5757 La Mirada Ave - Apartments FOR SALE


Los Angeles, CA 90038- Hollywood
$3,995,000 USD
718-406-3128
5757 La Mirada Ave, Los Angeles, CA for Sale
$3,995,000 USD
Apartments - FOR SALE
1/15
null | 5.34% Cap Rate

5757 La Mirada Ave
Los Angeles, CA 90038
Hollywood


HIGHLIGHTS

  • ~33% Rental Upside Potential
  • Highly Desirable Hollywood Location
  • Located in a Qualified Opportunity Zone – Significant Tax Benefits
  • Surrounded by World-Renowned Entertainment Studios
  • Rare Investment Opportunity in the Thriving Hollywood Submarket

OVERVIEW

~33% Rental Upside Potential This property offers a significant value-add opportunity with current rental rates below market value. Investors can capitalize on approximately 33% rental upside by making strategic upgrades, enhancing tenant appeal, and maximizing income potential. Highly Desirable Hollywood Location Positioned just three blocks north of Santa Monica Boulevard on La Mirada Ave, this property boasts a prime location within Hollywood. Residents enjoy convenient access to upscale dining, shopping, and entertainment, enhancing tenant demand. Located in a Qualified Opportunity Zone – Significant Tax Benefits Investors can take advantage of substantial tax incentives by leveraging this property’s Qualified Opportunity Zone designation, making it an excellent long-term hold. Surrounded by World-Renowned Entertainment Studios Hollywood’s most prestigious studios are just minutes away, fueling demand from entertainment industry professionals: • Netflix HQ – The leading streaming service with more than 300 million paid subscribers across 190+ countries, has a workforce of nearly 14,000 employees. One of its company’s headquarters is situated just a block away from 5757 La Mirada Ave. • Paramount Pictures, Universal Studios, Warner Bros., & Walt Disney Studios –Outside of Netflix, other major entertainment powerhouses, vast employers in their own right, are located within a few miles. Rare Investment Opportunity in the Thriving Hollywood Submarket For investors looking to establish a strong foothold in one of LA’s most dynamic rental markets, this property presents a rare chance to acquire a well-positioned asset with significant growth potential.

FOR SALE DETAILS

PRICE

$3,995,000 USD

PRICE/SF

$279 USD /SF

# OF UNITS

20

PRICE/UNIT

$199,750

CAP RATE

5.34%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

La Mirada Apartment

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1954

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,776 SF

ZONING

LAR3

APN/PARCEL ID

5536-001-012

ASK ABOUT THIS PROPERTY

Sam LiberowMarcus & MillichapMore Info
718-406-3128

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Sam LiberowMarcus & MillichapMore Info
718-406-3128

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.