5724 La Mirada Avenue, Los Angeles, CA 90038

Property Description

5724 La Mirada Avenue is located in the heart of Hollywood with an OVER 6.5% CAP RATE! Built in 1912, the property features five (5) units across two separate structures totaling appx 3,284 SF of rentable living space on a 7,500 SF LAR3-zoned lot. The front building is a one-story duplex with SFR style units, while the rear structure is a two-story triplex. The unit mix consists of four (4) one-bed/one-bath units and one (1) two-bed/one-bath unit. The property offers three (3) on-site parking spaces, along with ample off-street parking. One (1) 1+1 unit is currently VACANT! Positioned within one of Los Angeles' most established and creative submarkets, the property benefits from close proximity to major post-production studios, media companies, and prominent employment centers. The surrounding area is defined by its strong lifestyle appeal, with convenient access to well-known dining and retail destinations such as Osteria La Buca, Ggiata Delicatessen, and Great White. Located less than half a mile from Echelon Studios Complex a project of 550,000 SF of new production studio, office, and retail space set to be completed this year. Its central location provides convenient connectivity to Hollywood, Koreatown, and Downtown Los Angeles and is rated "Very Walkable" with a Walk Score of 89.