5300 Loma Linda Avenue
5300 Loma Linda Avenue Los Angeles, California 90027 United States

$2,600,000
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The Loma Linda Apartments, in the up-and-coming Thai Town neighborhood of Los Angeles, is a 10-unit multi-family building built in 1947. The property is located at 5300 Loma Linda Avenue and is comprised of 1 Studio, 8 one-bed/one-bath units and...

Iconic Investments

Listing Courtesy of Iconic Investments
$2,600,000
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.25 Acres
Exterior
Residential Income
Property type
1947
Year Built
21106539
Web Id
21106539
MLS ID
Los Angeles Unified
School District
49
days ago

About 5300 Loma Linda Avenue

The Loma Linda Apartments, in the up-and-coming Thai Town neighborhood of Los Angeles, is a 10-unit multi-family building built in 1947. The property is located at 5300 Loma Linda Avenue and is comprised of 1 Studio, 8 one-bed/one-bath units and 1 two-bed/one-bath unit across 7,532 gross square feet of improvements on 10,678 square feet of land. Utilities are separately metered for electricity and gas. Some of the units have been lightly updated by current ownership, with room for more growth. In addition, a new roof was installed about 10 years ago and new water heaters 5 years ago. The Loma Linda Apartments are an ideal investment opportunity for all renovation-oriented buyers. As the units turn, it will allow new ownership to immediately renovate, remodel and reposition the property to capture a higher-income tenant base and top-of-market rents. Located on the northeast edge of Hollywood, Thai Town neighborhood is a six-block area flanking Hollywood Blvd. between Normandie Ave. and Western Ave. Thai Town borders Los Feliz and East Hollywood. 5300 Loma Linda Ave. offers tenants immediate access to a broad selection of world class dining, entertainment, and shopping destinations easily accessible by walking or a short drive. Retailers within walking distance include Target, Chase Bank, Starbucks, Ralphs Supermarket and Petco. Within 0.5 miles of the property is the headquarters of Netflix, Sunset Bronson Studios, Emerson College and KTLA 5. The Loma Linda Apartments are less than 0.3 miles to the nearby Red Line Metro Station at the corner of Hollywood Blvd. and Western Ave. and the area is served by the Metro Rapid bus lines 757 & 780 and Metro Local bus lines 180, 181, 206, 207, & 217.

Listing Courtesy of Alexavier Shin, Iconic Investments, 02106720, Adam Zunder, Iconic Investments, 01821053, Active

features

Parking
Driveway

PROPERTY INFORMATION

Parking Description
Driveway

EXTERIOR

Lot Description
Rectangular Lot

ADDITIONAL INFORMATION

Number of Units
10

5300 Loma Linda Avenue, Los Angeles, California 90027 United States is a Residential Income for Sale for $2,600,000. Was built in 1947,  on a lot of .25 Acres ( m2) and it's composed from .


Listing Courtesy of Iconic Investments

Iconic Investments

Listing Courtesy of Iconic Investments
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Based on information from CRISNet MLS as of at the data was obtained. 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.