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5724-5726 La Mirada Ave 5 Unit Apartment Building $1,175,000 ($235,000/Unit) 6.91% Cap Rate Los Angeles, CA 90038
Investment Highlights
- Over 6.5% CAP Rate!
- Unit mix: four (4) one-bed/one-bath units and one (1) two-bed/one-bath unit
- Located near major post-production studios, media companies, and prominent employment centers
- Two separate structures, including a one-story front duplex with SFR style units and a two-story rear triplex
- Three (3) on-site parking spaces
- Two units currently VACANT!
Executive Summary
5724 La Mirada Avenue is located in the heart of Hollywood with an OVER 6.5% CAP RATE! Built in 1912, the property features five (5) units across two separate structures totaling appx 3,284 SF of rentable living space on a 7,500 SF, LAR3-zoned lot. The front building is a one-story duplex with SFR style units, while the rear structure is a two-story triplex. The unit mix consists of four (4) one-bedroom/one-bath units and one (1) two-bedroom/one-bath unit. The property offers three (3) on-site parking spaces, along with ample off-street parking. Two 1+1 units are currently VACANT!
Positioned within one of Los Angeles’ most established and creative submarkets, the property benefits from close proximity to major post-production studios, media companies, and prominent employment centers. The surrounding area is defined by its strong lifestyle appeal, with convenient access to well-known dining and retail destinations such as Osteria La Buca, Ggiata Delicatessen, and Great White. Located less than half a mile from Echelon Studios Complex a project of 550,000 SF of new production studio, office, and retail space set to be completed this year. Its central location provides convenient connectivity to Hollywood, Koreatown, and Downtown Los Angeles and is rated “Very Walkable” with a Walk Score of 89.
The property is located in the city of Los Angeles and is subject to Rent Control.
Positioned within one of Los Angeles’ most established and creative submarkets, the property benefits from close proximity to major post-production studios, media companies, and prominent employment centers. The surrounding area is defined by its strong lifestyle appeal, with convenient access to well-known dining and retail destinations such as Osteria La Buca, Ggiata Delicatessen, and Great White. Located less than half a mile from Echelon Studios Complex a project of 550,000 SF of new production studio, office, and retail space set to be completed this year. Its central location provides convenient connectivity to Hollywood, Koreatown, and Downtown Los Angeles and is rated “Very Walkable” with a Walk Score of 89.
The property is located in the city of Los Angeles and is subject to Rent Control.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,175,000 | Building Class | C |
| Price Per Unit | $235,000 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 3,284 SF |
| Cap Rate | 6.91% | Average Occupancy | 60% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1912 |
| Property Subtype | Apartment | Parking Ratio | 0.91/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | LAR3 | ||
| Price | $1,175,000 |
| Price Per Unit | $235,000 |
| Sale Type | Investment |
| Cap Rate | 6.91% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 3,284 SF |
| Average Occupancy | 60% |
| No. Stories | 2 |
| Year Built | 1912 |
| Parking Ratio | 0.91/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LAR3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1 | 1 | - | - |
1 1
Walk Score®
Very Walkable (89)
Property Taxes
| Parcel Number | 5536-005-018 | Improvements Assessment | $348,173 |
| Land Assessment | $1,109,517 | Total Assessment | $1,457,690 |
Property Taxes
Parcel Number
5536-005-018
Land Assessment
$1,109,517
Improvements Assessment
$348,173
Total Assessment
$1,457,690
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5724-5726 La Mirada Ave
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