Leonardo Laterza of Marcus & Millichap, as the exclusive listing agent, is proud to present an exceptional investment opportunity to acquire 5322 Virginia Ave in Hollywood. The subject property is a 9-unit multifamily building located North of Santa Monica Blvd and between Serrano Ave & Hobart Blvd. INVESTMENT HIGHLIGHTS: • Built in 1958, this asset consists of a very favorable unit mix consisting of six 1 Bed/1 Bath units, two 2 Bed/2 Bath units, and one 2 Bed/1 Bath unit. Additionally, four out of nine units have undergone extensive interior renovations including brand-new vinyl plank floors, high-end quartz countertops, all brand-new appliances and light fixtures, new bathroom vanity, new windows, and new electrical circuit breakers. • The building comes with 7 parking spaces, and the Government-required seismic retrofitting has been completed saving any investor substantially in capital and time. • The building is separately metered for gas and electricity and it comes with a laundry room on-site with one washer and one dryer. • This offering presents a rare chance to acquire a well-located value add opportunity in the Hollywood area with a 35% rental upside demonstrated by an 9.01 %proforma CAP rate where investors will have the opportunity to increase cash flow through strategic property management significantly, potential ADU conversion, expense reduction through RUBS, and the unit turnover. • With a walk-score of 92 “Walker’s Paradise”, the property is easily accessible to some of the most iconic neighborhoods and sites in Hollywood and Los Angeles. With easy access to 101 Freeway, it allows for an easy commute to Downton LA, and major local Hollywood attractions such as the Hollywood Walk of Fame, Griffith Observatory, Paramount Pictures Studios, Los Angeles City College, Kaiser Permanente Medical Center.