Active
5314 Loma Linda Ave
Los Angeles CA, 90027
$4,749,000
$392.35 per sqft
Active
17 Beds
13 Baths
12,104 sqft
Multi-family
Built in 1939
$4,749,000 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).
24-364565
MLSⓇ ID
March 4, 2024
Listed
September 13, 2024
Updated
Map
5314 Loma Linda Ave
Los Angeles CA, 90027
Interior Features
Total Stories
2
Bedrooms
17
Total Bathrooms
13
Appliances
None
Floor Description
Hardwood
Fireplace
No
Cooling
Yes
Cooling Description
Wall/Window
Heating
Yes
Heating Description
Wall
Exterior/Building Features
Lot Size
0.49 Acres
Other Property Details
Area Name
Los Feliz
Days on Market
101
Garage
No
Parking
Assigned
Parking Total
12
View
No
County
Los Angeles
Pool
No
Zoning
LAR3
Listed by Jonathan Taksa with Remax Commercial and Investment Realty
Listing Contact: 310-968-5303
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Peter Mac shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 9/13/2024