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5742 La Mirada Ave
Los Angeles, CA 90038
Multifamily Property For Sale
·
2 Units
Investment Highlights
- Charmin duplex built in 1917
- Approx. 2,574 SF of living space on a 7,500 SF LAR3-zoned lot
- Adjacent property at 5736 La Mirada Ave also available for sale and can be purchased separately or together
- Two (2) two-bed/one-bath units & three (3) parking spaces
- Rated “Very Walkable” with a score of 83
- Combined lots total approximately 15,000 SF with the potential to build two (2) additional ADUs per lot (Buyer to verify)
Executive Summary
5742 La Mirada Ave is a charming duplex located in the desirable Hollywood Studio District! Built in 1917, the property offers approximately 2,574 square feet of living space on a 7,500 square foot LAR3-zoned lot. The property is comprised of two (2) one-bed/one bath units. 5742 La Mirada Ave features three (3) parking spaces and is gated for added security.
The adjacent property at 5736 La Mirada Ave is also available for sale and may be purchased separately or together, offering a combined lot size of approximately 15,000 SF and the potential to develop up to two (2) additional ADUs on each lot (buyer to verify).
5742 La Mirada Ave is ideally situated near the intersection of Sunset Blvd and N Van Ness Ave, the property benefits from its location within Hollywood's established studio and entertainment district. 5742 La Mirada Ave is surrounded by major employment centers, entertainment studios, post-production houses, retail corridors, and hospitals including Netflix, Sunset Gower Studios, and Sunset Bronson Studios and Hollywood Presbyterian Medical Center. Rated "Very Walkable" with a Walk Score of 83, the property offers convenient access to the shopping, dining, and entertainment options along Santa Monica Blvd, Sunset Blvd. Nearby popular destinations include Osteria La Buca, Ggiata Delicatessen, and Great White. The property is also half a mile away from future Echelon Studios, a 550,000-square-foot mixed-use development featuring new production studios, office space, and retail. Residents further benefit from numerous public transportation options, as well as convenient access to the Metro B Line and the 101 Freeway, providing connectivity throughout Los Angeles.
The adjacent property at 5736 La Mirada Ave is also available for sale and may be purchased separately or together, offering a combined lot size of approximately 15,000 SF and the potential to develop up to two (2) additional ADUs on each lot (buyer to verify).
5742 La Mirada Ave is ideally situated near the intersection of Sunset Blvd and N Van Ness Ave, the property benefits from its location within Hollywood's established studio and entertainment district. 5742 La Mirada Ave is surrounded by major employment centers, entertainment studios, post-production houses, retail corridors, and hospitals including Netflix, Sunset Gower Studios, and Sunset Bronson Studios and Hollywood Presbyterian Medical Center. Rated "Very Walkable" with a Walk Score of 83, the property offers convenient access to the shopping, dining, and entertainment options along Santa Monica Blvd, Sunset Blvd. Nearby popular destinations include Osteria La Buca, Ggiata Delicatessen, and Great White. The property is also half a mile away from future Echelon Studios, a 550,000-square-foot mixed-use development featuring new production studios, office space, and retail. Residents further benefit from numerous public transportation options, as well as convenient access to the Metro B Line and the 101 Freeway, providing connectivity throughout Los Angeles.
Property Facts
| Price Per Unit | $823,917 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 4.82% | Building Size | 2,574 SF |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1917 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | LAR3 | ||
| Price Per Unit | $823,917 CAD |
| Sale Type | Investment |
| Cap Rate | 4.82% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 2,574 SF |
| No. Stories | 2 |
| Year Built | 1917 |
| Opportunity Zone |
Yes |
| Zoning | LAR3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | - | - |
Property Taxes
| Parcel Number | 5536-005-021 | Improvements Assessment | $400,090 CAD |
| Land Assessment | $1,600,374 CAD | Total Assessment | $2,000,464 CAD |
Property Taxes
Parcel Number
5536-005-021
Land Assessment
$1,600,374 CAD
Improvements Assessment
$400,090 CAD
Total Assessment
$2,000,464 CAD
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