13

5622 LA MIRADA AVE Los Angeles, CA 90038

$2,950,000

12

Bedrooms

9

Total Baths

Full Baths

6,754

Square Feet

0.17

Acres

1958

Year Built

Active

Status

MLS#

21-796932

Listed By Sean Rosenzweig
Marcus & Millichap

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.

Details


Interior
Bathrooms Total
9
Bedrooms Total
12
Living Area
6,754 SqFt.

Building And Construction
Number Of Units Total
9
Property Sub Type
Multi Family
Property Type
Residential Income
Year Built
1958

Exterior And Lot
Lot Size Acres
0.1722
Lot Size Square Feet
7501
Parking Total
7
Zoning
LAR3

Utilities
Cooling
Other
Heating
Other

Area And Schools
City
Los Angeles
County Or Parish
Los Angeles

Additional Info
GrossOperatingIncome
179064
GrossRentMultiplier
16.09
PricePerSqFt
436.78

Listing Office Marcus & Millichap, 213-943-1800

MLS# 21-796932

Updated 10:19PM - 1/20/2022

Listing Agent Sean Rosenzweig, 213-943-1897

The multiple listings information is provided by The MLS?/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2022 The MLS?/CLAW. All Rights Reserved. The information provided is for consumers? personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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