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5652 La Mirada Avenue, Los Angeles, California 90038, Los Angeles, 90038 - bed, bath

5652 La Mirada Avenue, Los Angeles, California 90038 home-pic-0
ACTIVE$8,500,000
5652 La Mirada Avenue, Los Angeles, California 90038
0Bed
0Bath
9,424Sqft
7,502Lot
Year Built
2025
Close
-
List price
$8.5M
Original List price
$8.5M
Price/Sqft
$902
HOA
-
Days on market
-
Sold On
-
MLS number
OC25092934
Home ConditionExcellent
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $8.50M(83th), sqft - 9424(83th), beds - undefined(50th), baths - undefined(50th).

Brand new construction, this beautiful apartment is located in the center of Hollywood. Close to many big companies like Netflix, Sunset Bronson Studios, high school and middle schools, etc. It surrounded by Home Depot, Restaurants, markets, church, and many more entertainment venues. All private bedrooms come with private bathrooms. Each floor has washers and dryers, large living area and shared Kitchen are equipped with all brand new appliances and furnitures. At the asking price, the property is being offered at $265,000 per bed with a projected 6% CAP rate and 14 GIM upon stabilization. Seller will be doing a 1031 exchange. Seller and broker's agent are not guarantee the square footage, bedroom/bathroom count, lot size or lot dimensions. It is Buyer's sole responsibility to perform investigations and satisfy themselves.

Price History

Date
Event
Price
10/26/20
Sold
$1,170,000
01/19/01
Sold
$175,000
Condition Rating
Excellent
This property is brand new construction, built in 2025, as explicitly stated in the listing and confirmed by the pristine condition shown in the images. The kitchen features all new stainless steel appliances, modern white cabinetry, and subway tile backsplash. Bathrooms are equally modern with new vanities, vessel sinks, contemporary fixtures, and tiled showers. All flooring, lighting, and finishes throughout the property are new and meet current quality standards, indicating no deferred maintenance or physical depreciation.
Pros & Cons

Pros

Brand New Construction: Built in 2025, this property offers brand new construction, ensuring modern standards, minimal immediate maintenance, and appeal to tenants.
Prime Hollywood Location: Strategically located in the center of Hollywood, close to major employers like Netflix and Sunset Bronson Studios, as well as schools and entertainment venues.
Optimized for Rental Income: Designed for co-living or multi-unit rental, featuring private bedrooms with private bathrooms and shared common areas, appealing to a high-demand tenant base.
Strong Investment Potential: The property boasts attractive financial projections with a 6% CAP rate and 14 GIM upon stabilization, indicating solid income-generating capacity.
Modern Amenities & Furnishings: Equipped with all brand new appliances and furniture in shared kitchens and living areas, plus convenient in-floor washers and dryers.

Cons

Buyer Due Diligence Burden: The seller and agent explicitly disclaim guarantees on square footage, bedroom/bathroom count, and lot size, placing full responsibility for verification on the buyer.
Unconventional Property Classification/Pricing: Listed as a 'Duplex' but configured for co-living with 'private bedrooms' and priced 'per bed,' which may complicate traditional valuation and financing.
Projected vs. Immediate Returns: The attractive CAP rate and GIM are 'projected upon stabilization,' implying that these returns are not immediate and carry a degree of market and operational risk.

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