5621 La Mirada Avenue, Los Angeles, CA 90038
- $1,870,000
- List Price
- $1,870,000
- Status
- ACTIVE
- MLS#
- OC25257943
- Year Built
- 1920
- Lot Size
- 7,494
- Acres
- 0.17
- Lot Location
- Back Yard
- Days on Market
- 261
- Property Type
- Multifamily
- Property Sub Type
- Duplex
- Stories
- One Level
Property Description
RTI ready! This Hollywood project offers an excellent investment opportunity in a high-demand rental market. Situated in the heart of Hollywood, close to major job centers, schools, and public transportation. With a modern co-living design, 45 private bedrooms, each with ensuite bathrooms—ideal for young professionals or transitional housing program. Walking distance to Netflix headquarter and near the Walk of Fame, TCL Chinese Theatre, Hollywood Bowl, Sunset Boulevard &Hollywood Nightlife , Downtown Los Angeles, and everything else Los Angeles has to offer. This is a great opportunity for housing groups specializing in student housing, young professionals entering the workforce, corporate housing, healthcare assisted living, transition and affordable housing. Tenants will enjoy all the benefits of modern living in a prime area of Hollywood near the 110 Fwy. It has a strong rental income potential, the project is positioned to generate significant returns for investors through both rental revenue and appreciation upon sale. This Hollywood Project represents a rare opportunity to invest in a new, fully entitled, high-density residential building designed for long-term rental income or resale. With a proven co-living business model, low vacancy risk, and prime Los Angeles location, this project offers investors stable cash flow and significant upside potential.
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Additional Information
- Land Lease
- Yes
- Pool Description
- None
- Fireplace Description
- See Remarks
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- View
- None
- Sewer
- Private Sewer
- Water
- Public
- Interior Features
- All Bedrooms Down
- Attached Structure
- Detached
- Number Of Units Total
- 1
- Gross Scheduled Income
- $900,000
- Operating Expense
- 90000
Listing courtesy of Listing Agent: Zhu Liu (liuzhu890714@gmail.com) from Listing Office: Pinnacle Real Estate Group.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.