Search Results

5460 Sierra Vista

Home » All Multifamily Properties » 5460 Sierra Vista

Address: 5460 Sierra Vista Ave, Los Angeles, CA 90038, USA

California & West + Apartment Buildings

Created date: March 6, 2025

Date last updated: March 6, 2025

FIRST TIME ON MARKET IN 35+ YEARS: 5460 Sierra Vista has been owned by the same family since 1988.
HIGH ROI ON VALUE-ADD DOLLARS: By completing interior renovations commensurate with the renovated comparables in the submarket, rental income can be increased by approximately 31%.
NOTABLE RECENT IMPROVEMENTS COMPLETED: Current ownership has completed a full copper re-pipe (2017), full window replacement (2024), new exterior paint (2023), and new roof replacement (2022). Furthermore, 5460 Sierra Vista does NOT require seismic retrofitting.
ONE BLOCK FROM THE ECHELON STUDIOS DEVELOPMENT: 5460 Sierra Vista is within one block of the highly anticipated Echelon Studios developed which is expected to open in late 2026.
PROXIMITY TO NOTABLE EMPLOYMENT: Netflix, NBC Universal, Paramount/Skydance, and Warner Brothers Studios are all within a few minutes of 5460 Sierra Vista, making the Property an Ideal location for entertainment industry professionals.
HOLLYWOOD REMAINS WELL UNDER SUPPLIED & DEVELOPMENT PIPELINE IS DWINDLING: Looking forward, there is a sharp decline in the number of projects and units in development in Hollywood as absorption continues to remain positive – the average annual supply growth rate will drop to 0.47% over the next 3 years.
HIGH RATE OF RENTERSHIP IN HOLLYWOOD: Hollywood is projected to be a renter’s market for the foreseeable future with an 80% renter base and a 420% affordability gap to home ownership.

Property Description

Institutional Property Advisors (IPA), as the exclusive listing agent, is pleased to present the opportunity to acquire 5460 Sierra Vista (the “Property”), a 50-unit value-add opportunity located in the heart of Hollywood. Originally built in 1956, and owned by the same family for the past 35+ years, 5460 Sierra Vista offers investors compelling value-add potential by upgrading features such as appliances, countertops, cabinetry, and flooring. Post renovation, rental income can be increased by approximately 31%. 5460 Sierra Vista offers an exciting location just steps from the new Echelon Studios development in the heart of Hollywood. Major entertainment industry titans such as Netflix, NBC/ Universal, Warner Brothers, and Paramount/Skydance are within a 5-10 minute commute, 3 million total jobs across a diverse set of industries are accessible within 20-30 minutes given proximity to the 101-freeway, and retail located on Santa Monica Boulevard is one block away. Given the Property’s value-add potential, centralized Hollywood location, and favorable demand drivers, 5460 Sierra Vista is well positioned to deliver investors compelling returns and appreciation over the hold period. Portfolio Offering: This Property is being offered concurrently with 1832 Garfield Place. The Properties can be purchased individually or as a portfolio. Contact the listing agents to learn more.

Available

Request Information

Due Digilence Documents

Key Property Information

Listing Status:	Available
Property Types:	Apartment Buildings
Price:	$9,300,000
No. of Units:	50
Cap Rate:	5.00%
GRM /GIM:	10.44
Year Built:	1956
Building Size:	36,030 Sq ft
Lot Size:	19,745.00 Sq ft
No. of Stories:	3
APN:	5536-021-021
Zoning Code:	R3-1
Opportunity Zone:	No
Price per unit:	$186,000
Parking Spaces:	46