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5830 La Mirada Ave

5830 La Mirada Ave, Los Angeles, CA 90038
Available Now
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FOR SALEMultifamily / Apartments Building
Cap Rate
6.15%
NOI
$104,252
Building Size
8,353SF
APN
5534-019-022
Lot Size
7503SF
Year Built
1929
Listing Contacts
Senior Managing Director Investments
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More property details

Zoning
LAR3-1
Currently Leased
No
No of Buildings
1
No of Stories
2
Units
10

Location

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5830 La Mirada Ave
About the location

Marcus & Millichap is pleased to present a 10-unit apartment property located at 5830 La Mirada Avenue in Los Angeles, California. Situated in a prime Hollywood location just south of Sunset Boulevard and east of Gower Street, the property benefits from excellent access to major employment, retail, and entertainment corridors. The building offers a desirable unit mix of seven one-bedroom and three two-bedroom units, including one vacant, fully renovated unit that provides immediate rental upside. Featuring classic Spanish-style architecture and mature, large-scale trees that enhance curb appeal and provide natural shade, the property offers strong tenant appeal. Residents enjoy convenient access to Santa Monica, Hollywood, and Sunset Boulevards, Western Avenue, the 101 Freeway, and the Hollywood/Vine Metro B Line, as well as nearby dining, retail, healthcare, and iconic entertainment destinations. With its strong in-place cash flow, immediate opportunity to capture market rents, and long-term appreciation potential, this asset represents a compelling investment opportunity in one of Los Angeles’ most sought-after submarkets.

Documents

FILE
5830 La Mirada Ave - OM.pdf
8.12 MB · Listing document
5830 La Mirada Ave
8,353 SF · multifamily · United States · CA
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