5345 La Mirada Avenue
Los Angeles, CA 90029
$2,500,000
Price
12
Beds
10
Baths
8,646 Sq. Ft.
$289 / Sq. Ft.
8,646
Sq. Ft.
$289
per Sq. Ft.
Description
The 5345 La Mirada Avenue Hollywood Apartment building as an investment opportunity to acquire a 10-unit, 3-story building with ground-level parking that has many recent renovations. The building has a strong unit mix of large units made up of (2) two-bedrooms and (8) one-bedrooms. These large units are 800 sf for the two-bedrooms and 600 sf for the one-bedrooms. These spacious units have city views and are well-lit. Five of the units have been completely renovated with new Kitchens, new Bathrooms,...The 5345 La Mirada Avenue Hollywood Apartment building as an investment opportunity to acquire a 10-unit, 3-story building with ground-level parking that has many recent renovations. The building has a strong unit mix of large units made up of (2) two-bedrooms and (8) one-bedrooms. These large units are 800 sf for the two-bedrooms and 600 sf for the one-bedrooms. These spacious units have city views and are well-lit. Five of the units have been completely renovated with new Kitchens, new Bathrooms, large new dual-pane windows, new Kitchen and Bathroom fixtures, large mirrored door Closets, and New Paint. These must-see units offer hardwood flooring, A/C units, ample storage, and ceiling fans. The two (2) bedroom end units feature windows on three sides of each unit with fantastic city views of Hollywood and DTLA. The (1) bedroom units have incredible East and West views of the city. The building is well-maintained and professionally managed and is in great condition. The building has new exterior paint, is beautifully landscaped, and there is ample parking with (8) tandem covered and (2) covered single parking spaces. The property has security fencing and a secured gated entrance for walking and parking accessibility. There is an on-site laundry facility for 24-hour tenant use. The building is separately metered for both gas and electricity. There are remote security cameras throughout the property that allow ownership 24-hour viewing access. There is an excellent ADU opportunity for this deal with the (8) large tandem parking spaces in the ground-level parking area. In addition, there is a large owner unit-type space that could easily be converted into an ADU space. This is an incredible opportunity to take advantage of LA's need to add more housing and increase capital through building ADUs on land you already own. The property is located in a quiet Hollywood neighborhood that features easy access to transportation, shopping, schools, and major Hollywood attractions. Just down the block is the La Mirada city park which is ideal for kids and a quiet break from city life. There is also ample street parking for visitors or guests. Enjoy the fun and excitement of Hollywood while owning in a quiet Hollywood neighborhood area. There is easy access to the Santa Monica and Hollywood Blvd 101 Freeway off-ramps and exits.
- Listed by Cynthia Burts • DRE #01134271 • Brokerage DRE #01134271 • Burts & Associates • 310-308-8003
Property Details for 5345 La Mirada Avenue
Parking Spaces Total
18
Private PoolNo
Cooling TypeWall/Window
Total Units10.0
Building TypeAttached
Lot Size SourceAssessor
Living Area8646
Assessor Parcel Number5537-003-024
LISTING UPDATED: 10/18/2024 03:01 AM
Property Details for 5345 La Mirada Avenue
| Status | Active |
|---|---|
| MLS # | SR24057433 |
| Days on Market | 224 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1965 |
| County | Los Angeles County |
Building Information for 5345 La Mirada Avenue
Building/Complex5345 La Mirada AveFloor-Stories3Residences-Pet Policy-Year Built1965Building Size-
Property Information for 5345 La Mirada Avenue
Income / Expense / Tax Details
Income Details
- Gross Income: $171,259
- Gross Scheduled Income: $171,259
- Vacancy Allowance: 3425
- Vacancy Allowance Rate: 2
- Net Operating Income: $83,925
