
Los Angeles, California 90038
This luxury 5-unit multifamily High-Potential Investment Opportunity is listed at a List Price of $3,195,000. While currently priced above the $2,912,443 Fair Market Value, the asset offers a stable 5.40% cap rate and immediate cash flow from four leased units. Featuring a Mint Condition Rating (built 2021), this turnkey property includes modern designer finishes, central HVAC, and separately metered utilities. Its prime Hollywood location near major studios ensures long-term rental demand. This is a premier acquisition for Buy-and-Hold Investors or Institutional Portfolios seeking a low-maintenance, high-quality asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1255 N Gower Street Subject 0 bd · 0 ba · 6,091 sqft · $478 | $3,195,000* List Price | 0 | 0 | 6,091 | $478 | - |
A 961 N St Andrews Pending 0 bd · 0 ba · 6,488 sqft · $370 · 0.8 mi | $2,400,000 List Price | 0 | 0 | 6,488 | $370 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2021, this luxury new-construction property is less than 10 years old and in mint condition. It features modern designer finishes, stainless steel appliances, central HVAC, and custom built-ins, making it a turnkey asset with no maintenance required.
Built in 2021, this luxury 5-unit property features contemporary architecture and high-end finishes, offering a low-maintenance investment with no immediate capital expenditure required.
Boasting a 5.40% cap rate with four units already leased at market rents, the property provides immediate cash flow and simplified management via separately metered utilities.
Ideally situated near major studios like Paramount and Netflix, the property benefits from high rental demand and proximity to Larchmont Village and prime entertainment hubs.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 6091, other record living area = 1260.
At approximately $639,000 per unit, the high entry price may limit the investor pool and requires a significant down payment compared to older multifamily assets in the area.
With only eight parking spaces for five units—four of which are 3-bedroom residences—parking may become a point of contention for households with multiple vehicles.
1255 N Gower St is an exceptional opportunity to acquire a luxury new-construction 5-unit multifamily property in the heart of Hollywood. Featuring modern architecture, elevated designer finishes, custom built-ins, oversized windows, and thoughtfully designed interiors, this turnkey asset offers investors a high-quality, low-maintenance investment in one of Los Angeles' most desirable rental markets. Spanning approximately 6,091 square feet across two buildings, the property features four spacious 3-bedroom residences and one 2-bedroom unit, each offering stainless steel appliances, central HVAC, in-unit laundry, modern finishes, and balconies. All five units are currently leased at market rents, providing immediate cash flow and established rental income. All utilities are separately metered, and the property includes eight on-site parking spaces, helping minimize operating expenses and simplify management. Offered at $3,195,000, the property delivers a 5.40% cap rate, approximately $224,880 in annual gross potential rental income, and an attractive basis of $639,000 per unit. Ideally located near Larchmont Village, Melrose Avenue, Santa Monica Boulevard, and Hollywood Boulevard, the property benefits from proximity to Paramount Pictures, Sunset Gower Studios, Netflix, and some of L.A.'s most popular dining, shopping, and entertainment destinations. With luxury construction, strong existing rental income, separately metered utilities, and a prime Hollywood location, 1255 N Gower St presents an opportunity to acquire a modern multifamily investment with long-term rental appeal.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 4.5 |
| Baths | 0.0 | 2.9 |
| Square foot | 6,091 | 2,090.331 |
| Lot Size | 6,508 | 5,852.908 |
| Price | $3.19M | $830.9K |
| Price per sq ft | $525 | $394 |
| Built year | 2021 | 1928 |
| HOA | $0 | $0 |
| Days on market | 29 | 87 |
Oct 11, 2026
$3,195,000
Initial Listing
Dec 16, 2019
$1,190,000
Public Record