Highest Cap rate, Lowest GRM ! Exceptional chance to own a multifamily property in a thriving Hollywood location, surrounded by multimillion-dollar developments. This offering includes both 5700 La Mirada and 5704 La Mirada Ave,.4 buildings,13 units across 15,000 sq. ft. of R3-zoned land, providing immediate rental income (estimated 7% cap) and future development potential. Nine units have been remodeled, enhancing value and appeal. Whether you’re looking to maximize returns now or pursue a larger redevelopment project, this prime location offers incredible growth potential. Don’t miss out on this rare opportunity! This sale includes 4 buildings and 2 APNS (5536-005-013 & 5536-005-014). All income and expenses are estimated. Buyers and buyers’ agent to verify.
Property Details
Price:
$2,469,000
MLS #:
25492209
Status:
Active
Baths:
0
Address:
5700 La Mirada Avenue
Type:
Residential Income
Neighborhood:
c20hollywood
City:
Los Angeles
Listed Date:
Feb 3, 2025
State:
CA
ZIP:
90038
Lot Size:
15,094 sqft / 0.35 acres (approx)
See this Listing
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Schools
Interior
Exterior
Garage Spaces
5.00
Parking Features
Assigned
Parking Spots
13.00
Stories Total
2
Financial
Map
Community
- Address5700 La Mirada Avenue Los Angeles CA
- AreaC20 – Hollywood
- CityLos Angeles
- CountyLos Angeles
- Zip Code90038
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5700 La Mirada Avenue
Los Angeles, CA
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