5345 La Mirada AVE Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90029
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
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Tile,Wood
Fireplace No
Laundry Common Area,Inside
Exterior
Parking Features 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
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