Skip To Content
    Return to Previous Page

    5300 Loma Linda Avenue

    Los Angeles (City), CA 90027
    • $2,995,000
    • STATUS: Active
    • ON SITE: 7 days
    • MLS #: 21679116
    UPDATED: 45 min ago
    $2,995,000
    • 0
      BEDS
    • 0.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,532
      SQFT
    • $398
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1947
    County:

    School Ratings & Info

    Description

    $400,000 PRICE REDUCTION. ALL OFFERS DUE FRIDAY 1/22/2021. Pride of Ownership Two-Story Garden Style apartment in an incredible location of East Hollywood, within walking distance to Los Feliz and 1 mile from the heart of Hollywood. Tremendous upside potential in this true value add opportunity in a market with strong rental demand from families and young professionals. 1 unit delivered VACANT at COE. Subject property sits on a LARGE corner lot over 10,500 SqFt. New roof approx. 5 years ago, separately metered for gas and electric, no soft story retrofit work required. There are 9 tandem parking spaces all secured by a gate. 5300 Loma Linda provides the new owner a special opportunity to bring this property to its fullest potential with some rehab work and command strong rents, being wedged between Hollywood to the West, Los Feliz to the East, Griffith Park to the north, and Hancock Park/Koreatown to the South. Income & Expenses are scheduled estimates. This will NOT last long!!

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-20T09:26:38.83. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.

    www.desertareahomesforsale.com/homes/113202280
    Print Image

    5300 Loma Linda Avenue Los Angeles (City), CA 90027

    • Price: $2,995,000
    • Status: Active
    • Updated: 45 min ago
    • MLS #: 21679116
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.24
    Acres
    7,532
    SQFT
    $398
    $/SQFT
    1947
    Built
    Neighborhood:
    C20 - Hollywood
    County:
    Los Angeles
    Area:
    C20 - Hollywood
    Property Description
    $400,000 PRICE REDUCTION. ALL OFFERS DUE FRIDAY 1/22/2021. Pride of Ownership Two-Story Garden Style apartment in an incredible location of East Hollywood, within walking distance to Los Feliz and 1 mile from the heart of Hollywood. Tremendous upside potential in this true value add opportunity in a market with strong rental demand from families and young professionals. 1 unit delivered VACANT at COE. Subject property sits on a LARGE corner lot over 10,500 SqFt. New roof approx. 5 years ago, separately metered for gas and electric, no soft story retrofit work required. There are 9 tandem parking spaces all secured by a gate. 5300 Loma Linda provides the new owner a special opportunity to bring this property to its fullest potential with some rehab work and command strong rents, being wedged between Hollywood to the West, Los Feliz to the East, Griffith Park to the north, and Hancock Park/Koreatown to the South. Income & Expenses are scheduled estimates. This will NOT last long!!
    Exterior Features

    Direction Faces North Lot Features LandscapedYard Lot Size Source Assessor Lot Size Units Square Feet Parking Features Gated Parking YN Yes

    Interior Features

    Cooling None Cooling YN No Heating None Heating YN No Levels Two

    Property Features

    Additional Parcels YN Yes Country Us Gross Income 265509.00 Gross Multiplier 11.28 Gross Operating Income 257544.00 Net Operating Income 181135.00 Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Total Expenses 76408.00 Vacancy Allowance Rate 3.00 Zoning Lar3

    Listing provided courtesy of Alex Shin of Keller Williams Downtown La


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-20T09:26:38.83. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.

     
    https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365097732-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365097732-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365097732-1.jpg
    Logo
    Desert Area Homes For Sale | Premier Properties
    78115 Calle Estado #104
    La Quinta CA, 92253