5724-5726 La Mirada Ave - Apartments FOR SALE


Los Angeles, CA 90038- Hollywood
$1,175,000 USD
818-380-5294
5724-5726 La Mirada Ave, Los Angeles, CA for Sale
$1,175,000 USD
Apartments - FOR SALE
1/34
null | 6.91% Cap Rate

5724-5726 La Mirada Ave
Los Angeles, CA 90038
Hollywood


HIGHLIGHTS

  • Over 6.5% CAP Rate!
  • Two separate structures, including a one-story front duplex with SFR style units and a two-story rear triplex
  • Unit mix: four (4) one-bed/one-bath units and one (1) two-bed/one-bath unit
  • Three (3) on-site parking spaces
  • Located near major post-production studios, media companies, and prominent employment centers
  • Two units currently VACANT!

OVERVIEW

5724 La Mirada Avenue is located in the heart of Hollywood with an OVER 6.5% CAP RATE! Built in 1912, the property features five (5) units across two separate structures totaling appx 3,284 SF of rentable living space on a 7,500 SF, LAR3-zoned lot. The front building is a one-story duplex with SFR style units, while the rear structure is a two-story triplex. The unit mix consists of four (4) one-bedroom/one-bath units and one (1) two-bedroom/one-bath unit. The property offers three (3) on-site parking spaces, along with ample off-street parking. Two 1+1 units are currently VACANT! Positioned within one of Los Angeles’ most established and creative submarkets, the property benefits from close proximity to major post-production studios, media companies, and prominent employment centers. The surrounding area is defined by its strong lifestyle appeal, with convenient access to well-known dining and retail destinations such as Osteria La Buca, Ggiata Delicatessen, and Great White. Located less than half a mile from Echelon Studios Complex a project of 550,000 SF of new production studio, office, and retail space set to be completed this year. Its central location provides convenient connectivity to Hollywood, Koreatown, and Downtown Los Angeles and is rated “Very Walkable” with a Walk Score of 89. The property is located in the city of Los Angeles and is subject to Rent Control.

FOR SALE DETAILS

PRICE

$1,175,000 USD

PRICE/SF

$336 USD /SF

# OF UNITS

5

PRICE/UNIT

$235,000

CAP RATE

6.91%

% LEASED

60%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1912

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,423 SF

ZONING

LAR3

APN/PARCEL ID

5536-005-018

ASK ABOUT THIS PROPERTY

Nicole ApostolosEquity Union CommercialMore Info
818-380-5294

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Nicole ApostolosEquity Union CommercialMore Info
818-380-5294

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.