$1,200,000

5336 Monroe Street is a charming Spanish-style eight-unit multifamily property located in the heart of Hollywood. Built in 1923, the two-story building offers 3,680 square feet of rentable living space on a 2,999 square foot LAR2-zoned lot. The property features eight (8) studio units averaging approximately 460 square feet each. Each unit is bright, has hardwood flooring and high coved ceilings. The property also benefits from mixed copper plumbing, a newer roof, and it is separately metered for gas & electricity. Additional amenities include an on-site laundry room equipped with newer machines. Ideally situated in a prime Hollywood location, 5336 Monroe Street is positioned between Santa Monica Blvd and Melrose Ave near Western Ave. Deemed a "Walker's Paradise" with a Walk Score of 93, residents enjoy exceptional access to daily conveniences, dining and entertainment. The property is located within close proximity to Paramount Studios, numerous post-production houses, and entertainment-related offices, as well as major healthcare employers. Less than one mile away, the new Echelon Studios Complex is set to bring approximately 550,000 square feet of new production studio, office, and retail space set to open this year! Residents also benefit from easy access to nearby Larchmont Village, known for its charming boutiques and popular dining destinations such as Osteria La Buca, Dave's Hot Chicken, La Descarga, and Great White.