5358 Loma Linda Avenue

Los Angeles, CA 90027

$3,650,000
Price
$3,650,000
Price
16
Beds
13.5
Baths
10,760 Sq. Ft.
$339 / Sq. Ft.
10,760
Sq. Ft.
$339
per Sq. Ft.

Property Details

StatusPending
MLS #19467122
Year Built1957
DOM8
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

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Property Details

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

Description

A rare investment opportunity in the center of Hollywood; 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. On a corner lot, with gated parking, the building currently grosses over $225,000 annually, but still has +35% upside for market rents (in current condition). One block from the METRO Red Line and with a Walk score of 90 (CoStar), this is a value-add/re-position opportunity in one...

Listing Agent

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Building Information

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

Payment Calculator

$14,709 per month

30 year fixed, 4.45% Interest

Principal and Interest

$14,709

Property Taxes

HOA Dues

$0

Property Information for 5358 Loma Linda Avenue

Property Features
    Interior Features
  • Heating: Wall Heater
  • Interior Features: Other
    Parking Info
  • Carport Spaces Total: 12
  • Parking Features: Gated
Community/Development / Location Info
    School/Location Info
  • County: Los Angeles
  • Driving Directions: Located on the north side of Sunset Blvd and Hollywood Blvd, just East of Western Ave, and 6 blocks east of the 101 Freeway.
    Association Information
  • Association/HOA: No
Income / Expense / Tax / Assessment Details
    Income Details
  • Actual Annual Gross Rent: $226,464
  • Actual Gross Annual Income: $226,464
  • Actual Rent Total: $18,872
  • Adjusted Gross Income: $226,464
  • Cap Rate: 3.5
  • Gross Operating Income: $226,464
  • Gross Rent Multiplier: 16.0
  • Net Operating Income: $127,209
    Expense Details
  • Expense Cable TV: $664
  • Expense Electric: $12,187
  • Expense Insurance: $14,559
  • Expense Maintenance: $13,079
  • Expense Management: $12,600
  • Expense Operating: $1,187
  • Expense Other: $582
  • Expense Pest: $350
  • Expense Tax: $45,000
  • Expense Total Annual: $101,255
  • Expense Trash: $1,047
    Assessment Info
  • Assessed Improvement Value: $181,449
  • Assessed Land Value: $75,605
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 Leased: 13
  • 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: $1,408
  • Unit Number Of Bath 1: 1.0
  • Unit Number Of Bed 1: 1.0
  • Unit Projected Total Monthly Rent 1: $1,408
  • Unit Total Monthly Rent 1: $1,408
  • Unit Type 1: 1.0
    Unit 2 Info
  • Unit Furnished 2: Unfurnished
  • Unit Monthly Rent 2: $1,654
  • Unit Number Of Bath 2: 1.0
  • Unit Number Of Bed 2: 1.0
  • Unit Projected Total Monthly Rent 2: $1,654
  • Unit Total Monthly Rent 2: $1,654
  • Unit Type 2: 2.0
    Unit 3 Info
  • Unit Furnished 3: Unfurnished
  • Unit Monthly Rent 3: $972
  • Unit Number Of Bath 3: 1.0
  • Unit Number Of Bed 3: 1.0
  • Unit Projected Total Monthly Rent 3: $972
  • Unit Total Monthly Rent 3: $972
  • Unit Type 3: 3.0
    Unit 4 Info
  • Unit Furnished 4: Unfurnished
  • Unit Monthly Rent 4: $1,190
  • Unit Number Of Bath 4: 1.0
  • Unit Number Of Bed 4: 1.0
  • Unit Projected Total Monthly Rent 4: $1,190
  • Unit Total Monthly Rent 4: $1,190
  • Unit Type 4: 4.0
    Unit 5 Info
  • Unit Furnished 5: Unfurnished
  • Unit Monthly Rent 5: $974
  • Unit Number Of Bath 5: 1.0
  • Unit Number Of Bed 5: 1.0
  • Unit Projected Total Monthly Rent 5: $974
  • Unit Total Monthly Rent 5: $974
  • Unit Type 5: 5.0
    Unit 6 Info
  • Unit Furnished 6: Unfurnished
  • Unit Monthly Rent 6: $1,330
  • Unit Number Of Bath 6: 1.0
  • Unit Number Of Bed 6: 1.0
  • Unit Projected Total Monthly Rent 6: $1,330
  • Unit Total Monthly Rent 6: $1,330
    Unit 7 Info
  • Unit Furnished 7: Unfurnished
  • Unit Monthly Rent 7: $1,621
  • Unit Number Of Bath 7: 1.5
  • Unit Number Of Bed 7: 2.0
  • Unit Projected Total Monthly Rent 7: $1,621
  • Unit Total Monthly Rent 7: $1,621
    Unit 8 Info
  • Unit Furnished 8: Unfurnished
  • Unit Monthly Rent 8: $1,034
  • Unit Number Of Bath 8: 1.0
  • Unit Number Of Bed 8: 1.0
  • Unit Projected Total Monthly Rent 8: $1,034
  • Unit Total Monthly Rent 8: $1,034
    Unit 9 Info
  • Unit Furnished 9: Unfurnished
  • Unit Monthly Rent 9: $1,315
  • Unit Number Of Bath 9: 1.0
  • Unit Number Of Bed 9: 1.0
  • Unit Projected Total Monthly Rent 9: $1,315
  • Unit Total Monthly Rent 9: $1,315
    Unit 10 Info
  • Unit Furnished 10: Unfurnished
  • Unit Monthly Rent 10: $1,534
  • Unit Number Of Bath 10: 1.0
  • Unit Number Of Bed 10: 1.0
  • Unit Projected Total Monthly Rent 10: $1,534
  • Unit Total Monthly Rent 10: $1,534
    Unit 11 Info
  • Unit Furnished 11: Unfurnished
  • Unit Monthly Rent 11: $1,060
  • Unit Number Of Bath 11: 1.0
  • Unit Number Of Bed 11: 1.0
  • Unit Projected Total Monthly Rent 11: $1,060
  • Unit Total Monthly Rent 11: $1,060
    Unit 12 Info
  • Unit Furnished 12: Unfurnished
  • Unit Monthly Rent 12: $974
  • Unit Number Of Bath 12: 1.0
  • Unit Number Of Bed 12: 1.0
  • Unit Projected Total Monthly Rent 12: $974
  • Unit Total Monthly Rent 12: $974
    Unit 13 Info
  • Unit Furnished 13: Unfurnished
  • Unit Monthly Rent 13: $1,306
  • Unit Number Of Bath 13: 1.0
  • Unit Number Of Bed 13: 1.0
  • Unit Projected Total Monthly Rent 13: $1,306
  • Unit Total Monthly Rent 13: $1,306.12

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.
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