5345 La Mirada AVE, Los Angeles, CA 90029
5345 La Mirada AVE, Los Angeles, CA 90029
5345 La Mirada AVE, Los Angeles, CA 90029
5345 La Mirada AVE, Los Angeles, CA 90029
5345 La Mirada AVE, Los Angeles, CA 90029
5345 La Mirada AVE, Los Angeles, CA 90029
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Ian Michael

Ian Michael

+1(714) 723-1545
$ 2,050,000
Est. payment | /mo

12 Beds

12 Baths

8,648 SqFt

Save
$ 2,050,000
Est. payment | /mo
Save

12 Beds

12 Baths

8,648 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 8,648 sqft

Price per Sqft $237

MLS Listing ID 26907637

Bedrooms 12

HOA Y/N No

Year Built 1965

Lot Size 7,501 Sqft

Property Description

5345 La Mirada Avenue is a well-maintained 10-unit multifamily property located in East Hollywood. Built in 1965, the property totals approximately 8,648 SF of living space situated on a 7,500 SF LARD1.5-zoned lot. The three-story building offers a desirable unit mix of eight (8) 1-bed/1-bath units and two (2) two-bed/two-bath units. The spacious residences average approximately 600 SF for the one-bedrooms and 800 SF for the two-bedrooms, with many featuring hardwood flooring, wall A/C units, ceiling fans, ample storage, and attractive city views. Five units have been renovated in recent years with updated kitchens, bathrooms, and dual-pane windows. The two end units benefit from windows on three sides, providing exceptional natural light and panoramic views of Hollywood and Downtown Los Angeles. Offered at a 5.96% CAP Rate and 10.86 GRM on current rents, $205,000/unit and $237/SF! This property offers a stable and competitive return at current rents, and a significant upside as units turn over and pro forma rents are achieved. East Hollywood is a vibrant, centrally located Los Angeles neighborhood known for its rich cultural mix, anchored by Thai Town and Little Armenia, a strong local food scene, and a walkable, urban feel. It offers a blend of classic Craftsman homes, mid-century apartments, and newer multifamily development, with easy access to Hollywood, Los Feliz, Griffith Park, and major transit routes. Popular with renters, creatives, and investors alike, Melrose Hill continues to see steady demand. The median home sales price is approximately $900,000, though pricing varies widely by property type and location within the neighborhood.

Location

State CA

County Los Angeles

Area C20 - Hollywood

Zoning LARD1.5

Interior

Heating Wall Furnace

Fireplace No

Exterior

Parking Features Covered, Gated

Total Parking Spaces 16

Building

Story 3

Entry Level Three Or More

Level or Stories Three Or More

New Construction No

Others

Senior Community No

Tax ID 5537003024

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Nicole Apostolos Equity Union #01464936

Nearby Locations

Ian Michael

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 723-1545

ian@luxurela.com

50 Wilshire Blvd suite 203,, Beverly Hills, California 9021290212, USA

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree to receive recurring marketing communication from Syatt LLC, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

By checking this box, I agree to the Terms of Service and Privacy Policy of this website.

Go tour this home

5345 La Mirada AVE