- Laundry Income: $1,337
- Gross Multiplier: 14.6
- Cap Rate: 3.36
Expense Details
- Operating Expense: $85,246
- Operating Expense Percent: 35.00%
- New Taxes Expense: $32,425
- Gardener Expense: $1,760
- Fuel Expense: $2,050
- Licenses Expense: $1,313
- Electric Expense: $1,477
- Insurance Expense: $16,963
- Maintenance Expense: $9,623
- Professional Management Expense: $8,318
- Trash Expense: $1,200
- Water Sewer Expense: $4,000
- Total Expenses: $85,246
Tax / Assessment Info
- Tax Block: B
- Tax Tract Number: MB5-58
- Tax Census Tract: 1911.20
- CFD/Mello-Roos Fee: $1,316
- Tax Lot: 21
Community / Development
Community / Development
- Community Features: Curbs, Sidewalks, Storm Drains, Street Lights, Urban
Property / Structure Info
Interior Features
- Laundry: Yes
- Laundry Features: Common Area, Inside
- Cooling: Wall/Window Unit(s)
- Heating Type: Wall
- Heating: Wall Furnace
- Flooring: Tile, Wood
Exterior Features
- Entry Location: Front Gate
- Pool Features: None
- Pool Description: None
- Pool: N/K
Land/Lot Info
- Lot Features: Garden, Rectangular Lot, Level
- Number Of Units: 10
- Land Lease: No
- Land Lease Type: Fee
- Water: Public
- Sewer: Public Sewer
- Water Source: Public
Parking Info
- Garage Spaces: 16
- Parking: Yes
- Parking Garage: Assigned, Controlled Entrance
- Parking Garage Spaces: 16
- Carport Spaces: 2
- Parking Features: Assigned, Controlled Entrance, Paved
Unit Information
Unit 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,650
- Unit Type Total Rent: $19,800
- Unit Type Pro Forma: 1950
- Unit Type Type: 1
Unit 2
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 2
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,135
- Unit Type Total Rent: $13,620
- Unit Type Pro Forma: 2450
- Unit Type Type: 10
Unit 3
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,226
- Unit Type Total Rent: $15,600
- Unit Type Pro Forma: 1950
- Unit Type Type: 2
Unit 4
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,134
- Unit Type Total Rent: $13,608
- Unit Type Pro Forma: 1950
- Unit Type Type: 3
Unit 5
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,545
- Unit Type Total Rent: $18,540
- Unit Type Pro Forma: 1950
- Unit Type Type: 4
Unit 6
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 2
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,950
- Unit Type Total Rent: $23,400
- Unit Type Pro Forma: 2450
- Unit Type Type: 5
Unit 7
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,142
- Unit Type Total Rent: $13,704
- Unit Type Pro Forma: 1950
- Unit Type Type: 6
Unit 8
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,145
- Unit Type Total Rent: $13,740
- Unit Type Pro Forma: 1950
- Unit Type Type: 7
Unit 9
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,595
- Unit Type Total Rent: $19,140
- Unit Type Pro Forma: 1950
- Unit Type Type: 8
Unit 10
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $1,675
- Unit Type Total Rent: $20,100
- Unit Type Pro Forma: 1950
- Unit Type Type: 9
Unit Information
- Rent Controlled: Yes
- Number Of Buildings: 1
- Number Of Separate Electric Meters: 11
- Number Of Separate Gas Meters: 11
- Number Of Separate Water Meters: 1
Property History for 5345 La Mirada Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 5345 La Mirada Avenue
Taxable ValueLand$206,813Additions$443,981Total$650,794
Tax Record2024$9,124 ($760 / month)
Home Facts
Total Finished SqFt8,648 SqFtAbove Grade Finished SqFt8,648 SqFtLot Size7,500 SqFtStyleMulti-Family Res (5+ Units)Year Built1965ZoningLARD1.5CountyLOS ANGELESAPN5537-003-024
Schools near 5345 La Mirada Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Kingsley Elementary School PublicK to 5 | ||
Joseph Le Conte Middle School Public6 to 8 | ||
STEM Academy at Bernstein High Public9 to 12 | ||
Helen Bernstein High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Burts & Associates, Cynthia Burts, DRE #01134271
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.