Active
5322 Loma Linda Avenue
Los Angeles CA, 90027
$4,849,000
$400.61 per sqft
Active
17 Beds
13 Baths
12,104 sqft
Residential
Built in 1940
Listed by Jonathan Taksa with Remax Commercial and Investment Realty 213-817-1000
$4,849,000 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).
24364577
MLSⓇ ID
March 4, 2024
Listed
April 17, 2024
Updated
Map
5322 Loma Linda Avenue
Los Angeles CA, 90027
Interior Features
Total Stories
1
Bedrooms
17
Total Bathrooms
13
Floor Description
Wood
Fireplace
Yes
Fireplace Description
None
Cooling
No
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.49 Acres
Other Property Details
Area Name
637 - Los Feliz
Days on Market
44
Garage
No
Parking
Assigned
Parking Total
12
View
No
County
Los Angeles
Pool
No
Zoning
LAR3
Buyer Agency Compensation
2%
Listing History
Date | Event | Price |
---|---|---|
4/17/2024 | Price Change | $4,849,000 -2% |
4/1/2024 | Price Change | $4,899,000 -2% |
Listing Contact: 213-817-1000
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 4/17/2024. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.
Data last updated on 4/17/2024 at 8:10 PM UTC