5358 Loma Linda Avenue

Los Angeles, CA 90027

$3,900,000
Price
$3,900,000
Price
16
Beds
13
Baths
10,760 Sq. Ft.
$362 / Sq. Ft.
10,760
Sq. Ft.
$362
per Sq. Ft.

Property Details

StatusExpired
MLS #17236216
Year Built1957
DOM28
Compass TypeMulti Family
MLS TypeResidential Income / Apartment Building
Lot Size0.23 AC / 10,058 SF
Taxes-
Condo/Co-op Fees-
HOA Fees-
CountyLos Angeles County

Listing Agent

Contact Agent(s)

Property Details

Area
Hollywood (C20)
Parking Spaces Total
12
Pool
No
Cooling Type
Wall Unit(s)

Description

A rare investment opportunity in the center of Hollywood; just steps from Hollywood Blvd. and the heart of the neighborhood's renaissance. This 14 unit apartment is comprised of 12, one-bedroom units and 2, two bedroom units. The building currently grosses over $200,000 annually, but still has +35% upside for market rents (in current condition, unit renovations could increase that number beyond 50% increase). One block from the METRO Red Line and with a Walk score of 90 (CoStar), this is a unique,...

Listing Agent

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Building Information

Stories2Residences14Year Built1957Building Size-Lot Size0.23 AC / 10,058 SF

Payment Calculator

$15,716 per month

30 year fixed, 4.45% Interest

Principal and Interest

$15,716

Property Taxes

HOA Dues

$0

Property Information for 5358 Loma Linda Avenue

Property Features
    Interior Features
  • Heating Fuel: Wall Gas
  • Heating: Wall Gas
  • Interior Features: Other
  • View: No
    Parking Info
  • Parking Features: Gated
Community/Development / Location Info
    School/Location Info
  • County: Los Angeles
  • Driving Directions: Near the Corner of Hollywood Blvd. and Western Ave.
    Association Information
  • Association/HOA: No
Income / Expense / Tax / Assessment Details
    Income Details
  • Adjusted Gross Income: $212,000
  • Cap Rate: 3.3
  • Gross Operating Income: $212,000
  • Gross Rent Multiplier: 18.0
  • Net Operating Income: $122,534
    Expense Details
  • Expense Total Annual: $89,466
    Assessment Info
  • Assessed Improvement Value: $177,892
  • Assessed Land Value: $74,123
Land/Lot Info
    Land/Lot Info
  • Lot Size Source: Vendor Enhanced
  • Lot Size SQFT: 10058
  • Tax Parcel Number: 5544009015
  • Zoning: LAR3
Structure Info
    Structure Info
  • Units Total In Complex: 14
  • Number Of Buildings: 1
  • Property Sub Type: Apartment Building
  • Property Type: Residential Income
  • Square Footage Source: Vendor Enhanced
  • Total Floors: 2
  • Year Built: 1957
Unit Information
    Unit 1 Info
  • Unit Furnished 1: Unfurnished
  • Unit Monthly Rent 1: $1,368
  • Unit Number Of Bath 1: 1.0
  • Unit Number Of Bed 1: 1.0
  • Unit Projected Total Monthly Rent 1: $1,368
  • Unit Total Monthly Rent 1: $1,368
  • Unit Type 1: 1.0
    Unit 2 Info
  • Unit Furnished 2: Unfurnished
  • Unit Monthly Rent 2: $963
  • Unit Number Of Bath 2: 1.0
  • Unit Number Of Bed 2: 1.0
  • Unit Projected Total Monthly Rent 2: $963
  • Unit Total Monthly Rent 2: $963
  • Unit Type 2: 1.0
    Unit 3 Info
  • Unit Furnished 3: Unfurnished
  • Unit Monthly Rent 3: $1,915
  • Unit Number Of Bath 3: 1.0
  • Unit Number Of Bed 3: 1.0
  • Unit Projected Total Monthly Rent 3: $1,915
  • Unit Total Monthly Rent 3: $957
  • Unit Type 3: 2.0
    Unit 4 Info
  • Unit Furnished 4: Unfurnished
  • Unit Monthly Rent 4: $1,169
  • Unit Number Of Bath 4: 1.0
  • Unit Number Of Bed 4: 1.0
  • Unit Projected Total Monthly Rent 4: $1,169
  • Unit Total Monthly Rent 4: $1,169
  • Unit Type 4: 1.0
    Unit 5 Info
  • Unit Furnished 5: Unfurnished
  • Unit Monthly Rent 5: $2,416
  • Unit Number Of Bath 5: 1.0
  • Unit Number Of Bed 5: 2.0
  • Unit Projected Total Monthly Rent 5: $2,416
  • Unit Total Monthly Rent 5: $958
  • Unit Type 5: 1.0
    Unit 6 Info
  • Unit Furnished 6: Unfurnished
  • Unit Monthly Rent 6: $1,266
  • Unit Number Of Bath 6: 1.0
  • Unit Number Of Bed 6: 1.0
  • Unit Projected Total Monthly Rent 6: $1,266
  • Unit Total Monthly Rent 6: $1,266
    Unit 7 Info
  • Unit Furnished 7: Unfurnished
  • Unit Monthly Rent 7: $1,586
  • Unit Number Of Bath 7: 1.0
  • Unit Number Of Bed 7: 2.0
  • Unit Projected Total Monthly Rent 7: $1,586
  • Unit Total Monthly Rent 7: $1,586
    Unit 8 Info
  • Unit Furnished 8: Unfurnished
  • Unit Monthly Rent 8: $1,017
  • Unit Number Of Bath 8: 1.0
  • Unit Number Of Bed 8: 1.0
  • Unit Projected Total Monthly Rent 8: $1,017
  • Unit Total Monthly Rent 8: $1,017
    Unit 9 Info
  • Unit Furnished 9: Unfurnished
  • Unit Monthly Rent 9: $1,290
  • Unit Number Of Bath 9: 1.0
  • Unit Number Of Bed 9: 1.0
  • Unit Projected Total Monthly Rent 9: $1,290
  • Unit Total Monthly Rent 9: $1,290
    Unit 10 Info
  • Unit Furnished 10: Unfurnished
  • Unit Monthly Rent 10: $1,478
  • Unit Number Of Bath 10: 1.0
  • Unit Number Of Bed 10: 1.0
  • Unit Projected Total Monthly Rent 10: $1,478
  • Unit Total Monthly Rent 10: $1,478
    Unit 11 Info
  • Unit Furnished 11: Unfurnished
  • Unit Monthly Rent 11: $994
  • Unit Number Of Bath 11: 1.0
  • Unit Number Of Bed 11: 1.0
  • Unit Projected Total Monthly Rent 11: $994
  • Unit Total Monthly Rent 11: $994
    Unit 12 Info
  • Unit Furnished 12: Unfurnished
  • Unit Monthly Rent 12: $900
  • Unit Number Of Bath 12: 1.0
  • Unit Number Of Bed 12: 1.0
  • Unit Projected Total Monthly Rent 12: $900
  • Unit Total Monthly Rent 12: $900
    Unit 13 Info
  • Unit Furnished 13: Unfurnished
  • Unit Monthly Rent 13: $1,281
  • Unit Number Of Bath 13: 1.0
  • Unit Number Of Bed 13: 1.0
  • Unit Projected Total Monthly Rent 13: $1,281
  • Unit Total Monthly Rent 13: $1,281.00

