5700 La Mirada Avenue
5700 La Mirada Avenue
$2,890,000
14
14
8,445
8,445
$342
Description
With four separate buildings spanning two parcels, the property occupies a total of 15,090 land square feet on the corner of Wilton Place and La Mirada Avenue. The existing assets are available for an attractive 10.98 GRM with approximately 16% rent upside, in addition to potential future development possibilities adding flexibility to an investor's exit strategy. The large lot is zoned LAR3 and sits in a Tier 2 TOC area, while also holding ED1 eligibility. Located near Sunset Boulevard, the property...With four separate buildings spanning two parcels, the property occupies a total of 15,090 land square feet on the corner of Wilton Place and La Mirada Avenue. The existing assets are available for an attractive 10.98 GRM with approximately 16% rent upside, in addition to potential future development possibilities adding flexibility to an investor's exit strategy. The large lot is zoned LAR3 and sits in a Tier 2 TOC area, while also holding ED1 eligibility. Located near Sunset Boulevard, the property provides tenants with convenient access to several Hollywood destinations as well as the rest of the Los Angeles metro, via the nearby 101 Freeway. The exclusive Hancock Park neighborhood is only a few blocks southwest, while Koreatown and the Hollywood Walk of Fame are both nearby as well. The new 14-story ICON office tower, primarily leased to Netflix, was recently completed at the nearby Sunset Bronson Studios, while additional new construction is scheduled for Sunset Gower Studios, just one mile from the property. There, a joint venture between Hudson Pacific Properties and The Blackstone Group will be expanding the studio and office space, adding 620,000 square feet to the studio campus. The property is just north of Paramount Studios, the Hollywood Forever Cemetery, and Melrose Hill. The Melrose Hill neighborhood was recently named Los Angeles' Hottest Culinary Boom Town by Eater Los Angeles. Several exciting dining options have recently debuted in the immediate area, including Etra, Kuya Lord, Ggiata, Caf Telegrama, and Le Coupe. Tenants can look forward to even more culinary options in the near future, as Little Fish, Bar Etoile, and Holy Basil are slated to open as well.
- Listed by Roderick 'Rick' Raymundo • DRE #01357019 • Brokerage DRE #01240999 • Marcus & Millichap
Property Details for 5700 La Mirada Avenue
Zoning
LAR3
Parcel Number5536005013
Total Units13.0
Living Area8445
Source Living AreaAssessor
AreaHollywood (C20)
Vacancy Rate3%
Lot Size Area15090
Location
LISTING UPDATED: 04/16/2024 12:01 AM
Property Details for 5700 La Mirada Avenue
Status | Active |
---|---|
MLS # | 24-377957 |
Days on Market | 26 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1909 |
Lot Size | 0.35 AC / 15,090 SF |
County | Los Angeles County |
Location
Building Information for 5700 La Mirada Avenue
Stories2Residences-Year Built1909Building Size-Lot Size0.35 AC / 15,090 SF
Payment Calculator
$17,254 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 5700 La Mirada Avenue
Property History for 5700 La Mirada 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 5700 La Mirada Avenue
Taxable ValueLand$557,759Additions$825,766Total$1,383,525
Tax Record2023$17,785 ($1,482 / month)
Home Facts
Total Finished SqFt4,542 SqFtAbove Grade Finished SqFt4,542 SqFtLot Size7,589 SqFtStyleMulti-Family Res (5+ Units)Year Built1909ZoningLAR3CountyLOS ANGELESAPN5536-005-013
Schools near 5700 La Mirada Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Charter - | K to 6 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Santa Monica Boulevard Community Charter School CharterK to 6 | ||
Joseph Le Conte Middle School Public6 to 8 | ||
Helen Bernstein High School Public9 to 12 | ||
STEM Academy at Bernstein High 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.
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