Properties | Studios at Bronson

Studios at Bronson

Fully Renovated Turn-Key Asset

1417 N. Bronson Ave | Hollywood, CA

Sales Price: $10,600,000

Units: 47

Price per Unit: $230,851

Price per Sq. Ft.: $461.31

Current CAP: 4.86%

Current GRM: 13.05

Market CAP: 5.24%

Market GRM: 12.38

Year Built: 1928

Lot Size Sq. Ft.: 7,971

Gross Bldg. Sq. Ft.: 25,520

Close of Escrow: 12/1/2017

 The Harris Group, as the exclusive listing agent, is pleased to present the opportunity to acquire Studios at Bronson, a fully renovated 47-unit multifamily community located at 1417 N Bronson Ave. in Hollywood, CA. Studios at Bronson is comprised of one building totaling 23,250 gross square feet. The asset was fully remodeled in the last 24 months featuring full system upgrades, vibrant exterior paint, new windows, and full interior improvements. The property boasts luxurious units with stainless steel appliances and fixtures, updated cabinetry, hard surface countertops, vinyl plank flooring, bright & spacious layouts with natural lighting throughout. The property is comprised of all studio units averaging 428 square feet, many of which offer views of the Hollywood sign and other landmarks.

Studios at Bronson benefits from it’s premier location in the heart of Hollywood. Located across the street from the 300,000 sq. ft. Sunset Bronson Studios, one block from Sunset Blvd, and adjacent to 10M total sq. ft. of office and retail space, Studios at Bronson is positioned to experience sustained and consistent rent growth over the coming market cycle and represents a rare opportunity to acquire a turnkey property located in one of the most desirable neighborhoods in all of Los Angeles.

  • Opportunity to Acquire a Turnkey Fully Renovated Asset in the Prime Hollywood Submarket
  • Fully Renovated Units Featuring Stainless Steel Appliances and Fixtures, New Cabinetry, Hard Surface Countertops, and Vinyl Plank Flooring
  • Over $1,430,000 Dollars Spent On Renovations in the Last 2 Years
  • Across the Street From Sunset Bronson Studios: a 308,000 Sq. Ft. Motion Picture, Radio, and Television Production Facility, and Adjacent to over 6M Sq. Ft. of Office Space and 4.8M Sq. Ft. of Retail Space
  • Sunset Bronson Studios Further Expansion Will Include a 14 Story Office Tower, the“Icon”: Home to Netflix Production Offices and a Five-Story, 90,000 Sq. Ft. Production Building Known as the Hub.
  • Steps Away From “Epic”, a New 15 Story, 300,000 Sq. Ft. High-Rise Office Space
  • Hollywood is Well Poised for Economic Growth Due to a Large Presence in the Healthcare, Entertainment, Business Services, and a Growing Hospitality & Tech/Start-Up Industry
  • Affordability Gap of 291.38% - Homeownership vs. Renting at Studios at Bronson- Heightening Demand for High-Quality Multifamily Housing