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Property Description

RTI ready! This Hollywood project offers an excellent investment opportunity in a high-demand rental market. Situated in the heart of Hollywood, close to major job centers, schools, and public transportation. With a modern co-living design, 45 private bedrooms, each with ensuite bathrooms--ideal for young professionals or transitional housing program. Walking distance to Netflix headquarter and near the Walk of Fame, TCL Chinese Theatre, Hollywood Bowl, Sunset Boulevard &Hollywood Nightlife , Downtown Los Angeles, and everything else Los Angeles has to offer. This is a great opportunity for housing groups specializing in student housing, young professionals entering the workforce, corporate housing, healthcare assisted living, transition and affordable housing. Tenants will enjoy all the benefits of modern living in a prime area of Hollywood near the 110 Fwy. It has a strong rental income potential, the project is positioned to generate significant returns for investors through both rental revenue and appreciation upon sale. This Hollywood Project represents a rare opportunity to invest in a new, fully entitled, high-density residential building designed for long-term rental income or resale. With a proven co-living business model, low vacancy risk, and prime Los Angeles location, this project offers investors stable cash flow and significant upside potential.

Overview

Property Status
For Sale
Lot Size
7,494 Sq.Ft.
MLS ID
OC25257943
Property Type
Multi-Family
Year Built
1920

Features & Amenities

Total Area
13,635 Sq.Ft.
Neighborhood
Los Angeles
View Description
None
Stories
1
Water Source
Public
Pool
None
Lot Features
Back Yard
Heat Type
Central
Air Conditioning
Central Air
Laundry Room
Gas Dryer Hookup
Fireplace
See Remarks
Other Interior Features
All Bedrooms Down
Sewer
Private Sewer
Sales Price
$1,870,000
Zoning
LAR3

Downloads

5621 La Mirada Avenue

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for your interest in 5621 La Mirada Avenue, Los Angeles, CA 90038

5621 La Mirada Avenue
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