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5622 La Mirada Ave
For Sale $2,200,000 ($325.73 per Sq Ft)
$2,200,000 ($325.73 per Sq Ft)
- 9 Units
- 6,754 Sq Ft
- 7,500 Sq Ft
- Unknown Cap Rate
Description
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT LISTING TEAM FOR DETAILS. We are pleased to present the opportunity to acquire 5622 La Mirada Avenue. The subject property is a nine-unit multifamily building located in Hollywood, just south of Sunset Boulevard and west of Western Avenue. Hollywood continues catering to young professionals due to its proximity to a vibrant and lively nightlife scene along with trendy retail and coffee shops. La Mirada Avenue is considered a "Walker's Paradise" with a 90 Walk Score and is situated a short distance from highly desirable dining and entertaining destinations. Current ownership has renovated approximately 67% of the units at the property with high-end finishes including new countertops, in-unit washer/dryers (select units), new laminate flooring, and new stainless-steel appliances. The property offers investors a unique opportunity to acquire a well-maintained asset with remaining rental upside.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $2,200,000 |
| Property Type | Multi-Family |
| Usable Sqft | 6,754 |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1958 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 5536004006 |
| MLS # | 25477187 |
| Property ID | 321153121 |
| Lot Sqft | 7,500 |
| Zoning | LAR3 |
| Total Units | 9 |
| Days on Market | 163 |
| Original List Price | $2,400,000 |
| Date Updated | June 03, 2025 |
| Date Created | January 06, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 2 | 1.00 | $2,184 | $2,450 |
| Unit #2 | 1 | 1.00 | $2,000 | $2,000 |
| Unit #3 | 1 | 1.00 | $2,200 | $2,000 |
| Unit #4 | 1 | 1.00 | $1,120 | $2,000 |
| Unit #5 | 2 | 1.00 | $2,408 | $2,450 |
| Unit #6 | 1 | 1.00 | $1,433 | $2,000 |
| Unit #7 | 1 | 1.00 | $1,306 | $2,000 |
| Unit #8 | 1 | 1.00 | $2,000 | $2,000 |
| Unit #9 | 2 | 1.00 | $1,924 | $2,450 |
| Gross Income (Yr) | $ 201,670 |
| Operating Expenses | $ 77,780 |
| Net Income (Yr) | $ 123,890 |
| Cap Rate | 5.63% |
Listing Provided By
Sean Rosenzweig an agent of . Lic #01406343
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