5358 Loma Linda Avenue

5358 Loma Linda Avenue

Los Angeles, CA 90027

$3,775,000
Last Sold Price
16
Beds
16
Baths
10,760 Sq. Ft.
$351 / Sq. Ft.
10,760
Sq. Ft.
$351
per Sq. Ft.

Sold 8/7/19

Sold 8/7/19

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...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 of LA's most rapidly transitioning neighborhoods. Moments to Hollywood's Walk of Fame, the Hollywood Bowl, Hollywood & Highland, the W Hotel, Capitol Records, and more. LA city required retrofitting for tuck-under carports parking has been completed by current owner. Each of the units is individually metered for gas and electric. Appraisal done on building March, 2019. Contact listing agent for offering memorandum. Do not disturb tenants.

Property Details for 5358 Loma Linda Avenue

Zoning
LAR3
Parcel Number
5544009015
Total Units
14.0
Living Area
10760
Source Living Area
Vendor Enhanced
Area
Hollywood (C20)
Vacancy Rate
7%
Lot Size Area
10058

Location

Listing Courtesy of Compass, Johnny Johnston, DRE #01510721

Sold By Coldwell Banker Realty, Zachary Freehling, DRE #01879326

Add your commute
LISTING UPDATED: 08/12/2019 07:40 PM

Property Details for 5358 Loma Linda Avenue

StatusSold
MLS #19-467122
Days on Market8
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1957
Lot Size0.23 AC / 10,058 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Johnny Johnston, DRE #01510721

Sold By Coldwell Banker Realty, Zachary Freehling, DRE #01879326

Add your commute

Building Information for 5358 Loma Linda Avenue

Stories2Residences-Year Built1957Building Size-Lot Size0.23 AC / 10,058 SF

Payment Calculator

$24,712 per month

30 year fixed, 7.25% Interest

Principal and Interest

$20,602

Property Taxes

$4,110

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5358 Loma Linda Avenue

Community / Development
Community / Development
  • Number Of Units: 14
Structure Info
Structure Info
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $226,464
  • Net Operating Income: $127,209.00
  • Gross Income: $226,464
  • Cap Rate: 3.50%
  • Gross Rent Multiplier: $16.00
  • Actual Annual Gross Rent: $226,464.00
  • Actual Gross Annual Income: $226,464
  • Actual Rent Total: $18,872.00
  • Total Annual Expense: 101255
  • Electric Expense: $12,187.00
  • Trash Expense: $1,047.00
  • Other Expense: $582.00
  • Expense Cable TV: $664.00
  • Expense Pest: $350.00
  • Tax Expense: $45,000
  • Insurance Expense: $14,559
  • Expense Operating: $1,187.00
  • Management Expense: $12,600.00
Land / Lot Info
Land / Lot Info
  • Lot Size Square Feet: 10058
  • Geocode Override: 0.0
Parking Details
Parking Details
  • Parking Garage: Gated
  • Total Parking: 12
  • Carport Spaces Total: 12
Interior Features
Interior Features
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling Type: Window Unit(s)
  • Heating Type: Wall
  • Equipment: Other
  • Laundry: See Remarks
Exterior Features
Exterior Features
  • Pool: No
  • Tennis: No
Lease Terms
Lease Terms
  • Entry Date: 05-16-2019
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,408.23
  • Unit Actual Rent: $1,408.23
  • Unit Projected Rent: $1,408.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,653.61
  • Unit Actual Rent: $1,653.61
  • Unit Projected Rent: $1,654.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $972.43
  • Unit Actual Rent: $972.43
  • Unit Projected Rent: $972.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,190.47
  • Unit Actual Rent: $1,190.47
  • Unit Projected Rent: $1,190.00
  • Like Units: 4
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $973.77
  • Unit Actual Rent: $973.77
  • Unit Projected Rent: $974.00
  • Like Units: 5
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,329.67
  • Unit Actual Rent: $1,329.67
  • Unit Projected Rent: $1,330.00
  • Like Units: 6
Unit 7 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,620.77
  • Unit Actual Rent: $1,620.77
  • Unit Projected Rent: $1,621.00
  • Like Units: 7
Unit 8 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,033.92
  • Unit Actual Rent: $1,033.92
  • Unit Projected Rent: $1,034.00
  • Like Units: 8
Unit 9 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,315.44
  • Unit Actual Rent: $1,315.44
  • Unit Projected Rent: $1,315.00
  • Like Units: 9
Unit 10 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,533.79
  • Unit Actual Rent: $1,533.79
  • Unit Projected Rent: $1,534.00
  • Like Units: 10
Unit 11 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,060.33
  • Unit Actual Rent: $1,060.33
  • Unit Projected Rent: $1,060.00
  • Like Units: 11
Unit 12 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $974.05
  • Unit Actual Rent: $974.05
  • Unit Projected Rent: $974.00
  • Like Units: 12
Unit 13 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,306.12
  • Unit Actual Rent: $1,306.12
  • Unit Projected Rent: $1,306.00
  • Like Units: 13
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115, 2116, 2117, 2118
  • Number Leased: 13
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $181,449.00
  • Assessed Land Value: $75,605.00

Property History for 5358 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 5358 Loma Linda Avenue

Taxable ValueLand$2,838,181Additions$1,130,716Total$3,968,897
Tax Record2023$49,325 ($4,110 / month)
Home Facts
Total Finished SqFt10,760 SqFtAbove Grade Finished SqFt10,760 SqFtLot Size10,058 SqFtStyleMulti-Family Res (5+ Units)Year Built1957ZoningLAR3CountyLOS ANGELESAPN5544-009-015

Schools near 5358 Loma Linda Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Grant Elementary School
Public - K to 6
Apex Academy
Charter - 7 to 12
Hollywood Senior High School
Public - 9 to 12
Richard A. Alonzo Community Day School
Public - 7 to 12
Rating
School
Distance
Grant Elementary School
PublicK to 6

Apex Academy
Charter7 to 12

Hollywood Senior High School
Public9 to 12

Richard A. Alonzo Community Day School
Public7 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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

Homes for Sale near Hollywood

Neighborhoods

Cities

ZIPs

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 Compass, Johnny Johnston, DRE #01510721

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.