REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Rick Lee

rickjleehomes@gmail.com +1(714) 943-1598

$ 2,500,000

Est. payment -/mo

Save

Active

5345 La Mirada AVE Los Angeles, CA 90029

7,501 Sqft Lot

UPDATED:

10/18/2024 05:02 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR24057433

HOA Y/N No

Year Built 1965

Lot Size 7,501 Sqft

Property Description

The 5345 La Mirada Avenue Hollywood Apartment building as an investment opportunity to acquire a 10-unit, 3-story building with ground-level parking that has many recent renovations. The building has a strong unit mix of large units made up of (2) two-bedrooms and (8) one-bedrooms. These large units are 800 sf for the two-bedrooms and 600 sf for the one-bedrooms. These spacious units have city views and are well-lit. Five of the units have been completely renovated with new Kitchens, new Bathrooms, large new dual-pane windows, new Kitchen and Bathroom fixtures, large mirrored door Closets, and New Paint. These must-see units offer hardwood flooring, A/C units, ample storage, and ceiling fans. The two (2) bedroom end units feature windows on three sides of each unit with fantastic city views of Hollywood and DTLA. The (1) bedroom units have incredible East and West views of the city.

The building is well-maintained and professionally managed and is in great condition. The building has new exterior paint, is beautifully landscaped, and there is ample parking with (8) tandem covered and (2) covered single parking spaces. The property has security fencing and a secured gated entrance for walking and parking accessibility. There is an on-site laundry facility for 24-hour tenant use. The building is separately metered for both gas and electricity. There are remote security cameras throughout the property that allow ownership 24-hour viewing access.

There is an excellent ADU opportunity for this deal with the (8) large tandem parking spaces in the ground-level parking area. In addition, there is a large owner unit-type space that could easily be converted into an ADU space. This is an incredible opportunity to take advantage of LA's need to add more housing and increase capital through building ADUs on land you already own.

The property is located in a quiet Hollywood neighborhood that features easy access to transportation, shopping, schools, and major Hollywood attractions. Just down the block is the La Mirada city park which is ideal for kids and a quiet break from city life. There is also ample street parking for visitors or guests. Enjoy the fun and excitement of Hollywood while owning in a quiet Hollywood neighborhood area. There is easy access to the Santa Monica and Hollywood Blvd 101 Freeway off-ramps and exits.

Location

State CA

County Los Angeles

Area C20 - Hollywood

Zoning LARD1.5

Rooms

Ensuite Laundry Common Area, Inside

Interior

Laundry Location Common Area,Inside

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Tile, Wood

Fireplace No

Laundry Common Area, Inside

Exterior

Garage Assigned, Controlled Entrance, Paved

Garage Spaces 16.0

Carport Spaces 2

Garage Description 16.0

Pool None

Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks, Urban

Parking Type Assigned, Controlled Entrance, Paved

Total Parking Spaces 18

Private Pool No

Building

Lot Description Garden, Level, Rectangular Lot

Story 3

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5537003024

Energy Description 2050.0

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

Listed by Cynthia Burts • Burts & Associates • 310-308-8003

Rick Lee

Team Leader | License ID: 02130981

+1(714) 943-1598

GET MORE INFORMATION

QUICK SEARCH

Rick Lee

Rick Lee

5345 La Mirada AVE Los Angeles, CA 90029

Key Details

Location

Rooms

Interior

Exterior

Building

Others

GET MORE INFORMATION

Go tour this home

5345 La Mirada AVE