Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

4

Building size

5,918 sqft

Lot size

6,874 sqft

Year built

2016

Stories

3

Heating

Central

Cooling

Central Air

Status

Active

Days on market

0

MLS #

249301237

About this property

We are pleased to present 65466548 La Mirada Avenue, an exceptional four-unit multifamily investment opportunity located in the heart of Hollywood, one of Los Angeles' most dynamic and desirable rental markets. Built in 2016, this beautifully maintained property features contemporary architecture, spacious multi-level townhome-style residences, and high-quality interior finishes, offering investors a rare opportunity to acquire a newer-construction asset with minimal anticipated capital improvement requirements. The property consists of an attractive unit mix of two (2) two-bedroom/two-and-one-half-bathroom residences and two (2) three bedroom/three-and-one-half-bathroom residences, totaling approximately 5,918square feet of living area. Each thoughtfully designed residence features an open concept floor plan with expansive living areas, modern kitchens equipped with stainless steel appliances, stylish cabinetry, premium laminate flooring, recessed lighting, and contemporary bathrooms featuring custom tilework and upscale fixtures. All bedrooms feature their own en-suite bathrooms, while each residence includes an additional powder room for guests, providing an exceptional level of privacy and convenience. Additional amenities include central air conditioning and heating, smart-home technology with Nest-style thermostats, in unit washers and dryers, private balconies in select residences, and attached two car garages with direct access to the units. The property's multi-level layouts provide the space, privacy, and functionality of a single-family residence while offering the convenience of townhome living. Importantly, all four residences are separately metered for electricity, gas, and water, allowing tenants to pay for their own utilities and significantly reducing the owner's operating expenses. This highly desirable feature further enhances the property's operational efficiency and long term investment appeal. A significant highlight of the offering is the availability of both three-bedroom residences, which are currently vacant and ready for immediate occupancy or leasing at market rents. This presents an outstanding opportunity for investors to establish new rental income without the need for tenant relocation, while also providing a compelling owner-user opportunity to occupy a spacious, modern three-bedroom residence and generate income from the remaining units. Constructed in 2016, the property is not subject to the City of Los Angeles Rent Stabilization Ordinance and currently benefits from California's AB 1482 new-construction exemption, offering greater flexibility in rental operations. Ideally situated in the heart of Hollywood, the property benefits from its proximity to an abundance of restaurants, shopping, entertainment, and major employment centers. Residents enjoy convenient access to Paramount Studios, Hollywood's entertainment and media industry, and the vibrant retail and dining destinations along Santa Monica Boulevard, Melrose Avenue, and Sunset Boulevard. The property's central location also provides convenient connectivity to neighboring communities, including West Hollywood, Hancock Park, and Larchmont Village.

Location

6546 La Mirada Avenue

Los Angeles, Los Angeles, CA, 90038