5640 Santa Monica BLVD, Los Angeles, CA 90038
5640 Santa Monica BLVD, Los Angeles, CA 90038
5640 Santa Monica BLVD, Los Angeles, CA 90038
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$24,000,000
Est. payment /mo
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57,664 SqFt
Active Under Contract

5640 Santa Monica BLVD Los Angeles, CA 90038

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Darren Wade

Darren Wade

+1(559) 312-7467

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 57,664 sqft

Price per Sqft $416

MLS Listing ID 25515065

HOA Y/N No

Year Built 1927

Lot Size 0.433 Acres

Property Description

Introducing a prime investment opportunity in the heart of Hollywood! Located at 5640 Santa Monica Blvd, Los Angeles, CA 90038, this historic1927 property offers a unique blend of vintage charm and modern amenities. Comprising 177 units (176 studios and 1 one-bedroom, one bathroom),4 retail spaces, and a billboard, this mixed-use building presents significant income potential. Residents enjoy newly renovated units featuring granite countertops, charming kitchenettes, two-tone painted interiors, new black appliances, city views, cable readiness, window coverings, open floor plans, large windows for natural light, and ceiling fans. Community amenities include controlled access, parking for an additional fee, resident package retrieval lockers, bicycle parking, an elevator, off-street parking, on-site maintenance and management, public transportation access, recycling, and on-site retail stores. The building's prime location puts residents in close proximity to popular dining destinations like La Fonda Antioquena, Dave's Hot Chicken, Jitlada Restaurant, and Canter's Deli. Entertainment and cultural attractions abound, including The Hollywood Museum, Paramount Theatre, Barnsdall Art Park, and the American Cinematheque. Shopping and entertainment options are readily available at Ovation Hollywood, West Hollywood Gateway, Catalina's Supermarket, and Pavilions. The property is also conveniently located near major employers like Paramount Pictures Studio Tour and esteemed educational institutions such as Joseph Le Conte Middle School, STEM Academy Of Hollywood, Bernstein High School, and Hollywood Elementary School. This is a rare chance to own a piece of Hollywood history with exceptional potential for growth. Directly across from the subject property, the transformative Echelon Studios development is taking shape, a $450-million project by Bardas Investment Group and Bain Capital Real Estate. Spanning a full city block at 5601 Santa Monica Blvd, this state-of-the-art studio complex will feature nearly 500,000square feet of production studios and support space, alongside creative offices and retail, with completion slated for 2026. This cutting-edge campus, replacing a former Sears site, is poised to elevate the area's profile as a hub for entertainment and innovation, enhancing the value and appeal of nearby properties.

Location

State CA

County Los Angeles

Area C20 - Hollywood

Zoning LAC2

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Parking Features None

Total Parking Spaces 63

Building

Story 4

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5536018022

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Jeffrey Louks Marcus & Millichap #00908473

NEARBY SCHOOL & BUSINESS

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Darren Wade

Darren Wade

Broker Associate License ID: 01910957

+1(559) 312-7467

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5640 Santa Monica BLVD