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$6,240,000
 $33,498 est/mo Sourced by Back At You

5110 Harold Way,Los Angeles, CA 90027

Los Angeles, CA 90027

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Description

First time on the market in over 43 years, this 32-unit apartment community is ideally located in prime Hollywood between Hollywood Boulevard and Sunset Boulevard, just blocks from Los Feliz. Built in 1955, the property spans approximately 21,122 square feet on a 17,906 square foot lot and features a secured entrance, 32 individual parking spaces, a spacious central courtyard, and an on-site pool that enhance tenant appeal. Offered at a 6.3% cap rate and 9.7 GRM with significant rental upside, the asset presents a compelling value-add opportunity. Recent improvements include new windows, a newer roof, and an updated electrical system. Additional upside may be realized through the potential conversion of the existing non-conforming studio into an ADU (buyer to independently verify feasibility and permitting). The property also includes an on-site community laundry facility with three washers and three dryers and benefits from a highly desirable Hollywood location surrounded by popular dining, nightlife, new retail developments, major employment centers, and convenient transportation options.

Details

MLS #26995777
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1955
Days On Site19
Listing Provided ByLyon Stahl Investment Real Estate, Inc. | Sean Namigohar

Features

Bed(s)29
Bath(s)33
SQ Feet21,122
Car PortYes
Units32
Building(s)1
ZoningLARD1.5
Acreage0.41

Interior

CoolingNone
HeatingNone
Heating Yes / NoNo
Cooling Yes / NoNo

Parking

Parking FeaturesCarport

Area Information

StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90027
AreaC20 Hollywood
Listing VS Median (in 90027)
Price:
$6,240,000
low | high
Med:
$1,022,500
100% of Average
sqft:
21,122
low | high
Med:
1,294
100% of Average
$ / sqft:
$295
low | high
Med:
$805
100% of Average
On site:
19
low | high
Med:
36
52.777777777778% of Average
Sourced by Back At You

Market Activity 90027

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Coldwell Banker Home Source

Coldwell Banker Home Source

01902736 (760) 684-8100info@cbhomesource.com
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90027
AreaC20 Hollywood
Listing VS Median (in 90027)
Price:
$6,240,000
low | high
Med:
$1,022,500
100% of Average
sqft:
21,122
low | high
Med:
1,294
100% of Average
$ / sqft:
$295
low | high
Med:
$805
100% of Average
On site:
19
low | high
Med:
36
52.777777777778% of Average
Sourced by Back At You
Listing Updated: October 9, 2026 at 8:08:28 AM PDT

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