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5622 La Mirada Ave

Los Angeles, CA 90038
  • $3,100,000
  • STATUS: Active
  • ON SITE: 40 Days
  • MLS #: 21-796932
UPDATED: 17 min ago
$3,100,000
  • 12
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,754
    SQFT
  • $459
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1958
County:
Area:

School Ratings & Info

Description

I am pleased to present the opportunity to acquire 5622 La Mirada Avenue, a nine-unit multifamily building in prime Hollywood. As one of Los Angeles densely populated neighborhoods, this submarkets popularity has grown significantly over the recent years, with a vibrant and lively nightlife scene and trendy retail and coffee shops in the immediate area. With new ground-up development in the gentrifying area, Hollywood has been catering to young professionals, and hipsters alike in recent years. La Mirada Avenue is considered a Walkers Paradise with an 89 Walk Score and is situated a short distance from highly desirable dining and entertaining options. Current ownership has renovated approximately 67% of the units at the property with high-end finishes including new countertops, in-unit washer/dryers, new laminate flooring, and new stainless-steel appliances. The property offers investors a unique opportunity to acquire a well-maintained asset with stable operating history and remaining rental upside.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-11-28T23:42:23.103. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.searchdesertrealestate.com/homes/122571866
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5622 La Mirada Ave Los Angeles, CA 90038

  • Price: $3,100,000
  • Status: Active
  • On Site: 40 Days
  • Updated: 17 min ago
  • MLS #: 21-796932
12
Beds
0
Baths
0
½ Baths
0.17
Acres
6,754
SQFT
$459
$/SQFT
1958
Built
Neighborhood:
Hollywood
County:
Los Angeles
Area:
Hollywood
Property Description
I am pleased to present the opportunity to acquire 5622 La Mirada Avenue, a nine-unit multifamily building in prime Hollywood. As one of Los Angeles densely populated neighborhoods, this submarkets popularity has grown significantly over the recent years, with a vibrant and lively nightlife scene and trendy retail and coffee shops in the immediate area. With new ground-up development in the gentrifying area, Hollywood has been catering to young professionals, and hipsters alike in recent years. La Mirada Avenue is considered a Walkers Paradise with an 89 Walk Score and is situated a short distance from highly desirable dining and entertaining options. Current ownership has renovated approximately 67% of the units at the property with high-end finishes including new countertops, in-unit washer/dryers, new laminate flooring, and new stainless-steel appliances. The property offers investors a unique opportunity to acquire a well-maintained asset with stable operating history and remaining rental upside.
Exterior Features

Lot Size Area 7500 Other Structures None Parking Garage Covered ParkingDriveway Total Parking 7

Interior Features

Baths Total 9.00 Cooling Other Equipment Other Heating Other

Property Features

Assessed Total Value 3017160 Gross Income 183365 Gross Operating Income 179064 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 103991.00 Number Of Buildings 1 Number Of Units 9 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 75073 Type Of Units Residential Year Built Source Assessor Zoning Lar3

Listing provided courtesy of Sean Rosenzweig DRE#01406343 of Marcus & Millichap.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-11-28T23:42:23.103. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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The John Jay Group - Bennion Deville Homes
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