$1,870,000
5621 La Mirada Avenue
Los Angeles, CA 90038
—
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.
Property Details
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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
Courtesy of Pinnacle Real Estate Group






