5757 La Mirada Avenue, Los Angeles, CA 90038
  • MLS#: 25519939 ( )
  • Street Address: 5757 La Mirada Avenue
  • Viewed: 4
  • Price: $3,995,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1954
  • Bldg sqft: 0
  • Days On Market: 24
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90038
  • Provided by: Marcus & Millichap
  • Contact: Saadia 'Sam' Saadia 'Sam'
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    This exceptional investment opportunity in East Hollywood offers approximately 33% rental upside potential, allowing investors to unlock significant value by aligning rents with market rates. Situated just three blocks north of Santa Monica Boulevard on La Mirada Ave, the property benefits from a prime location with easy access to Hollywood's top dining, shopping, and entertainment options. Additionally, its designation within a Qualified Opportunity Zone provides substantial tax incentives, making it an attractive long term hold. Adding to its appeal, the property is surrounded by world renowned entertainment studios, ensuring strong demand from industry professionals. Netflix HQ, located just a block away, is a major employer with nearly 14,000 employees, while Paramount Pictures, Universal Studios, Warner Bros., and Walt Disney Studios are all within a few miles. With Hollywood's thriving rental market and this property's strategic positioning, investors have a rare opportunity to establish a strong foothold in one of Los Angeles' most sought after submarkets.
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Features
Building Area Total
  1. 14298.00
Construction Materials
  1. Stucco
Country
  1. US
Direction Faces
  1. South
Entry Location
  1. Ground Level w/steps
Fireplace Features
  1. None
Foundation Details
  1. Raised
Garage Spaces
  1. 2.00
Heating
  1. Wall Furnace
Levels
  1. Two
Netoperatingincome
  1. 213199.00
Otherincome1
  1. 3095.00
Parcel Number
  1. 5536001012
Parking Features
  1. Carport
Pool Features
  1. None
Sourcesystemkey
  1. 25519939:CLAW
Spa Features
  1. None
Tenant Pays
  1. Electricity
  2. Gas
Totalexpenses
  1. 148315.00
Window Features
  1. Double Pane Windows
Year Built
  1. 1954
Zoning
  1. LAR3