$2,500,000

5345 La Mirada Avenue, Los Angeles 90029

12

Beds

10

Baths

7,502

Lot Size

10

# Of Units

Listing Agent
Cynthia Burts - Burts & Associates

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. The 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 spacious 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 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 great 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 spaces 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.

Facts & Features

MLS® # SR24057433
Price $2,500,000
Bedrooms 12
Bathrooms 10.00
Lot Size 7,502
Year Built 1965
Type Residential Income
Sub-Type Apartment
Status Active
# Of Units 10

Community Information

Address 5345 La Mirada Avenue
Area C20 - Hollywood
City Los Angeles
County Los Angeles
Zip Code 90029

Amenities

Parking Spaces 18
Parking Assigned, Controlled Entrance, Paved
# of Garages 16
Garages Assigned, Controlled Entrance, Paved
Is Waterfront No
Has Pool No
Pool None

Interior

Interior Tile, Wood
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Has Basement No
Fireplace No
# of Stories 3

Exterior

Lot Description Garden, Level, Rectangular Lot

Additional Information

Date Listed March 20th, 2024
Days on Market 30
Zoning LARD1.5
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentCynthia Burts
OfficeBurts & Associates

Listing Map

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