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For SaleLuxury

$1,870,000

7,492 sqft$250/sqft363 days on market

5621 La Mirada Avenue

Los Angeles, CA 90038

· 8% down, 7% APR, 30yr fixed

—

Beds

—

Baths

7,492

Square feet

1920

Built

Listing narrative

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, this project offers investors stable cash flow and significant upside potential.

Listing agent (MLS): Zhu Liu · Listing brokerage (MLS): Pinnacle Real Estate Group

Property Details

Key facts from the live listing feed are grouped here for quick review. Only fields confirmed by the active source are shown.

Price

$1,870,000

Beds

Beds n/a

Type

Multi-Family

Home Size

7,492 sqft

Baths

Baths n/a

Lot Size

0.17 acres

Year

1920

Status

For Sale

Days on Market

363

$ / Sqft

$250

· 8% down, 7% APR, 30yr fixed
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Courtesy of Pinnacle Real Estate Group