5830 La Mirada Ave 10 Unit Apartment Building $2,186,410 CAD ($218,641 CAD/Unit) 6.61% Cap Rate Los Angeles, CA 90038

Marcus and Millichap is pleased to present a ten (10) unit apartment building located at 5830 La Mirada Avenue in Los Angeles, California. The subject property is located in a prime Hollywood location, south of Sunset Boulevard and east of Gower Street.
Located in a prime Hollywood neighborhood, the property features a strong unit mix of seven one-bedroom and three two-bedroom units, including one vacant, fully renovated unit, and offers solid rental upside. The building showcases classic Spanish-style architecture complemented by mature, large-scale trees that enhance curb appeal and provide natural shade. Residents benefit from direct access to major commercial corridors including Santa Monica, Hollywood, and Sunset Boulevards, as well as Western Avenue and the 101 Freeway. The property is near the Hollywood/Vine Metro B Line, and is minutes from major retailers, dining, healthcare, and iconic Hollywood entertainment destinations.
This property’s prime location, strong initial cash flow, vacant renovated unit allowing immediate market rents, and substantial rental upside combine to create a compelling opportunity for near-term income growth and long-term value appreciation.
For OM, please visit: https://www.lamultifamilydeals.com/properties/5830-la-mirada-ave