5717 La Mirada Avenue, Los Angeles, CA 90038

I am pleased to present 5717 La Mirada Avenue, a 9-unit investment opportunity located in the heart of Hollywood, California. The value-add apartment community features eight on-site parking spaces, with the soft-story retrofit for the building already completed, community laundry, and an excellent unit mix of four one-bedroom units, four two-bedroom/two-bathroom units and a studio unit. Four of the units also feature private balconies. The offering is listed over a 5% CAP rate, under 12 GRM, but also has significant upside in rents, with over 49% rental upside for the new ownership to capture through interior unit renovations as units turn.The subject property is situated a block south from the new Netflix corporate office on Sunset Boulevard, with many shops and restaurants withing walking distance. The property also boasts an attractive and high 88 “Very Walkable” Walk Score. Hollywood is one of the most coveted multifamily submarkets in Los Angeles, located nearby many trendy eateries and shops nearby the building but also in neighboring submarkets in Los Feliz, Silverlake and Echo Park. This neighborhood continues to grow at a rapid pace , with a large amount employment and transit options giving residents an easy commute throughout the city to prominent areas in Hollywood, Koreatown, and Downtown Los Angeles.