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5622 La Mirada Avenue

Los Angeles (City), CA 90038
  • $2,800,000
  • STATUS: Active
  • ON SITE: 19 Days
  • ID#: 22183217
UPDATED: 41 min ago
$2,800,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1958
County:

School Ratings & Info

Listing Agent(s): Sean Rosenzweig of Marcus & Millichap (213-943-1800)


Description

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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-16T18:40:19.19. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Massa & Associates Real Estate Group | eXp California Realty Inc. Licensed in the State of California, USA.
www.itsyourmovesandiego.com/homes/131327120
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5622 La Mirada Avenue Los Angeles (City), CA 90038

  • Price: $2,800,000
  • Status: Active
  • On Site: 19 Days
  • Updated: 41 min ago
  • ID#: 22183217
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1958
Built
Neighborhood:
C20 - Hollywood
County:
Los Angeles
Area:
C20 - Hollywood
Property Description
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.
Exterior Features

Parking Features CoveredDriveway Parking Total 7

Property Features

Association Fee 0 Gross Income 183365 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 105753 New Construction YN No Senior Community YN No Special Listing Conditions Standard Zoning Lar3



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-16T18:40:19.19. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Massa & Associates Real Estate Group | eXp California Realty Inc. Licensed in the State of California, USA.
 
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Massa & Associates Real Estate Group | eXp California Realty Inc
848 Prospect St
La Jolla CA, 92037
Listing Agent(s): Sean Rosenzweig of Marcus & Millichap (213-943-1800)