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
MLS# | 24397255 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Active |
Year | 1954 |
Days On Site | 162 |
Listing Provided By | Marcus & Millichap 310-909-5500 | Neema Ahadian |
Bed(s) | 8 |
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Bath(s) | 8 |
SQ Feet | 5,481 |
Units | 8 |
Building(s) | 1 |
Zoning | LAR3 |
Acreage | 0.17 |
State | CA |
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County | Los Angeles |
City | Los Angeles |
Zip Code | 90038 |
Area | C20 Hollywood |
Listing VS Median (in 90038) | |
Price: $1,650,000 low | high Med: $739,400 SqFt: 5,481 low | high Med: 1,023 $ / SqFt: $301 low | high Med: $754 On Site: 162 low | high Med: 80.000000 |