5322 Loma Linda Avenue

Los Angeles, CA 90027

$4,849,000
Price
17
Beds
13
Baths
12,104 Sq. Ft.
$401 / Sq. Ft.
12,104
Sq. Ft.
$401
per Sq. Ft.

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 with adjacent property located at 5314 loma linda ave (4 units).
  1. Listed by Jonathan Taksa • DRE #01366169 • Brokerage DRE #01164364 • Remax Commercial and Investment Realty

Property Details for 5322 Loma Linda Avenue

Zoning
LAR3
Parcel Number
5544009005
Total Units
11.0
Living Area
12104
Source Living Area
Assessor
Area
Los Feliz (637)
Vacancy Rate
9318
Lot Size Area
21357

Location

Listing Courtesy of Remax Commercial and Investment Realty, Jonathan Taksa, DRE #01366169
Add your commute
LISTING UPDATED: 04/17/2024 11:39 AM

Property Details for 5322 Loma Linda Avenue

StatusActive
MLS #24-364577
Days on Market56
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1940
Lot Size0.49 AC / 21,357 SF
CountyLos Angeles County

Location

Listing Courtesy of Remax Commercial and Investment Realty, Jonathan Taksa, DRE #01366169
Add your commute

Building Information for 5322 Loma Linda Avenue

Stories2Residences-Year Built1940Building Size-Lot Size0.49 AC / 21,357 SF

Payment Calculator

$29,200 per month

30 year fixed, 7.25% Interest

Principal and Interest

$26,463

Property Taxes

$2,737

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5322 Loma Linda Avenue

Community / Development
Community / Development
  • Number Of Units: 11
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: 1s,2s,3s
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $312,972
  • Net Operating Income: $183,902.00
  • Gross Income: $310,610
  • Gross Rent Multiplier: $15.49
  • Total Annual Expense: 119752
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: Yes
  • Lot Acreage: 0.2452
  • Lot Size Square Feet: 21357
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 12
  • Parking Features: Assigned
Interior Features
Interior Features
  • Levels: One
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling Type: Air Conditioning
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Hardwood
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-04-2024
  • Rent Control: Yes
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,827.00
  • Unit Actual Rent: $2,827.00
  • Unit Projected Rent: $3,995.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,672.00
  • Unit Actual Rent: $3,672.00
  • Unit Projected Rent: $3,695.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,805.00
  • Unit Actual Rent: $5,415.00
  • Unit Projected Rent: $9,585.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,329.00
  • Unit Actual Rent: $13,971.00
  • Unit Projected Rent: $17,370.00
  • Like Units: 6
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,050,757.00
  • Assessed Improvement Percent: 40.0
  • Assessed Land Value: $1,576,135.00
  • Assessed Land Percent: 60
  • Assessed Total Value: $2,626,892.00

Property History for 5322 Loma Linda Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5322 Loma Linda Avenue

Taxable ValueLand$1,576,135Additions$1,050,902Total$2,627,037
Tax Record2023$32,841 ($2,737 / month)
Home Facts
Total Finished SqFt6,964 SqFtAbove Grade Finished SqFt6,964 SqFtLot Size10,680 SqFtStyleMulti-Family Res (5+ Units)Year Built1940ZoningLAR3CountyLOS ANGELESAPN5544-009-005

Schools near 5322 Loma Linda Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Charter - K to 12
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Grant Elementary School
PublicK to 6

Hollywood Senior 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.

Similar Homes

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5322 Loma Linda Avenue is a multi-family home for sale in Los Angeles, CA 90027. This property was listed for sale on March 4, 2024 by Remax Commercial and Investment Realty, it's currently listed at $4,849,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Grant Elementary School, Ivy Academia Entrepreneurial Charter School and Hollywood Senior High School. 5322 Loma Linda Avenue is a 17-bed, 13-bath, 12,104 sqft multi-family home built in 1940.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Remax Commercial and Investment Realty, Jonathan Taksa, DRE #01366169

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.