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5724-5726 La Mirada Ave 5 Unit Apartment Building $1,195,000 ($239,000/Unit) 6.61% Cap Rate Los Angeles, CA 90038
EXECUTIVE SUMMARY
Exceptional investment opportunity in the heart of the Prime Hollywood Redevelopment Area! This centrally located La Mirada property sits within an R3-zoned neighborhood, offering outstanding potential for both investors ,developers and owner-users . The property is comprised of two separate structures: a charming front duplex and a rear two-story triplex. Residents enjoy ample off-street parking, lush gardens, and inviting common areas providing a serene and private atmosphere in a highly desirable urban setting. An ideal opportunity for an owner-user to combine a front or rear unit for personal use while benefiting from additional rental income. Please do not disturb tenants. Income and expenses are estimated, buyers to verify. 5724 has one (1) unit that is available as well as the unit next to it!
PROPERTY FACTS
| Price | $1,195,000 | Building Class | C |
| Price Per Unit | $239,000 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 3,500 SF |
| Cap Rate | 6.61% | Average Occupancy | 60% |
| Gross Rent Multiplier | 10.2 | No. Stories | 2 |
| No. Units | 5 | Year Built | 1912 |
| Property Type | Multifamily | Parking Ratio | 0.8/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R3, Los Angeles - multiple dwelling zone | ||
| Price | $1,195,000 |
| Price Per Unit | $239,000 |
| Sale Type | Investment |
| Cap Rate | 6.61% |
| Gross Rent Multiplier | 10.2 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 3,500 SF |
| Average Occupancy | 60% |
| No. Stories | 2 |
| Year Built | 1912 |
| Parking Ratio | 0.8/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R3, Los Angeles - multiple dwelling zone |
AMENITIES
UNIT AMENITIES
- Kitchen
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+1 | 3 | - | - |
1 1
Walk Score®
Very Walkable (89)
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5724-5726 La Mirada Ave
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