15
See all 15 photos
$3,995,000
Est. payment /mo
18 Beds
20 Baths
14,298 SqFt
New
5757 La Mirada AVE Los Angeles, CA 90038
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 14,298 sqft
Price per Sqft $279
MLS Listing ID 25519939
Bedrooms 18
HOA Y/N No
Year Built 1954
Lot Size 0.341 Acres
Property 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.
Location
State CA
County Los Angeles
Area C20 - Hollywood
Zoning LAR3
Interior
Heating Wall Furnace
Fireplaces Type None
Fireplace No
Exterior
Parking Features Carport
Garage Spaces 2.0
Garage Description 2.0
Pool None
Attached Garage No
Total Parking Spaces 11
Private Pool No
Building
Faces South
Story 2
Entry Level Two
Foundation Raised
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5536001012
Special Listing Condition Standard
Listed by Saadia 'Sam' Liberow • Marcus & Millichap