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5300 Loma Linda Ave

Los Angeles, CA 90027
  • $2,600,000
  • STATUS: Active
  • ON SITE: 18 Days
  • MLS #: 21-106539
UPDATED: 16 min ago
$2,600,000
  • 10
    BEDS
  • 0.25
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,532
    SQFT
  • $345
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1947
County:
Area:

School Ratings & Info

Description

The Loma Linda Apartments, in the up-and-coming Thai Town neighborhood of Los Angeles, is a 10-unit multi-family building built in 1947. The property is located at 5300 Loma Linda Avenue and is comprised of 1 Studio, 8 one-bed/one-bath units and 1 two-bed/one-bath unit across 7,532 gross square feet of improvements on 10,678 square feet of land. Utilities are separately metered for electricity and gas. Some of the units have been lightly updated by current ownership, with room for more growth. In addition, a new roof was installed about 10 years ago and new water heaters 5 years ago. The Loma Linda Apartments are an ideal investment opportunity for all renovation-oriented buyers. As the units turn, it will allow new ownership to immediately renovate, remodel and reposition the property to capture a higher-income tenant base and top-of-market rents. Located on the northeast edge of Hollywood, Thai Town neighborhood is a six-block area flanking Hollywood Blvd. between Normandie Ave. and Western Ave. Thai Town borders Los Feliz and East Hollywood. 5300 Loma Linda Ave. offers tenants immediate access to a broad selection of world class dining, entertainment, and shopping destinations easily accessible by walking or a short drive. Retailers within walking distance include Target, Chase Bank, Starbucks, Ralphs Supermarket and Petco. Within 0.5 miles of the property is the headquarters of Netflix, Sunset Bronson Studios, Emerson College and KTLA 5. The Loma Linda Apartments are less than 0.3 miles to the nearby Red Line Metro Station at the corner of Hollywood Blvd. and Western Ave. and the area is served by the Metro Rapid bus lines 757 & 780 and Metro Local bus lines 180, 181, 206, 207, & 217.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-07T13:42:52.11. 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.
www.deserthouseseekers.com/homes/123400235
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5300 Loma Linda Ave Los Angeles, CA 90027

  • Price: $2,600,000
  • Status: Active
  • On Site: 18 Days
  • Updated: 16 min ago
  • MLS #: 21-106539
10
Beds
0
Baths
0
½ Baths
0.25
Acres
7,532
SQFT
$345
$/SQFT
1947
Built
Neighborhood:
Hollywood
County:
Los Angeles
Area:
Hollywood
Property Description
The Loma Linda Apartments, in the up-and-coming Thai Town neighborhood of Los Angeles, is a 10-unit multi-family building built in 1947. The property is located at 5300 Loma Linda Avenue and is comprised of 1 Studio, 8 one-bed/one-bath units and 1 two-bed/one-bath unit across 7,532 gross square feet of improvements on 10,678 square feet of land. Utilities are separately metered for electricity and gas. Some of the units have been lightly updated by current ownership, with room for more growth. In addition, a new roof was installed about 10 years ago and new water heaters 5 years ago. The Loma Linda Apartments are an ideal investment opportunity for all renovation-oriented buyers. As the units turn, it will allow new ownership to immediately renovate, remodel and reposition the property to capture a higher-income tenant base and top-of-market rents. Located on the northeast edge of Hollywood, Thai Town neighborhood is a six-block area flanking Hollywood Blvd. between Normandie Ave. and Western Ave. Thai Town borders Los Feliz and East Hollywood. 5300 Loma Linda Ave. offers tenants immediate access to a broad selection of world class dining, entertainment, and shopping destinations easily accessible by walking or a short drive. Retailers within walking distance include Target, Chase Bank, Starbucks, Ralphs Supermarket and Petco. Within 0.5 miles of the property is the headquarters of Netflix, Sunset Bronson Studios, Emerson College and KTLA 5. The Loma Linda Apartments are less than 0.3 miles to the nearby Red Line Metro Station at the corner of Hollywood Blvd. and Western Ave. and the area is served by the Metro Rapid bus lines 757 & 780 and Metro Local bus lines 180, 181, 206, 207, & 217.
Exterior Features

Carport Spaces Total 0 Covered Parking 0 Direction Faces East Garage Structures Total 0 Lot Description Lot Shape-Rectangular Lot Location Corner Lot Lot Size Area 10678 Other Structures None Parking Garage Driveway Pool Description None Pool YN No Roof Composition Spa None Spa YN No Style Mid-Century Total Parking 9 View Description None View YN No Water Frontage None

Interior Features

Baths Total 10.00 Common Walls Detached/No Common Walls Cooling Window Unit(S) Equipment None Heating Wall Gas Laundry None

Property Features

Assessed Total Value 776114 Gross Income 137203 Gross Operating Income 70026 Like Units1 10 Net Operating Income 70026.00 Number Of Buildings 1 Number Of Units 10 Owner Pays WaterGardener Property Condition Repair Cosmetic Rent Control YN Yes Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Tenant Pays ElectricityGas Total Annual Expense 67178 Type Of Units Apartments Water Heaters YN Yes Year Built Source Assessor Zoning Lar3

Listing provided courtesy of Alexavier Shin DRE# of Iconic Investments.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-07T13:42:52.11. 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.
 
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