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    5300 Loma Linda Ave

    Los Angeles, CA 90027
    • $3,000,000
    • STATUS: Active
    • ON SITE: 48 days
    • MLS #: 21-679116
    UPDATED: 67 min ago
    $3,000,000
    • 10
      BEDS
    • 0.25
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,532
      SQFT
    • $398
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1947
    County:
    Area:

    School Ratings & Info

    Description

    Pride of Ownership Two-Story Garden Style apartment in an incredible location of East Hollywood, within walking distance to Los Feliz and 1 mile from the heart of Hollywood. Tremendous upside potential in this true value add opportunity in a market with strong rental demand from families and young professionals. 1 unit delivered VACANT at COE. Subject property sits on a LARGE corner lot over 10,500 SqFt. New roof approx. 5 years ago, separately metered for gas and electric, no soft story retrofit work required. There are 9 tandem parking spaces all secured by a gate. 5300 Loma Linda provides the new owner a special opportunity to bring this property to its fullest potential with some rehab work and command strong rents, being wedged between Hollywood to the West, Los Feliz to the East, Griffith Park to the north, and Hancock Park/Koreatown to the South. Income & Expenses are scheduled estimates. This will NOT last long!!

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-03-02T10:42:41.003. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.markwiseproperties.com/homes/113200741
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    5300 Loma Linda Ave Los Angeles, CA 90027

    • Price: $3,000,000
    • Status: Active
    • Updated: 67 min ago
    • MLS #: 21-679116
    10
    Beds
    0
    Baths
    0
    ½ Baths
    0.25
    Acres
    7,532
    SQFT
    $398
    $/SQFT
    1947
    Built
    Neighborhood:
    Hollywood
    County:
    Los Angeles
    Area:
    Hollywood
    Property Description
    Pride of Ownership Two-Story Garden Style apartment in an incredible location of East Hollywood, within walking distance to Los Feliz and 1 mile from the heart of Hollywood. Tremendous upside potential in this true value add opportunity in a market with strong rental demand from families and young professionals. 1 unit delivered VACANT at COE. Subject property sits on a LARGE corner lot over 10,500 SqFt. New roof approx. 5 years ago, separately metered for gas and electric, no soft story retrofit work required. There are 9 tandem parking spaces all secured by a gate. 5300 Loma Linda provides the new owner a special opportunity to bring this property to its fullest potential with some rehab work and command strong rents, being wedged between Hollywood to the West, Los Feliz to the East, Griffith Park to the north, and Hancock Park/Koreatown to the South. Income & Expenses are scheduled estimates. This will NOT last long!!
    Exterior Features

    Direction Faces North Levels Two Lot Description LandscapedFencedRedevelopment AreaYard Lot Location Corner Lot Lot Size Area 10678 Other Structures None Parking Garage Gated Total Parking 9

    Interior Features

    Baths Total 10.00 Cooling None Equipment None Heating None

    Property Features

    Assessed Total Value 731352 Gross Income 265509 Gross Operating Income 257544 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 7 Net Operating Income 181135.00 Number Of Buildings 1 Number Of Units 10 Rent Control YN Yes Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 76408 Type Of Units Income Water Heaters YN Yes Year Built Source Assessor Zoning Lar3

    Listing provided courtesy of Alex Shin DRE# of Keller Williams Downtown La.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-03-02T10:42:41.003. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Mark Wise | Bennion Deville Homes
    71691 Highway 111
    Rancho Mirage CA, 92270