• Asking Price $4,849,000
  • Estimated Value: $4,898,856

  • 5314 LOMA LINDA AVE LOS ANGELES, CA 90027

  • 17 Beds 4 Baths 12,104 SqFt
  • Multi-family (5 or more units) / Resale (MLS)
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Property Details for 5314 LOMA LINDA AVE, LOS ANGELES, CA 90027

Features

  • Price/sqft: $400
  • Total Units: 4
  • Total Rooms: 17
  • Room List: 17 Bedrooms
  • Parking: 12.0
  • Construction Type: Wood

Facts

  • Year Built: 01/01/1939
  • Property ID: 863614987
  • MLS Number: 24-364565
  • Parcel Number: 5544-009-006
  • Property Type: Multi-family (5 or more units)
  • County: Los Angeles
  • Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. $4,849,000 is the combined price for BOTH properties. We are pleased to offer for sale incredible multifamily assets located at 5314 and 5322 Loma Linda Avenue in the beautiful enclave of Los Feliz. Originally built in 1939 and 1940, the side by side French Normandy properties exemplify the character and charm of 1930's and early 1940's LA. The properties, each with their own APN, consist of very large 1, 2 and 3 bedroom units each offering a terrific spacious floor plan flooded with natural light. Beautifully set around a meticulously landscaped central courtyard, the buildings offer the astute investor with a quintessential value-add opportunity. Apartments feature beautiful hardwood floors, crown moldings, vintage tile work, and outdoor patio space (select units). As current rents hover around $2.31/SF, there is significant rental upside through a comprehensive renovation program as units turn. Additionally, there is ample on-site parking with no soft story retrofit required (Buyer to verify). 5314 and 5322 Loma Linda Avenue are trophy assets in an undeniably attractive location that will surely pay long-term dividends to a savvy investor. This rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a premier turnkey asset in one of the best rental locations in all of Los Angeles. MUST BE PURCHASED TOGETHER WITH PROPERTY NEXT DOOR LOCATED AT 5322 LOMA LINDA AVENUE (7 UNITS ON MLS).

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Property Brokerage: RE/MAX Commercial & Investment 99 South Lake Ave. Pasadena CA 90505
Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


All information provided is deemed reliable, but is not guaranteed and should be independently verified.

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