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5830 La Mirada Ave
Los Angeles, CA 90038
Multifamily Property For Sale
·
10 Units
Investment Highlights
- Prime Hollywood Location
- One (1) Unit Delivered Vacant and Renovated
- Solid Rental Upside Potential (+55%)
- Good Unit Mix - Seven (7) One-Bedroom and Three (3) Two-Bedroom Units
- Strong Initial Return - 6.15% Cap Rate
- Classic Spanish-Style Architecture
Executive Summary
Marcus and Millichap is pleased to present a ten (10) unit apartment building located at 5830 La Mirada Avenue in Los Angeles, California. The subject property is located in a prime Hollywood location, south of Sunset Boulevard and east of Gower Street.
Located in a prime Hollywood neighborhood, the property features a strong unit mix of seven one-bedroom and three two-bedroom units, including one vacant, fully renovated unit, and offers solid rental upside. The building showcases classic Spanish-style architecture complemented by mature, large-scale trees that enhance curb appeal and provide natural shade. Residents benefit from direct access to major commercial corridors including Santa Monica, Hollywood, and Sunset Boulevards, as well as Western Avenue and the 101 Freeway. The property is near the Hollywood/Vine Metro B Line, and is minutes from major retailers, dining, healthcare, and iconic Hollywood entertainment destinations.
This property’s prime location, strong initial cash flow, vacant renovated unit allowing immediate market rents, and substantial rental upside combine to create a compelling opportunity for near-term income growth and long-term value appreciation.
Located in a prime Hollywood neighborhood, the property features a strong unit mix of seven one-bedroom and three two-bedroom units, including one vacant, fully renovated unit, and offers solid rental upside. The building showcases classic Spanish-style architecture complemented by mature, large-scale trees that enhance curb appeal and provide natural shade. Residents benefit from direct access to major commercial corridors including Santa Monica, Hollywood, and Sunset Boulevards, as well as Western Avenue and the 101 Freeway. The property is near the Hollywood/Vine Metro B Line, and is minutes from major retailers, dining, healthcare, and iconic Hollywood entertainment destinations.
This property’s prime location, strong initial cash flow, vacant renovated unit allowing immediate market rents, and substantial rental upside combine to create a compelling opportunity for near-term income growth and long-term value appreciation.
Property Facts
| Price Per Unit | $169,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 6.15% | Building Size | 8,353 SF |
| Gross Rent Multiplier | 9.84 | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1929 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R4-2, Los Angeles | ||
| Price Per Unit | $169,500 |
| Sale Type | Investment |
| Cap Rate | 6.15% |
| Gross Rent Multiplier | 9.84 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 8,353 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1929 |
| Opportunity Zone |
Yes |
| Zoning | R4-2, Los Angeles |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | 500 |
| 2+1 | 3 | - | 850 |
Property Taxes
| Parcel Number | 5534-019-022 | Improvements Assessment | $697,068 |
| Land Assessment | $1,560,600 | Total Assessment | $2,257,668 |
Property Taxes
Parcel Number
5534-019-022
Land Assessment
$1,560,600
Improvements Assessment
$697,068
Total Assessment
$2,257,668
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