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5621 La Mirada Avenue

Los Angeles (City), CA 90038
  • $2,250,000
  • STATUS: Active
  • ON SITE: 25 Days
  • ID#: OC21245787
UPDATED: 28 min ago
$2,250,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1920
County:

School Ratings & Info

Listing Agent: Baby Hu of Jc Pacific Capital Inc.


Description

Prime development opportunity in the heart of Hollywood just steps from Sunset Blvd. Zoned LAR3 and TOC Tier 3, the current owner has completed plans to build 14 luxury apartments with underground level parking and a roof top deck. total 4 floors,29 bedrooms and 29bathrooms,20 parking space and 18 bicycle spot. construction area is 14000sq . The old buildings have demolish permit, the land is ready for you to start your project. As you know, this is a rapidly developing area with tons of demand. Generating high rents for apartments like these, providing a great return for the investor/ developer.Regarding all the data of this property, the buyer must go to the authoritative department to verify , the listing agent is not responsible for the published data.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-05T17:26:19.93. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Sentry Residential. Licensed in the State of California, USA.
www.themarellygroup.com/homes/123167773
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5621 La Mirada Avenue Los Angeles (City), CA 90038

  • Price: $2,250,000
  • Status: Active
  • On Site: 25 Days
  • Updated: 28 min ago
  • ID#: OC21245787
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1920
Built
Neighborhood:
C20 - Hollywood
County:
Los Angeles
Area:
C20 - Hollywood
Property Description
Prime development opportunity in the heart of Hollywood just steps from Sunset Blvd. Zoned LAR3 and TOC Tier 3, the current owner has completed plans to build 14 luxury apartments with underground level parking and a roof top deck. total 4 floors,29 bedrooms and 29bathrooms,20 parking space and 18 bicycle spot. construction area is 14000sq . The old buildings have demolish permit, the land is ready for you to start your project. As you know, this is a rapidly developing area with tons of demand. Generating high rents for apartments like these, providing a great return for the investor/ developer.Regarding all the data of this property, the buyer must go to the authoritative department to verify , the listing agent is not responsible for the published data.
Exterior Features

Lot Features 6-10 Units/Acre Number Of Separate Electric Meters 2 Parking Total 1 Pool Features None Pool Private YN No Property Attached YN No View None View YN No

Interior Features

Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Heating Central Heating YN Yes Interior Features All Bedrooms Down

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Street Lights Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 69000 Gross Scheduled Income 84000 Insurance Expense 1200 Land Lease YN No Laundry Features None Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To Existing LoanCash To New Loan1031 Exchange Maintenance Expense 800 Net Operating Income 69000 New Construction YN No Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Operating Expense 15000 Property Sub Type Duplex Rent Control YN Yes Senior Community YN Yes Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Water Sewer Expense 0 Water Source Public Zoning Lar3



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-05T17:26:19.93. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Sentry Residential. Licensed in the State of California, USA.
 
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The Marelly Group | Sentry Residential
5256 South Mission Rd, Suite 1006
Bonsall CA, 92003
Listing Agent: Baby Hu of Jc Pacific Capital Inc.