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5700-5704 La Mirada Ave
Los Angeles, CA 90038
10.9 Current GRM | 15K+ SF Corner Lot-T2 TOC · Multifamily Property For Sale
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13 Units
Investment Highlights
- Attractively Priced at a 10.98 Current GRM and Only $222,308 per Unit
- Excellent Hollywood Rental Market -- Adjacent to Hancock Park, Melrose Hill, and Koreatown
- Not on LADBS Seismic Retrofit List (Buyer to Verify)
- Value-Add Opportunity – Current Rents Approximately 16% Below Market Rates
- Four Buildings Spanning Two Separate Parcels, Including a Corner Lot
- Large 15,090 Square Foot Lot Zoned LAR3 with a Tier 2 TOC Designation and ED1 Eligibility
Property Facts
| No. Units | 13 | Lot Size | 0.35 AC |
| Property Type | Multifamily | Building Size | 8,445 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1943 |
| Building Class | C | ||
| Zoning | LAR3 - Multiple Dwelling R2 Uses, Apartment Houses, Multiple Dwellings, Child Care (20 max | ||
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 8,445 SF |
| No. Stories | 1 |
| Year Built | 1943 |
| Zoning | LAR3 - Multiple Dwelling R2 Uses, Apartment Houses, Multiple Dwellings, Child Care (20 max |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 11 | $1,534 | 600 |
| 1+2 | 1 | $2,300 | 625 |
| 2+1 | 1 | $2,488 | 800 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,810,507 | |
| Land Assessment | $1,160,584 | Total Assessment | $2,971,091 |
Property Taxes
Parcel Numbers
Land Assessment
$1,160,584
Improvements Assessment
$1,810,507
Total Assessment
$2,971,091
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