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Choose the special that works best for YOU! Move in by 5/25 and enjoy exclusive leasing incentives: - Up to 8 Weeks Free on select vacant ready homes - Additional $500 Look & Lease special when you apply within 24 hours of your first tour - Immediate Move-In Availability *Offer valid on select homes only. Concession amounts vary by unit and lease term. Lease must start by 5/25/26. New residents only. Restrictions apply. See leasing office for details.

modified
7 Hours Ago

Highlights

  • Rent Special
  • Pet Friendly
  • Contemporary residences
  • Smart home features
  • Modern looks

Location

1331 N Cahuenga Blvd, Los Angeles, CA 90028, USA|Central Hollywood
Hi! Let’s figure out if this property is right for you.

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Tour The Ovelo Hollywood

Contact

Management

Avenue5 Residential, LLC

Leasing office

(323) 375-3531

Open today 

9:00 am–5:00 pm PT

Property Overview

The Ovelo Hollywood delivers a strong overall experience with a 7.9/10 expert rating, highlighted by a perfect 10/10 for amenities and a 9/10 for its highly convenient location. Contemporary residences with smart home features and modern looks, extensive on-site community spaces, and a very high value-per-square-foot ranking make it a compelling, competitively priced option. With many photos, detailed property information, and an 8/10 trustworthiness score, renters get a clear and transparent view of a place that is especially supportive of an active social life.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

7.9
Very Good
The Ovelo Hollywood is worth considering and a notable rental in the neighborhood. Residents prioritizing Amenities will find this property to be a solid option for their next home. It may not stand out for Quality, but it offers a satisfying, above-average quality of life.

Things you’ll love

  • More space
  • Images Available
  • Outdoor space

Great for

  • Social life

Floor plans

S2.AStudio1 bath499 sqft$2,250–$2,902 /mo3 units available
S2Studio1 bath455 sqft$2,331–$2,710 /mo1 unit available
S3Studio1 bath482 sqft$2,358–$2,788 /mo1 unit available
0A11 bed1 bath633 sqft$2,491–$2,967 /mo2 units available
A61 bed1 bath774 sqft$2,799–$3,991 /mo5 units available
A6.A1 bed1 bath836 sqft$2,836–$3,647 /mo4 units available
A81 bed1 bath841 sqft$3,091–$3,657 /mo1 unit available
LW B1 bed1 bath870 sqft$3,166–$3,831 /mo2 units available
A41 bed1 bath757 sqft$3,257–$3,833 /mo1 unit available
A71 bed1 bath839 sqft$3,279–$3,879 /mo1 unit available
B12 bed2 bath1,112 sqft$4,255–$5,327 /mo3 units available
PH12 bed2 bath2,015 sqft$10,500–$12,221 /mo1 unit available

Let's explore this property.

Amenities for The Ovelo Hollywood

Apartment Amenities

Air ConditioningBalcony
Hardwood FloorHeating
KitchenTub/Shower

Appliances

In-Unit LaundryOven
RangeRefrigerator
Stainless Steel AppliancesWasher and Dryer

Tech

Satellite TVSky Lounge

Building

24 Hour AccessCats OK
ClubroomConference Rooms
Dogs OKResidents Lounge
Roof TerraceWheelchair Accessible

Grounds

Barbecue/Picnic AreaOutdoor Space
Swimming Pool

Services

Online Services
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

Credit Check Fee

Per-applicant. Refund Policy: Non-refundable. Fee for processing screening (per applicant).

$62.02

REQUIRED FEES

Security Deposit

One-time. Refund Policy: Refundable. Refundable deposit for damages or lease obligations.

Usage Based

Electric

Refund Policy: Non-refundable. Monthly electric charges. Amount depends on provider selection and/or usage; please contact leasing office for current pricing.

Usage Based

Gas

Refund Policy: Non-refundable. Monthly gas charges. Amount depends on provider selection and/or usage; please contact leasing office for current pricing.

Usage Based

Internet

Refund Policy: Non-refundable. Monthly Internet Service Fee. Amount depends on provider selection and/or usage; please contact leasing office for current pricing.

Usage Based

Porter Service

Refund Policy: Non-refundable. Monthly Porter Services. Amount depends on provider selection and/or usage; please contact leasing office for current pricing.

Usage Based

Sewer

Refund Policy: Non-refundable. Monthly wastewater and sewer charge. Amount depends on provider selection and/or usage; please contact leasing office for current pricing.

Usage Based

Trash

Refund Policy: Non-refundable. Monthly trash services fee. Amount depends on provider selection and/or usage; please contact leasing office for current pricing.

Usage Based

Water

Refund Policy: Non-refundable. Monthly community water services charge. Amount depends on provider selection and/or usage; please contact leasing office for current pricing.

Usage Based

Water Heating

Refund Policy: Non-refundable. Monthly water heating charge. Amount depends on provider selection and/or usage; please contact leasing office for current pricing.

Usage Based

Pest Control

Monthly. Refund Policy: Non-refundable. Pest prevention and treatment service fee.

$2

Utility Administration Fee

Refund Policy: Non-refundable. Monthly utility billing management fee. Third-Party billing administration fee.

$10

Systematic Code Enforcement Fee

Refund Policy: Non-refundable. Monthly local regulatory compliance fee.

$2.83

OPTIONAL FEES

Parking Policy

Other

Monthly EV Charging fee. Contact office for details.

Other

Parking Fee

Monthly. 2 others max. Unassigned parking.

$0

Dog Policy

Allowed

Cat Policy

Allowed

Cat

Pet Terms

2 cats max. Pet screening is now required. | Restrictions: None.

Pet Fee

One-time fee per pet.

$30

Dog

Pet Terms

2 dogs max. Pet screening is now required. | Restrictions: None.

