Los Angeles, CA 90038,5757 La Mirada Ave
Los Angeles, CA 90038,5757 La Mirada Ave
Los Angeles, CA 90038,5757 La Mirada Ave
15
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$3,995,000
Est. payment /mo
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18 Beds
20 Baths
14,298 SqFt
Active

5757 La Mirada Ave Los Angeles, CA 90038

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Key Details

Property Type Multi-Family

Sub 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

Year Built 1954

Lot Size 0.341 Acres

Acres 0.3414

Property Sub-Type Multi-Family

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 Hollywood

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall Unit(s)

Fireplaces Type None

Equipment None

Laundry Laundry Area

Exterior

Parking Features Carport, Garage Is Detached

Garage Spaces 11.0

Pool None

Building

Story 2

Foundation Raised

Level or Stories Two

Structure Type Stucco

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Marcus & Millichap

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agent

Jason Tomei

Agent | RE.S.0176035

+1(702) 819-9438

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5757 La Mirada Ave