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Listed by Zhu Liu • OFFERI
$1,870,000
Est. payment /mo
7,494 Sqft Lot
Active
5621 La Mirada AVE Los Angeles, CA 90038
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Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC25257943
Year Built 1920
Lot Size 7,494 Sqft
Source California Regional MLS
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,
Location
State CA
County Los Angeles
Area C20 - Hollywood
Interior
Heating Central Forced Air
Cooling Central AC
Laundry Gas Hookup
Exterior
Pool None
View None
Building
Story One Story
Water District - Public
Others
Tax ID 5536002012
Special Listing Condition Not Applicable
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