Pet Fee

One-time fee per pet.

$30

SITUATIONAL FEES

Questions about this property’s policies and fees?

Building details

Property details

Units369
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About The Ovelo Hollywood

HomeApartments in Los AngelesCentral Hollywood The Ovelo Hollywood

The Ovelo Hollywood is a fresh new collection of contemporary residences for those looking to celebrate an exceptional quality of life in the heart of Hollywood. The building was beautifully designed to harmonize with the outdoors and offer signature amenities that give you spaces to retreat, relax and revive. Inside, the residences are styled interiors with modern looks and the latest finishes and smart home features. All of this comes together to create a truly elevated living experience in one the most connected and cultured locations in L A Images


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
7.9
/10
Very Good
The Ovelo Hollywood is worth considering and a notable rental in the neighborhood. Residents prioritizing Amenities will find this property to be a solid option for their next home. It may not stand out for Quality, but it offers a satisfying, above-average quality of life.
How we rated The Ovelo Hollywood
Price·7A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
While the monthly rent is more than the median price per bedroom of nearby properties, The Ovelo Hollywood has other amenities and features that might compensate for the increased price. The higher monthly rent potentially reflects a higher quality of living that renters might find here, compared to other properties in the area.
Amenities·10A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
The Ovelo Hollywood stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—pets allowed—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
The Ovelo Hollywood is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While The Ovelo Hollywood does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.

The Ovelo Hollywood is great for:

Social life

  • This community has public spaces on site, like fitness centers or pools
  • Community gathering spaces on-site (lounges, rooftops, etc.)
  • 406 museums, art galleries, or cultural centers within 1 mile
  • 139 local event hubs within 1 mile

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How The Ovelo Hollywood compares to other nearby properties.

Positives

More space
The 2-bedroom is 486 sqft larger than other listings nearby
More space
The 1-bedroom is 104 sqft larger than other listings nearby
Images Available
There are at least 10 photos of this address
Outdoor space
Easy access to the outdoors

Considerations

Greater distance from high schools
The nearest high school is farther than 1 mile away

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Rent trends in Central Hollywood

Studio apartments at The Ovelo Hollywood cost about 8% more than the average rent price for studios in Central Hollywood.

1-bedroom apartments here are priced 15% higher than 1-bedrooms in Central Hollywood.

If you decide to upgrade your space, you can expect 2-bedrooms at The Ovelo Hollywood to be 114% more than the average for similarly sized apartments in Central Hollywood.

Median rents as of May 9 2026.
Central Hollywood
Los Angeles
A table of studio rental data trends in Los Angeles
MonthMedian Rent
May 2024$1,750
June 2024$1,778
July 2024$1,816
August 2024$1,848
September 2024$1,848
October 2024$1,801
November 2024$1,814
December 2024$1,845
January 2025$1,848
February 2025$1,815
March 2025$1,810
April 2025$1,756
May 2025$1,745
June 2025$1,750
July 2025$1,750
August 2025$1,736
September 2025$1,702
October 2025$1,702
November 2025$1,709
December 2025$1,738
January 2026$1,739
February 2026$1,721
March 2026$1,697
April 2026$1,690
May 2026$1,650
A table of studio rental data trends in Central Hollywood
MonthMedian Rent
May 2024$2,128
June 2024$2,234
July 2024$2,225
August 2024$2,186
September 2024$2,166
October 2024$2,108
November 2024$2,114
December 2024$2,149
January 2025$2,189
February 2025$2,199
March 2025$2,183
April 2025$2,087
May 2025$2,048
June 2025$2,138
July 2025$2,056
August 2025$2,055
September 2025$2,048
October 2025$2,082
November 2025$2,201
December 2025$2,139
January 2026$2,139
February 2026$2,094
March 2026$2,187
April 2026$2,187
May 2026$2,152

Affordability calculator

Can I afford to live at 1331 N Cahuenga Blvd?

Bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$93,240/yr

With your selected rent-to-income ratio, you'd ideally want to make $93,240 annually to afford this studio median monthly rent price of $2,331.
For more information on rent affordability, visit our rent calculator.

Schools near The Ovelo Hollywood

Sophia T. Salvin Special Education Center

1925 budlong ave

los angeles, CA, 90007

K-10Public

Leadership & Public Service Virtual Academy

333 s beaudry ave 11th floor

los angeles, CA, 90017

K-12Public

Computer Science Virtual Academy

333 s beaudry ave 11th floor

los angeles, CA, 90017

K-12Public

STEAM Virtual Academy

333 s beaudry ave 11th fl

los angeles, CA, 90017

K-12Public

Virtual Academy of Business & Entrepreneurship

333 s beaudry ave 11th floor

los angeles, CA, 90017

K-12Public
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Internet available near The Ovelo Hollywood

Neighborhood

Central Hollywood | Los Angeles, CA

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Los Angeles near 1331 N Cahuenga Blvd

Walking

8/10
Grab your reusable bags–many shops and stores are within walking distance.

Driving

7/10
This area is close to freeways and has adequate parking options.

Cycling

5/10
More spots are within biking distance and some roads are cyclist-friendly.

Transit

7/10
Popular public transit options are just a short walk from this location.

Points of interest for 1331 N Cahuenga Blvd, Los Angeles

Groceries

9/10
At least one supermarket within a 10-minute walk

Shopping

9/10
Exceptional variety of shops within a few minutes’ walk

Cafes

8/10
Several cafés within a few minutes’ walk

Restaurants

9/10
Exceptional variety of restaurants within a few minutes’ walk

Primary schools

9/10
At least one elementary school within a 5-minute walk

High schools

10/10
At least one high school within a 5-minute walk

Parks

8/10
Large amount of park space nearby

Nightlife

8/10
Wide variety of bars within a few minutes' walk

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