5718 Hollywood Boulevard , Los Angeles, CA 90028
$17,500,000
Est. Payment: $91,970.03/mo
7 Bed
6 Bath
48752 Sqft
0.54 Acres
Status: active | Days on site: 4
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CLW-X75383 - CLW-C132252
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House 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.

Highlights

Listed by Jacob Plewa , 310-922-6124 REMAX COMMERCIAL & INVESTMENT REALTY , 310-802-2500. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.54

Year Built

2005

County

Los Angeles

Area

C20 - Hollywood

Listing ID

26105892

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:7
  • ▪ Bathrooms:6

Exterior Features

Lot:No Land Lease
Garage Capacity:73
Zoning:LAR5
Others:
  • ▪ Additional:2+ Total Units
Parking Features:Underground
Principal Interest
$91,970
Taxes
$11,156

Home Price

$17,500,000

Loan Details

30 yrs
6.875%

Down Payment

20%
$3,500,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$91,970.03

Principal

Taxes

Principal Taxes HOA Total
Monthly $91,970.03 $11,156.25 $0.00 $103,126.28
Yearly $1,103,640.41 $133,875.00 $0.00 $1,237,515.41
Total $33,109,212.21 $4,016,250.00 $0.00 $37,125,462.21

Today's Rates

30 Year

6.88%

20 Year

6.86%

15 Year

6.33%

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Market insight data is pulled from the same city as the listing being viewed (Los Angeles, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-11-07T05:32:42.000Z

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