Property History for 5358 Loma Linda Avenue

DateEvent & SourcePriceAppreciation
May 24, 2019Pending

CARETS #19467122

May 16, 2019Listed (Active)

CARETS #19467122

$3,650,000
Nov 30, 2017Expired

CARETS #17236216

$3,900,000
DateEvent & SourcePrice
05/24/2019
Pending

CARETS #19467122

05/16/2019
Listed (Active)

CARETS #19467122

$3,650,000
11/30/2017
Expired

CARETS #17236216

$3,900,000

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

Public Records

Taxable ValueLand$77,117Additions$185,077Total$262,194
Tax Record2018$4,519
Home Facts
Beds16Finished Sq.Ft.10,760 SqFtLot Size10,058 SqFtStyleMulti-Family Res (5+ Units)Year Built1957Year Renovated1957ZoningLAR3CountyLOS ANGELES

Schools in Los Angeles, CA

AllElementaryMiddleHigh
SchoolTypeGradesDistanceRating
Immaculate Heart High And Middle SchoolPrivate6-120.3 mi
NR
Citizens of the World Charter Schools - Silver LakeCharterK-40.3 mi
NR
Grant Elementary SchoolPublicK-60.4 mi
4
Alex Pilibos ArmenianPrivateK-120.5 mi
NR

Immaculate Heart High And Middle School

6-12, 0.3 mi, Private

NR

Citizens of the World Charter Schools - Silver Lake

K-4, 0.3 mi, Charter

NR

Grant Elementary School

K-6, 0.4 mi, Public

4

Alex Pilibos Armenian

K-12, 0.5 mi, Private

NR

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.

All data, including all measurements and calculations of area, is obtained from various sources, is approximate, and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of such measurements and Compass expressly disclaims any liability in connection with such measurements.
The information being provided by CARETS and CRMLS 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 CARETS, CLAW, CRISNet MLS, i-Tech MLS, VCRDS and/or CRMLS and 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 CARETS or CRMLS. 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.