NOT LISTED FOR SALE

5722 La Mirada Ave Los Angeles, CA 90038

Hollywood Neighborhood
10 Beds
10 Baths
6,156 Sq Ft
7,499 Sq Ft Lot

Last Sold February 10, 2016

Last sale price $1,650,000 $268 Per Sq Ft

111 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Cooling System Mounted To A Wall/Window
  • STEM Academy at Bernstein High Rated A-
  • Balcony
  • 3-minute walk to Seily Rodriguez Park

About This Home

As of February 2016

BOM, 8 unit, pride of ownership apartment complex located in prime Hollywood area.THIS PROPERTY OFFERS A UNIQUE OPPORTUNITY FOR OWNER/USER TO OCCUPY A 2+2 COMPLETELY UPDATED, SPACIOUS OWNER'S UNIT, THAT OFFERS HARDWOOD FLOORS, UPDATED KITCHEN W/GRANITE COUNTER TOPS, FULLY UPDATED BATHS, CENTRAL A/C & HEATING SYSTEM, & INSIDE LAUNDRY HOOK UP. LIVING ROOM WITH SLIDING GLASS DOORS THAT LEAD TO OVERSIZED BALCONY. THE OWNERS UNIT INCLUDES ALL APPLIANCES, WASHER/DRYER, DISH WASHER, STOVE, & REFRIGERATOR.. This property is being sold as a package deal with 5716 La Mirada Ave consisting of 9 units (ASKING PRICE FOR BOTH 3.7 MILLION) . These two properties sit side by side and offer a great unit mix. All units are separately metered for gas & electricity. Both buildings combined offer a total of 17 units. Both buildings offer Copper plumbing on the horizontal lines, & original on the risers (vertical). All units in both buildings have new toilets. Windows in both buildings also have been updated. Water heater in this building is approx. 2 years old. Second floor units in this building offer balconies. 10 parking spaces, plus storage space. COMBINED CAP RATE 4.27, GRM 15.82.

Last Agent to Sell the Property

Anna Ambarian

Keller Williams Real Estate Services License #01040774 Listed on: 07/25/2015

Keller Williams Real Estate Services

Last Buyer's Agent

Eliza Kerndian

Keller Williams Beverly Hills License #01398836

Keller Williams Beverly Hills

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 7,499 Sq Ft Lot
  • No Common Walls

Parking

  • 10 Car Garage
  • Parking Available
  • Auto Driveway Gate
  • Uncovered Parking
  • Parking Lot

Home Design

  • Copper Plumbing

Interior Spaces

  • 6,156 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 10 Bathrooms

Outdoor Features

  • Balcony
  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Tax Lot 125
  • Tax Tract Number 9436
  • Assessor Parcel Number 5536005017

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Amenities

  • Laundry Facilities

Building Details

  • 7 Leased Units
  • Rent Control
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • Gardener Expense $420
  • Insurance Expense $2,586
  • Pest Control $510
  • Trash Expense $1,010
  • Water Sewer Expense $4,200
  • New Taxes Expense $21,875
  • Gross Income $9,573
  • Net Operating Income $82,469

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Parking

10

Listing Details

  • CapRate: 5.00
  • Other Phone Description: 818-331-3621
  • Other Phone Number: 818-432-3271
  • Price Per Unit: 218750
  • Property Attached: No
  • Water Sewer Expenses: 4200.00
  • Property Type: Residential Income
  • Gardener Expense: 420.00
  • Parcel Number: 5536005017
  • Year Built: 1962
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Balcony, Copper Plumbing Full
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Laminate, Carpet, Vinyl, Wood
  • Levels: Two
  • Price Per Square Foot: 268.03

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 10.00
  • Parking: Yes
  • Parking Features: Auto Driveway Gate, Covered, Parking Space, Uncovered
  • Total Parking Spaces: 20.00

Utilities

  • Utilities: Sewer Available
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Pest Control Expense: 510.00
  • Trash Expense: 1010.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 7499.00
  • Price Per Lot Square Foot: 220.03
  • Lot Size Acres: 0.1720

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 9573.00
  • Gross Multiplier: 14.07
  • Gross Scheduled Income: 114876.00
  • Insurance Expense: 2586.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 7499.0000 Square Feet
  • Net Operating Income: 82469.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Units Leased: 7
  • Number Of Units Total: 8
  • Number Wall A C: 7
  • Operating Expense: 34807.00
  • Rent Control: Yes
  • Total Actual Rent: 9573.00

Tax Info

  • New Taxes Expense: 21875.00
  • Tax Lot: 125
  • Tax Tract Number: 09436

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/10/2016 02/10/16 Sold $1,650,000 -5.7% $268 / Sq Ft
11/13/2015 11/13/15 Pending -- -- --
07/25/2015 07/25/15 For Sale $1,750,000 -- $284 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Anna Ambarian

    Seller's Agent in 2016

    Anna Ambarian

    Keller Williams Real Estate Services

    (818) 331-3621

    33 Total Sales

    Section Image
  • Eliza Kerndian

    Buyer's Agent in 2016

    Eliza Kerndian

    Keller Williams Beverly Hills

    (310) 482-2500

    3 in this area

    31 Total Sales

    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB15163374

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Los Angeles 90038 Hollywood

5722 La Mirada Ave, Los Angeles, CA

This home is located at 5722 La Mirada Ave, Los Angeles, CA 90038 since 25 July 2015. This property was built in 1962. 5722 La Mirada Ave is a home located in Los Angeles County with nearby schools including Joseph Le Conte Middle School, STEM Academy at Bernstein High, and Helen Bernstein High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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

Nearby Homes