$ 1,650,000
5806 La Mirada AVE Los Angeles, CA 90038
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$ 1,650,000
Est. payment /mo
Price Dropped by $25K
5806 La Mirada AVE Los Angeles, CA 90038
8 Beds
8 Baths
5,481 SqFt
UPDATED:
10/11/2024 05:59 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,481 sqft
Price per Sqft $301
MLS Listing ID 24397255
Bedrooms 8
HOA Y/N No
Year Built 1954
Lot Size 7,501 Sqft
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 C20 - Hollywood
Zoning LAR3
Interior
Heating None
Cooling None
Fireplace No
Exterior
Garage None
Parking Type None
Building
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5534019017
Special Listing Condition Standard
Listed by Neema Ahadian • Marcus & Millichap