Address
5640 Santa Monica Boulevard, Los Angeles, CA
Price
$ 24,000,000
Property Attributes
- MLS#25515065
- TypeSingle Family
- Listing Status ActiveUnderContract
- CountyLos Angeles
- CityLos Angeles
- Area Hollywood
- Zip90038
- Style
- Year Built1927
- Price$ 24,000,000
- Bedrooms0
- Full Bathrooms176
- Half Bathrooms0
- Sqr Footage57664
- Lot Size0.4332 Acres
Data Source:
California Regional MLS (CRMLS)
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.
| Price History | |
|---|---|
| 1/27/2026 | Listed $24,000,000 |
General Features
| Living Area | 57664 |
|---|---|
| Heating | WallFurnace |
| Cooling | WallWindowUnits |
| Zoning | LAC2 |
| Year Built | 1927 |
| Levels | MultiSplit |
| Gross Income | 3031971 |
| County | Los Angeles |
| Net Operating Income | 1481094 |
| New Construction | false |
| Property Type | ResidentialIncome |
| HOA | false |
| Special Listing Conditions | Standard |
| Status | ActiveUnderContract |
| Directions | Located between Van Ness Ave and Western Ave |
| City | Los Angeles |
| Senior Community Y/N | false |
| Number Of Units Total | 177 |
| MLS Area | C20 - Hollywood |
| Lot Size Units | SquareFeet |
| Lot Size Square Feet | 18871 |
| Rent Control Y/N | true |
| Standard Status | ActiveUnderContract |
| Cap Rate | 6.17 |
| PostalCity | LOS ANGELES |
Interior Features
| Total Stories | 4 |
|---|---|
| Air Conditioning Y/N | true |
| Heating Y/N | true |
Exterior Features
| Parking Features | None |
|---|---|
| Total Parking | 63 |
| Lot Size Area | 18871 |
| Number of Buildings | 1 |
| Building Area Total | 57664 |
| Lot Size Acres | 0.4332 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 90038
Price
Year Built
Based on information from California Regional Multiple Listing Service, Inc. as of September 14, 2026 11:29 PM UTC 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.
Last updated: September 14, 2026 11:10 PM UTC Property Information © 2026 
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