$2,500,000 Price Analysis   ♡   Los Angeles, CA 90029 12 bed 10 bath 8,646 SqFt ($289/SqFt) 7,502SqFt lot. Built 1965 Listed 2024-03-22, Taxes $8,593 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
The 5345 La Mirada Avenue Hollywood Apartment building as an investment opportunity to acquire a 10-unit
3-story building with ground-level parking that has many recent renovations. Th building has a strong unit mix of large units made up of (2) two-bedrooms and (8) one-bedrooms. These large units are 800 sf for the two-bedrooms and 600 sf for the one-bedrooms. These sizeable units have city views and are well-lit. Five of the units have been completely renovated with new Kitchens, new Bathrooms, large new dual-pane windows, new Kitchen and Bathroom fixtures, large mirrored door Closets and Brand new Paint. These must-see units offer hardwood flooring, A/C units, ample storage and ceiling fans. The two (2) bedroom end units feature windows on three sides of each unit with fantastic city views of Hollywood and DTLA. The (1) bedroom units have incredible East and West views of the city. The building is well-maintained and professionally managed and is in exceptional condition. The building has new exterior paint, is beautifully landscaped and there is ample parking with (8) tandem covered and (2) covered single parking spaces.
The property has security fencing and a secured gated entrance for walking and parking accessibility. There is an on-site laundry facility for 24-hour tenant use. The building is separately metered for both gas and electricity. There are remote security cameras throughout the property that allow ownership 24-hour viewing access. There is an excellent ADU opportunity for this deal with the (8) large tandem parking spac es in the ground-level parking area. In addition, there is a large owner unit-type space that could easily be converted into an ADU space. This is an incredible opportunity to take advantage of LA's need to add more housing and increase capital through building ADUs on land you already own. The property is located in a quiet Hollywood neighborhood that features easy access to transportation, shopping, schools and major Hollywood attractions. Just down the block is the La Mirada city park which is ideal for kids and a quiet break from city life. There is also ample street parking for visitors or guests. Enjoy the fun and excitement of Hollywood while owning in a quiet Hollywood neighborhood area. There is easy access to the Santa Monica and Hollywood Blvd 101 Freeway off-ramps and exits.
Presented by Cynthia Burts at
Burts & Associates.
Property MLS #SR24057433 from CRMLS
Heating Features: Wall Furnace
Heating: Yes
Garage Spaces: 12
Parking Features: Parking YN: Yes, Parking Features: Assigned, Controlled Entrance, Paved
Parking Total: 18
Lot Size Acres: 0.1722222
Lot Size Source: Assessor
Lot Size Square Feet: 7502
Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 1
Bedrooms in Unit-5: 1
Bedrooms in Unit-6: 2
Bedrooms in Unit-7: 1
Bedrooms in Unit-8: 1
Bedrooms in Unit-9: 1
Bedrooms in Unit-10: 1
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 1
Total Bathrooms in Unit-6: 1
Total Bathrooms in Unit-7: 1
Total Bathrooms in Unit-8: 1
Total Bathrooms in Unit-9: 1
Total Bathrooms in Unit-10: 1
Unit-1 Garage Spaces: 1
Unit-2 Garage Spaces: 2
Unit-3 Garage Spaces: 1
Unit-4 Garage Spaces: 1
Unit-5 Garage Spaces: 1
Unit-6 Garage Spaces: 2
Unit-7 Garage Spaces: 1
Unit-8 Garage Spaces: 1
Unit-9 Garage Spaces: 1
Unit-10 Garage Spaces: 1
Maintenance Expense: 9623.00
Rent Control: Yes
County: Los Angeles
Cap Rate: 3.36
Source Property Type: Residential Income
Insurance Expense: 16963.00
Area: C20 - Hollywood
Source Neighborhood: C20 - Hollywood
New Taxes Expense: 32425.00
Number of Separate Electric Meters: 11
Number of Separate Gas Meters: 11
Number of Separate Water Meters: 1
Parcel Number: 5537003024
Postal Code Plus 4: 1039
Professional Management Expense: 8318.00
Trash Expense: 1200.00
Zoning: LARD1.5
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $425,973 + $198,783 $624,756 | $8,593 |
| 2021 | $417,621 + $194,886 $612,507 | $8,444 |
| 2020 | $413,339 + $192,888 $606,227 | $8,512 |
| 2019 | $1,305,600 + $1,958,400 $3,264,000 | $8,216 |
| 2018 | $397,290 + $185,399 $582,689 | $8,097 |
| 2017 | $389,500 + $181,764 $571,264 | $7,895 |
| 2016 | $381,863 + $178,200 $560,063 | $7,625 |
| 2015 | $376,128 + $175,524 $551,652 | $7,526 |
| 2014 | $368,761 + $172,086 $540,847 | $7,614 |
| 2013 | $367,095 + $171,309 $538,404 | $7,615 |
| 2012 | $359,898 + $167,950 $527,848 | $7,714 |
| 2010 | $352,842 + $164,657 $517,499 | $7,506 |
| 2009 | $351,037 + $163,816 $514,853 | $7,243 |
| 2009 | $350,205 + $163,427 $513,632 | $7,243 |
| 2008 | $344,154 + $160,604 $504,758 | $6,966 |
| 2007 | $337,406 + $157,455 $494,861 | $6,713 |
$2,500,000
CRMLS
Listing removed 2014-04-12
$1,089
WestsideRentals
Price Changed for rent 2014-03-27
$1,089
WestsideRentals
Listed for rent 2014-02-01
$1,139
WestsideRentals
Sold 2000-11-11
$440,000
ITECH
Listed 2000-06-23
$510,000
ITECH
Sold 1976-09-03
$153,800
Public Record
Year Built: 1965
Building Features: 1
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: Front Gate
Property Age: 59
Property Attached: Yes
Building Total Stories: 3
Structure Type: Apartment
Year Built Source: Assessor
Sewer: Sewer: Public Sewer, Water Sewer Expense: 4000.00
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.