Hollywood Apartments – 50 Units SRO

Daniel A. Sanchez of LEOLA Commercial, Inc. is pleased to present his newest listing: Hollywood Apartments, a 50-unit multifamily asset located in the heart of Hollywood, California.

This SRO property offers substantial rental upside and is strategically positioned on Cahuenga Boulevard at Santa Monica Boulevard—directly across from the Hollywood Recreation Center and within close proximity to Hollywood Boulevard and Sunset & Vine. This highly trafficked intersection represents one of Hollywood’s primary activity hubs, providing exceptional access to transit, employment centers, entertainment, and lifestyle amenities.

Property Overview

The asset features a well-balanced unit mix with efficient layouts:

• 4 Studio Units – Average ±450 SF | Avg. Rent: $1,029/month
• 46 SRO Units – Average ±200 SF | Avg. Rent: $808/month

The property is currently operating at an average of approximately $3.16/SF, significantly below the estimated market average of $5.11/SF, presenting a clear and compelling value-add opportunity.

Location Highlights

• Premier Hollywood Corner: Positioned at one of Los Angeles’ most dynamic intersections, the property benefits from strong foot traffic, excellent visibility, and proximity to major employment and entertainment corridors.
• Highly Walkable: Tenants enjoy immediate access to Hollywood Boulevard’s retail, dining, and nightlife, as well as the Sunset & Vine transit-oriented corridor.
• Transit-Oriented: Convenient access to Metro lines and major bus routes allows for seamless connectivity to Downtown Los Angeles, the Westside, and surrounding employment centers—key demand drivers for rental housing.