5700-5704 La Mirada Avenue
$2,560,000
|
Closed
Property Details
Year Built:
1909
Units:
13
Price / Unit:
$196,923
Price / SqFt:
$303.14
CAP:
4.48%
GRM:
14.09
Executive Summary
- Prime Hollywood Location in a Densely Populated Rental Market
- Two Adjacent Parcels – Total Corner Lot 15,089 Square Feet
- Possible Development Opportunity – Zoned LAR3-1 – Buildable Up To Eighteen Units By Righr
- Over Twenty Five Percent Rental Upside Potential
- Walking Distance to Sunset Boulevard and Hollywood Attractions – Retail, Dining and Entertainment
- Current Major Development Projects Within the Immediate Area
- Mostly Copper Plumbing – Separately Metered for Gas and Electric
- On-Site Laundry Facilities and On-Site Parking – Twelve Uncovered Spaces and Three One-Car Garages
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