5700 La Mirada Ave

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$2,500,000

14 Beds 14 Baths 8,445 Sq.Ft.

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Description

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.

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Location

5700 La Mirada Ave, Los Angeles, CA 90038

Status

Sold

Property Amenities

View additional property information below.

Interior

Appliances Other

Total Bedrooms: 14

Area & Lot

Lot Area 0.35 Acres

Living area 8,445 Sq.Ft.

MLS® ID 25492209

Type Multi-Family

Status Sold

Exterior

Stories 2

Air conditioning Other

Heat type Other

Garage Space 5.0

Parking Assigned

Finance

Sales Price $2,500,000

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$2,500,000