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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 43% 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

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Additional Information
Marcus & Millichap
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CLW-C104547
CLW-X7515101
Neema
5534019017
: Standard
Multi/Split
32

Multi-Family For Sale

5806 La Mirada Avenue, Los Angeles, California 90038

5,481 Sqft
$1,795,000
Listing ID #24397255
Basic Details
Status : Active
DaysOnMarket : 62
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24397255
Price : $1,795,000
Living Area : 5,481 Sqft
Lot Size : 7,503 Sqft
Year Built : 1954
Country : US
State : California
County : Los Angeles
City : Los Angeles
Zipcode : 90038
Price Per Square Foot : $327
ModificationTimestamp : 2024-07-09 17:48:22
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