1225 N Gower St,
Hollywood
Luxury New Construction 5-Unit in Prime Hollywood
1255 N Gower St is a luxury new-construction 5-unit multifamily property in prime Hollywood, offered at $3,195,000 with a 5.40% cap rate and an attractive basis of $639K per unit. Spanning 6,091 square feet across two buildings, the property features four spacious 3-bedroom residences and one 2-bedroom unit, complete with designer finishes, custom built-ins, oversized windows, private balconies, central HVAC, in-unit laundry, and eight parking spaces. Already 100% leased at market rents, this turnkey asset offers immediate cash flow. Separately metered utilities and a prime location make this an exceptional investment opportunity in one of LA's most desirable rental markets.
The Important
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$3,195,000
5-Unit
For Sale
5
2021
5.40%
14.21
$224,880/Year
6,091 sqft
6,508 sqft
$524.54
$639,000
3x 3b/3.5b, 1x 3b/3b, 1x 2b/2b
Yes
8 Parking Spaces
Yes
Other Features:
Balconies, Designer Finishes & Fixtures, Stainless Steel Appliances, Over 70% Leased, Custom Built-Ins, Large Windows
The Highlights
Luxury New Construction 5-Unit in Prime Hollywood, featuring modern architecture, designer finishes, custom built-ins, oversized windows, and thoughtfully designed interiors.
Strong 5.40% Cap Rate with approximately $224,880 in annual gross potential rental income, offering investors immediate cash flow in a highly desirable Hollywood location.
100% Leased at Market Rents, providing established rental income and cash flow on day one.
Attractive $639K Per Unit Basis, offered at $3,195,000 for approximately 6,091 square feet of luxury construction across two buildings.
Desirable Mix of Spacious 2- and 3-Bedroom Residences, including three 3-bedroom/3.5-bathroom units, designed to attract professional renters, roommates, and families.
Premium Modern Amenities including stainless steel appliances, central HVAC, in-unit washers/dryers, designer kitchens and bathrooms, and private balconies.
Separately Metered Utilities & 8 On-Site Parking Spaces, helping minimize operating expenses while providing convenience for tenants and simplified management for ownership.
Prime Hollywood Location Near Major Entertainment Employers, including Paramount Pictures, Sunset Gower Studios, and Netflix, with convenient access to Larchmont Village, Melrose Avenue, and Hollywood Boulevard.
The Neighborhood
<15-Minute Walk
Paramount Pictures, Osteria La Buca, Little Fish, The Edmon, Dayglow, Osteria Mamma, Project Bloom, Mario’s Peruvian, Astro Burger, Nue Studio & Cafe, Tamales Veracruz, and RE Out of Office Coffee
<15-Minute Drive
Great White, Go Get Em Tiger, Larchmont Village, Cafe Gratitude, Salt & Straw, Chevalier’s Books, Mr. T, Stir Crazy, Jemma, Musso & Frank, Netflix, Sunset Gower Studios, Hollywood Walk of Fame, and TCL Chinese Theatre
<$15 Uber Ride
The Grove, Farmers Market, Griffith Observatory, Runyon Canyon, Silver Lake Reservoir, Sunset Junction, Erewhon, Courage Bagels, Sqirl, The LINE LA, République and Academy Museum
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