Executive Summary

The Neema Group of Marcus & Millichap is pleased to present 5814 La Mirada Ave, a new construction 13-unit investment opportunity in Hollywood located between N Van Ness Ave & N Bronson Ave

Construction is set to be completed and the certificate of occupancy is scheduled to be issued by end of summer 2024; the property is located within a Qualified Opportunity Zone

This trophy asset will be delivered 100% vacant, before the issuance of the certificate of occupancy, allowing an investor to qualify for the Opportunity Zone step up in basis and tax benefits

The subject property features a unit mix of two one-bedrooms (527- 635 SF), five two-bedrooms (639-788 SF) and six three-bedrooms (1,160-1,197 SF) with a level of subterranean parking with 13 spaces; one of the units is set aside as a VLI unit; 10 units have a balcony, and the three top floor units have private roof decks

Prime opportunity for an investor to acquire and lease at market rents immediately; with a total of 30 bedrooms, the property could be ideal for furnished rentals, corporate housing, or supportive housing

Units have been meticulously constructed with vinyl flooring, stacked washers and dryers, stainless steel appliances, recessed lighting, and modern bathrooms and kitchens

5814 La Mirada Ave boasts a high walk score of 87 and is three blocks east of Sunset Gower Studios and just south of Netflix on Sunset Blvd; there are plentiful retail amenities within walking distance on Santa Monica Blvd and Sunset Blvd

Hollywood remains one of the strongest rental submarkets in the city and an attractive area to acquire property due to its close proximity to nearby neighborhoods such as Larchmont Village, Hancock Park, Los Feliz, West Hollywood, La Brea, and Koreatown