5314 Loma Linda Ave

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Address: 5314 Loma Linda Ave, Los Angeles, California, US
Created date: May 15, 2024
Date last updated: May 15, 2024

Property Description

$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 TOGETHER WITH PROPERTY NEXT DOOR LOCATED AT 5322 LOMA LINDA AVENUE (7 UNITS ON MLS).

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $4,849,000
No. of Units: 11
Year Built: 1939
Lot Size: 12,104.00 Sq ft
Opportunity Zone: No
Price per unit: $440,818
Property Website Click Here
Number of Bedrooms: 17
Number of Bathrooms: 0
Address: 5314 Loma Linda Ave, Los Angeles, CA 90027, USA
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