5830 La Mirada Ave - Apartments FOR SALE


Los Angeles, CA 90038- Hollywood
$1,695,000 USD
818-448-4415
5830 La Mirada Ave, Los Angeles, CA for Sale
$1,695,000 USD
Apartments - FOR SALE
1/12
null | 6.15% Cap Rate

5830 La Mirada Ave
Los Angeles, CA 90038
Hollywood


HIGHLIGHTS

  • Prime Hollywood Location
  • Good Unit Mix - Seven (7) One-Bedroom and Three (3) Two-Bedroom Units
  • One (1) Unit Delivered Vacant and Renovated
  • Strong Initial Return - 6.15% Cap Rate
  • Solid Rental Upside Potential (+55%)
  • Classic Spanish-Style Architecture

OVERVIEW

Marcus and Millichap is pleased to present a ten (10) unit apartment building located at 5830 La Mirada Avenue in Los Angeles, California. The subject property is located in a prime Hollywood location, south of Sunset Boulevard and east of Gower Street. Located in a prime Hollywood neighborhood, the property features a strong unit mix of seven one-bedroom and three two-bedroom units, including one vacant, fully renovated unit, and offers solid rental upside. The building showcases classic Spanish-style architecture complemented by mature, large-scale trees that enhance curb appeal and provide natural shade. Residents benefit from direct access to major commercial corridors including Santa Monica, Hollywood, and Sunset Boulevards, as well as Western Avenue and the 101 Freeway. The property is near the Hollywood/Vine Metro B Line, and is minutes from major retailers, dining, healthcare, and iconic Hollywood entertainment destinations. This property’s prime location, strong initial cash flow, vacant renovated unit allowing immediate market rents, and substantial rental upside combine to create a compelling opportunity for near-term income growth and long-term value appreciation.

FOR SALE DETAILS

PRICE

$1,695,000 USD

PRICE/SF

$203 USD /SF

# OF UNITS

10

PRICE/UNIT

$169,500

CAP RATE

6.15%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1929

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,503 SF

ZONING

R4-2, Los Angeles

APN/PARCEL ID

5534-019-022

ASK ABOUT THIS PROPERTY

Jason TuviaMarcus & MillichapMore Info
818-448-4415

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Jason TuviaMarcus & MillichapMore Info
818-448-4415

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