Opportunity Zone
Exterior Features

Cross Streets N St Andrews Pl And N Western Ave Direction Faces North Lot Size Area 12901 Other Structures None Parking Garage Garage Style Mid-Century Total Parking 18 View Description None View YN No Water Frontage None

Interior Features

Baths Total 21.00 Cooling Window Unit(S)Wall Unit(S) Equipment None Heating Wall Water Heater Features Central Water Heater

Property Features

Assessed Total Value 431069 Gross Income 236634 Gross Operating Income 240431 Like Units1 1 Like Units2 14 Like Units3 4 Net Operating Income 95432.00 Number Of Buildings 1 Number Of Units 19 Sale Type Standard Security Features Gated Source Living Area Assessor Source Lot Size Area Assessor Tenant Pays ElectricityGas Total Annual Expense 144999 Type Of Units Apartments Water Public Water Heaters YN Yes Year Built Source Assessor Zoning Lar4

Listing provided courtesy of Adam Zunder DRE#01821053 of Iconic Investments.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-01T16:42:55.003. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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