5322 Loma Linda Avenue, Los Angeles, CA 90027
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Listed Price :
$4,749,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
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Year Built :
1940
Property Description
$4,749,000 is the combined price for BOTH properties. We are pleased to offer for sale incredible multifamily assets located at 5314 and 5322 Loma Linda Avenue in the beautiful enclave of Los Feliz. Originally built in 1939 and 1940, the side by side French Normandy properties exemplify the character and charm of 1930's and early 1940's LA. The properties, each with their own APN, consist of very large 1, 2 and 3 bedroom units each offering a terrific spacious floor plan flooded with natural light. Beautifully set around a meticulously landscaped central courtyard, the buildings offer the astute investor with a quintessential value-add opportunity. Apartments feature beautiful hardwood floors, crown moldings, vintage tile work, and outdoor patio space (select units). As current rents hover around $2.31/SF, there is significant rental upside through a comprehensive renovation program as units turn. Additionally, there is ample on-site parking with no soft story retrofit required (Buyer to verify).5314 and 5322 Loma Linda Avenue are trophy assets in an undeniably attractive location that will surely pay long-term dividends to a savvy investor. This rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a premier turnkey asset in one of the best rental locations in all of Los Angeles. MUST BE PURCHASED WITH ADJACENT PROPERTY LOCATED AT 5314 LOMA LINDA AVE (4 UNITS).
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
| Flooring Information |
| Material |
Wood |
Listing Information
| Address |
5322 Loma Linda Avenue |
| City |
Los Angeles |
| State |
CA |
| Zip |
90027 |
| County |
Los Angeles |
| Listing Agent |
Jonathan Taksa DRE #01366169 |
| Courtesy Of |
Remax Commercial and Investment Realty |
| List Price |
$4,749,000 |
| Status |
Hidden |
| Type |
Residential Income |
| Structure Size |
N/A |
| Lot Size |
21,357 |
| Year Built |
1940 |
Listing information courtesy of: Jonathan Taksa, Remax Commercial and Investment Realty. *Based on information from the Association of REALTORS/Multiple Listing as of Jun 13th, 2024 at 5:04 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
