5314 Loma Linda Avenue
5314 Loma Linda Avenue
$4,849,000
17
13
12,104
12,104
$401
Description
$4,849,000 is the combined price for BOTH properties. We are pleased to offer for sale incredible multifamily assets located at 5314 and 5322 Loma Linda Avenue in the beautiful enclave of Los Feliz. Originally built in 1939 and 1940, the side by side French Normandy properties exemplify the character and charm of 1930's and early 1940's LA. The properties, each with their own APN, consist of very large 1, 2 and 3 bedroom units each offering a terrific spacious floor plan flooded with natural light....$4,849,000 is the combined price for BOTH properties. We are pleased to offer for sale incredible multifamily assets located at 5314 and 5322 Loma Linda Avenue in the beautiful enclave of Los Feliz. Originally built in 1939 and 1940, the side by side French Normandy properties exemplify the character and charm of 1930's and early 1940's LA. The properties, each with their own APN, consist of very large 1, 2 and 3 bedroom units each offering a terrific spacious floor plan flooded with natural light. Beautifully set around a meticulously landscaped central courtyard, the buildings offer the astute investor with a quintessential value-add opportunity. Apartments feature beautiful hardwood floors, crown moldings, vintage tile work, and outdoor patio space (select units). As current rents hover around $2.31/SF, there is significant rental upside through a comprehensive renovation program as units turn. Additionally, there is ample on-site parking with no soft story retrofit required (Buyer to verify). 5314 and 5322 Loma Linda Avenue are trophy assets in an undeniably attractive location that will surely pay long-term dividends to a savvy investor. This rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a premier turnkey asset in one of the best rental locations in all of Los Angeles. Must be purchased together with property next door located at 5322 loma linda avenue (7 units on mls).
- Listed by Jonathan Taksa • DRE #01366169 • Brokerage DRE #01164364 • Remax Commercial and Investment Realty
Property Details for 5314 Loma Linda Avenue
Zoning
LAR3
Parcel Number5544009006
Total Units11.0
Living Area12104
Source Living AreaAssessor
AreaLos Feliz (637)
Vacancy Rate9318
Lot Size Area21357
Location
LISTING UPDATED: 04/17/2024 11:40 AM
Property Details for 5314 Loma Linda Avenue
Status | Active |
---|---|
MLS # | 24-364565 |
Days on Market | 56 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1939 |
Lot Size | 0.49 AC / 21,357 SF |
County | Los Angeles County |
Location
Building Information for 5314 Loma Linda Avenue
Stories2Residences-Year Built1939Building Size-Lot Size0.49 AC / 21,357 SF
Payment Calculator
$28,717 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 5314 Loma Linda Avenue
Property History for 5314 Loma Linda Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 5314 Loma Linda Avenue
Taxable ValueLand$1,308,084Additions$879,205Total$2,187,289
Tax Record2023$27,044 ($2,254 / month)
Home Facts
Total Finished SqFt5,140 SqFtAbove Grade Finished SqFt5,140 SqFtLot Size10,677 SqFtStyleQuadraplexYear Built1939ZoningLAR3CountyLOS ANGELESAPN5544-009-006
Schools near 5314 Loma Linda Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Charter - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 5 |
Rating | School | Distance |
---|---|---|
Grant Elementary School PublicK to 6 | ||
Magnolia Science Academy 6 School Charter6 to 8 | ||
Hollywood Senior High School Public9 to 12 | ||
South Shores/Csudh Visual And Performing Arts PublicK to 5 |
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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