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$ 2,775,000
Est. payment | /mo
10 Beds
14 Baths
5,918 SqFt
$ 2,775,000
Est. payment | /mo
10 Beds
14 Baths
5,918 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,918 sqft
Price per Sqft $468
MLS Listing ID 26106602
Bedrooms 10
HOA Y/N No
Year Built 2016
Lot Size 6,873 Sqft
Property Description
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
State CA
County Los Angeles
Area C20 - Hollywood
Zoning LARD1.5
Interior
Heating Central
Cooling Central Air
Fireplace No
Appliance Dishwasher, Refrigerator, Dryer, Washer
Exterior
Parking Features Door-Multi, Garage, Private
Community Features Gated
Total Parking Spaces 8
Building
Story 3
Entry Level Three Or More
Level or Stories Three Or More
New Construction No
Others
Senior Community No
Tax ID 5533001040
Security Features Security Gate,Gated Community
Special Listing Condition Standard
Listed by Derrick Vartanian Lyon Stahl Investment Real Estate, Inc. #01816119
Nearby Locations
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Monique H. Ott-Beacham
Broker License ID: DRE #01448692
Broker License ID: DRE #01448692