Roderick 'rick' Raymundo
This listing was posted on RealtyWW.
$2,890,000
Home For Sale In Los Angeles, California
Price:
$2,890,000
BR/BA:
10+ BR, 10+ BA
Location:
5700 La Mirada Ave, Los Angeles, CA
Description:
With four separate buildings spanning two parcels, the property occupies a total of 15, 090 land square feet on the corner of Wilton Place and La Mirada Avenue. The existing assets are available for an attractive 10.98 GRM with approximately 16% rent upside, in addition to potential future development possibilities adding flexibility to an investor's exit strategy. The large lot is zoned LAR3 and sits in a Tier 2 TOC area, while also holding ED1 eligibility. Located near Sunset Boulevard, the property provides tenants with convenient access to several Hollywood destinations as well as the rest of the Los Angeles metro, via the nearby 101 Freeway. The exclusive Hancock Park neighborhood is only a few blocks southwest, while Koreatown and the Hollywood Walk of Fame are both nearby as well. The new 14-story ICON office tower, primarily leased to Netflix, was recently completed at the nearby Sunset Bronson Studios, while additional new construction is scheduled for Sunset Gower Studios, just one mile from the property. There, a joint venture between Hudson Pacific Properties and The Blackstone Group will be expanding the studio and office space, adding 620, 000 square feet to the studio campus. The property is just north of Paramount Studios, the Hollywood Forever Cemetery, and Melrose Hill. The Melrose Hill neighborhood was recently named Los Angeles' Hottest Culinary Boom Town by Eater Los Angeles. Several exciting dining options have recently debuted in the immediate area, including Etra, Kuya Lord, Ggiata, Caf Telegrama, and Le Coupe. Tenants can look forward to even more culinary options in the near future, as Little Fish, Bar Etoile, and Holy Basil are slated to open as well.For more details: https://realtyww.info/homes_los-angeles-d523223/for-sale_i70524802
Property Type:
Single-Family Houses
Posted:
April 11 on RealtyWW
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More About this Listing: Home For Sale In Los Angeles, California
Home For Sale In Los Angeles, California is a 10+ BR 10 Bathroom, 10+ BA, 14 Bathroom Single-Family Homes for Sale at 5700 La Mirada Ave in Los Angeles CA. Find other listings like Home For Sale In Los Angeles, California and listings near 5700 La Mirada Ave by searching Oodle Classifieds for 10+ BR 10 Bathroom, 10+ BA, 14 Bathroom Single-Family Homes for Sale in Los Angeles CA.
Home For Sale In Los Angeles, California is a 10+ BR 10 Bathroom, 10+ BA, 14 Bathroom Single-Family Homes for Sale at 5700 La Mirada Ave in Los Angeles CA. Find other listings like Home For Sale In Los Angeles, California and listings near 5700 La Mirada Ave by searching Oodle Classifieds for 10+ BR 10 Bathroom, 10+ BA, 14 Bathroom Single-Family Homes for Sale in Los Angeles CA.