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10 Well-Maintained Units in East Hollywood! 5345 La Mirada Ave 10 Unit Apartment Building $2,838,348 CAD ($283,835 CAD/Unit) 5.96% Cap Rate Los Angeles, CA 90029

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Investment Highlights

First time on the market in 26 years! Professionally managed.
5 Units feature updated kitchens, bathrooms, and dual-pane windows. Bldg is appx. 60% copper plumbing.
Soft-story seismic retrofit completed in 2019

Offered at a 5.96% CAP Rate and 10.86 GRM on current rents, $205,000/unit and $237/SF!
Many units offer laminate flooring, wall A/C units, ceiling fans, ample storage, and city views
Laundry Room + 2 Bonus Storage Rooms: larger storage room might have ADU potential, the smaller storage room houses the electrical meters

Executive Summary

5345 La Mirada Avenue is a well-maintained 10-unit multifamily property located in East Hollywood. Built in 1965, the property totals approximately 8,648 SF of living space situated on a 7,500 SF LARD1.5-zoned lot. The three-story building offers a desirable unit mix of 8 (1Br+1Ba) units and 2 (2Br+2Ba) units. The spacious residences average approximately 600 SF for the one-bedrooms and 800 SF for the two-bedrooms, with many featuring laminate flooring, wall A/C units, ceiling fans, ample storage, and attractive city views. Five units have been updated in recent years with newer countertops, bathrooms, and dual-pane windows. Soft-story seismic retrofit completed in 2019. The two end units benefit from windows on three sides, providing exceptional natural light and panoramic views of Hollywood and Downtown Los Angeles. Exterior railing and center front section have been repainted within the last few years. Offered at a 5.96% CAP Rate and 10.86 GRM on current rents, $205,000/unit and $237/SF! This property offers an stable and competitive return at current rents, and a significant upside as units turn over and pro forma rents are achieved.

5345 La Mirada Ave_OM_Compressed

Financial Summary (Actual - 2025)	Annual (CAD)	Annual Per SF (CAD)
Gross Rental Income	$261,323	$30.22
Other Income	-	-
Vacancy Loss	$7,839	$0.91
Effective Gross Income	$253,484	$29.31
Taxes	-	-
Operating Expenses	-	-
Total Expenses	$84,439	$9.76
Net Operating Income	$169,045	$19.55

Financial Summary (Actual - 2025)

Gross Rental Income (CAD)
Annual	$261,323
Annual Per SF	$30.22

Other Income (CAD)
Annual	-
Annual Per SF	-

Vacancy Loss (CAD)
Annual	$7,839
Annual Per SF	$0.91

Effective Gross Income (CAD)
Annual	$253,484
Annual Per SF	$29.31

Taxes (CAD)
Annual	-
Annual Per SF	-

Operating Expenses (CAD)
Annual	-
Annual Per SF	-

Total Expenses (CAD)
Annual	$84,439
Annual Per SF	$9.76

Net Operating Income (CAD)
Annual	$169,045
Annual Per SF	$19.55

Property Facts

Price	$2,838,348 CAD	Building Class	C
Price Per Unit	$283,835 CAD	Lot Size	0.17 AC
Sale Type	Investment	Building Size	8,648 SF
Cap Rate	5.96%	Average Occupancy	100%
Gross Rent Multiplier	10.86	No. Stories	2
No. Units	10	Year Built	1965
Property Type	Multifamily	Parking Ratio	1.73/1,000 SF
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Low-Rise
Zoning	LARD1.5-1XL

Price	$2,838,348 CAD
Price Per Unit	$283,835 CAD
Sale Type	Investment
Cap Rate	5.96%
Gross Rent Multiplier	10.86
No. Units	10
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.17 AC
Building Size	8,648 SF
Average Occupancy	100%
No. Stories	2
Year Built	1965
Parking Ratio	1.73/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	LARD1.5-1XL