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    5300 W Loma Linda Ave

    Los Angeles, CA 90027
    • $3,395,000
    • STATUS: Active
    • ON SITE: 22 days
    • ID#: 20-658974
    UPDATED: 231 min ago
    $3,395,000
    • 10
      BEDS
    • 0.25
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,168
      SQFT
    • $657
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1947
    County:
    Area:

    School Ratings & Info

    Description

    Alex Shin, along with KW Commercial DTLA, is honored to present a VALUE ADD opportunity 10-unit Garden-Style apartment complex located in East Hollywood/Thai Town adjacent to Los Feliz. Pride of ownership building with one of the largest lots in the neighborhood. CURRENTLY 1 VACANCY. The new Buyer has the chance to stabilize building capturing over 80% increase in rents as units turn. Rents below market, new roof 5 years ago, separately metered for gas and electric, no soft story retrofit work required, and remodeled units are renting for top dollar. 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 will 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.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-12-04T23:42:28.223. 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.trulinerealty.com/homes/111817019
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    5300 W Loma Linda Ave Los Angeles, CA 90027

    • Price: $3,395,000
    • Status: Active
    • Updated: 231 min ago
    • ID#: 20-658974
    10
    Beds
    0
    Baths
    0
    ½ Baths
    0.25
    Acres
    5,168
    SQFT
    $657
    $/SQFT
    1947
    Built
    Neighborhood:
    Hollywood
    County:
    Los Angeles
    Area:
    Hollywood
    Property Description
    Alex Shin, along with KW Commercial DTLA, is honored to present a VALUE ADD opportunity 10-unit Garden-Style apartment complex located in East Hollywood/Thai Town adjacent to Los Feliz. Pride of ownership building with one of the largest lots in the neighborhood. CURRENTLY 1 VACANCY. The new Buyer has the chance to stabilize building capturing over 80% increase in rents as units turn. Rents below market, new roof 5 years ago, separately metered for gas and electric, no soft story retrofit work required, and remodeled units are renting for top dollar. 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 will 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.
    Exterior Features

    Lot Size Area 10678 Other Structures None Parking Garage TandemGated Total Parking 98

    Interior Features

    Baths Total 10.00 Cooling Air Conditioning Equipment Ceiling Fan Heating Central

    Property Features

    Assessed Total Value 731352 Gross Income 265509 Gross Operating Income 257544 Like Units1 1 Like Units2 1 Like Units3 7 Like Units4 1 Net Operating Income 181135.00 Number Of Buildings 1 Number Of Units 10 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Assessor Total Annual Expense 76408 Type Of Units 10 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 2020-12-04T23:42:28.223. 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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    TruLine Realty
    8644 Wilshire Blvd. Suite 204
    Beverly Hills CA, 90211