Address
5300 Loma Linda Avenue Los Angeles, CA
Price
$ 2,600,000
Property Attributes
  • MLS#21106539
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaHollywood
  • Zip90027
  • StyleMid-Century Modern
  • Price$ 2,600,000
  • Bedrooms10
  • Full Bathrooms10
  • Half Bathrooms0
  • Sqr Footage7532
  • Lot Size10,678 SqFt
Listing Provided Courtesy Of:
Alexavier Shin with Iconic Investments - 323-994-2612
Data Source:
California Regional MLS (CRMLS) - 25 - CA
Property Description

The Loma Linda Apartments, in the up-and-coming Thai Town neighborhood of Los Angeles, is a 10-unit multi-family building built in 1947. The property is located at 5300 Loma Linda Avenue and is comprised of 1 Studio, 8 one-bed/one-bath units and 1 two-bed/one-bath unit across 7,532 gross square feet of improvements on 10,678 square feet of land. Utilities are separately metered for electricity and gas. Some of the units have been lightly updated by current ownership, with room for more growth. In addition, a new roof was installed about 10 years ago and new water heaters 5 years ago. The Loma Linda Apartments are an ideal investment opportunity for all renovation-oriented buyers. As the units turn, it will allow new ownership to immediately renovate, remodel and reposition the property to capture a higher-income tenant base and top-of-market rents. Located on the northeast edge of Hollywood, Thai Town neighborhood is a six-block area flanking Hollywood Blvd. between Normandie Ave. and Western Ave. Thai Town borders Los Feliz and East Hollywood. 5300 Loma Linda Ave. offers tenants immediate access to a broad selection of world class dining, entertainment, and shopping destinations easily accessible by walking or a short drive. Retailers within walking distance include Target, Chase Bank, Starbucks, Ralphs Supermarket and Petco. Within 0.5 miles of the property is the headquarters of Netflix, Sunset Bronson Studios, Emerson College and KTLA 5. The Loma Linda Apartments are less than 0.3 miles to the nearby Red Line Metro Station at the corner of Hollywood Blvd. and Western Ave. and the area is served by the Metro Rapid bus lines 757 & 780 and Metro Local bus lines 180, 181, 206, 207, & 217.

Price History
11/19/2021 Listed $2,600,000

General Features

Architectural Style Mid-Century Modern
Co-Listing Agent State License # 01821053
Co-listing Agent Adam Zunder - BRE#01821053
Facing Direction East
Listing Agent Alexavier Shin - BRE#02106720
Listing Agent State License 02106720
Lot Size Square Feet 10678
MLS Area C20 - Hollywood
Pool Features None
Property Type Residential Income
PropertyCondition Repairs Cosmetic
Roof Composition
Senior Community Y/N No
Spa Features None
Special Listing Conditions Standard
Status Active
Total Actual Rent 11746
Total Units 10
View None
Zoning LAR3

Interior Features

Laundry Features None

Exterior Features

Lot Features Rectangular Lot
Lot Size Acres 0.25
Lot Size Area 10678
Lot Size Source Assessor
Lot Size Units Square Feet
Number of Buildings 1
Parking Features Driveway
Total Parking 9

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 90027

Price
AVG $4.5M
$2.6M
Visits
AVG 48
6
Year Built
AVG 1955
1947
Walkscore
AVG 90
92
Data Provided by Walkscore ® not using MLS data

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