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$3,500,000
Est. payment /mo
1 Bed
2 Baths
0.26 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID SB26054326
Bedrooms 1
Lot Size 0.263 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Iconic Hollywood property, The Navarre Apartment community, a rare investment opportunity featuring a 20 unit, two story building with a unit mix of 16 studios and 4 one bedroom/one bath units. Built in 1925, this charming historic residential building retains original fixtures and timeless architectural style, with features such as crown molding, classic details, and original hardwood floors in select units. A true Hollywood survivor that celebrated 100 years in 2025, the property offers well kept units full of character. The building operates at an attractive 5.5% cap rate and includes community laundry facilities, on-site first come first serve parking spaces (13), and individual electric and gas meters. Located in a high demand Hollywood rental market, it presents an ideal opportunity for investors seeking stable income in a classic Los Angeles asset. Location Highlights: Just minutes from Hollywood and the natural beauty of Griffith Park, nearby Los Feliz blends classic Los Angeles charm with a vibrant creative culture. Known for its tree lined streets, historic architecture, and walkable corridors along Vermont and Hillhurst Avenues, the neighborhood attracts artists, filmmakers, and longtime residents alike. With easy access to Griffith Park, local cafs, shops, and major freeways, it offers a rare balance of urban energy, history, and community.
Location
State CA
County Los Angeles
Zoning Public Rec
Direction 5424 Franklin Ave Los Angeles, CA 90027
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5544006044
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Tamas Batyi, DRE#02053534 Compass
Nearby School & Business
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