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Multifamily

5622 La Mirada Avenue

5622 La Mirada Ave, Los Angeles, CA 90038

Listing Price: $2,400,000

Cap Rate
5.13%
Number of Units
9
GRM
12.07
Price/Unit
$266,667
Price/Gross SF
$355.34
Gross SF
6,754

Investment Overview

The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 5622 La Mirada Avenue. The subject property is a nine-unit multifamily building located in Hollywood, just south of Sunset Boulevard and west of Western Avenue.

Hollywood continues catering to young professionals due to its proximity to a vibrant and lively nightlife scene along with trendy retail and coffee shops. La Mirada Avenue is considered a “Walker’s Paradise” with a 90 Walk Score and is situated a short distance from highly desirable dining and entertaining destinations.

Current ownership has renovated approximately 67% of the units at the property with high-end finishes including new countertops, in-unit washer/dryers (select units), new laminate flooring, and new stainless-steel appliances. The property offers investors a unique opportunity to acquire a well-maintained asset with remaining rental upside.




Investment Highlights

  • Required Seismic Retrofit Work Has Been Completed, Saving a New Investor Significant Capital and Time While Allowing for Future Capital Surcharges
  • Over 16% Remaining Rental Upside Through Further Interior Renovations and Turning the Unrenovated Units
  • Located in a Designated Opportunity Zone and May Be Eligible for Preferential Tax Treatment
  • 90 Walk Score - Walker's Paradise. Near Hollywood Boulevard, Paramount Studios, Netflix Office, Larchmont Village, and More.

Exclusively Listed By

Financing By

Multifamily

5622 La Mirada Avenue

Listing Price: $2,400,000

Cap Rate
5.13%
Number of Units
9
GRM
12.07
Price/Unit
$266,667
Price/Gross SF
$355.34
Gross SF
6,754

Investment Highlights

  • Required Seismic Retrofit Work Has Been Completed, Saving a New Investor Significant Capital and Time While Allowing for Future Capital Surcharges
  • Over 16% Remaining Rental Upside Through Further Interior Renovations and Turning the Unrenovated Units
  • Located in a Designated Opportunity Zone and May Be Eligible for Preferential Tax Treatment
  • 90 Walk Score - Walker's Paradise. Near Hollywood Boulevard, Paramount Studios, Netflix Office, Larchmont Village, and More.

Investment Overview

The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 5622 La Mirada Avenue. The subject property is a nine-unit multifamily building located in Hollywood, just south of Sunset Boulevard and west of Western Avenue. Hollywood continues catering to young professionals due to its proximity to a vibrant and lively nightlife scene along with trendy retail and coffee shops. La Mirada Avenue is considered a “Walker’s Paradise” with a 90 Walk Score and is situated a short distance from highly desirable dining and entertaining destinations. Current ownership has renovated approximately 67% of the units at the property with high-end finishes including new countertops, in-unit washer/dryers (select units), new laminate flooring, and new stainless-steel appliances. The property offers investors a unique opportunity to acquire a well-maintained asset with remaining rental upside.

Exclusively Listed By

Financing By

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