5806 La Mirada Avenue Active

Los Angeles,CA 90038

$ 1650000

- Bed

0 Bath

5481 SqFt


Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 5,481 sqft

Price per Sqft $301

MLS Listing ID CL24397255

HOA Y/N No

Year Built 1954

Lot Size 7,503 Sqft

Acres 0.17

Property Description

5806La Mirada Ave, a value add multifamily investment opportunity inHollywood located between N Van Ness Ave & N Bronson Ave. The subject property is 100% occupied and totals eight units, allone-bedrooms; rents are below market with over 39% upside asunits turn. There are four carports at the rear of the property along withthree additional parking spaces; an on-site community laundryroom with one washer and one dryer allows ownership to collectadditional income; gas and electricity are also separately meteredand tenants pay for trash removal. 5806 La Mirada Ave boasts a high walk score of 87 and is three blockseast of Sunset Gower Studios and just south of Netflix o n S unsetBlvd; there are plentiful retail amenities close to Santa Monica Blvd and Sunset Blvd. Hollywood remains one of the strongest rental submarkets in the cityand an attractive area to acquire property due to its close proximityto nearby neighborhoods such as Larchmont Village, Hancock Park,Los Feliz, West Hollywood, La Brea, and Koreatown

Location

State CA

County Los Angeles

Area Listing

Zoning LAR3

Interior

Heating None

Cooling None

Fireplace No

Building

New Construction No

Others

Tax ID 5534019017

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