John E Burge

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5621 La Mirada AvenueLos Angeles, CA 90038

Multi-Family · 13,635 Sq. ft. | 0.17 Acres
$1,870,000 Active

5621 La Mirada Avenue Overview

Time on Site:
231 days
Visits:
0

RTI ready! This Hollywood project offers an excellent investment opportunity in a high-demand rental market. Situated in the heart of Hollywood, close to major job centers, schools, and public transportation. With a modern co-living design, 45 private bedrooms, each with ensuite bathrooms—ideal for young professionals or transitional housing program. Walking distance to Netflix headquarter and near the Walk of Fame, TCL Chinese Theatre, Hollywood Bowl, Sunset Boulevard &Hollywood Nightlife , Downtown Los Angeles, and everything else Los Angeles has to offer. This is a great opportunity for housing groups specializing in student housing, young professionals entering the workforce, corporate housing, healthcare assisted living, transition and affordable housing. Tenants will enjoy all the benefits of modern living in a prime area of Hollywood near the 110 Fwy. It has a strong rental income potential, the project is positioned to generate significant returns for investors through both rental revenue and appreciation upon sale. This Hollywood Project represents a rare opportunity to invest in a new, fully entitled, high-density residential building designed for long-term rental income or resale. With a proven co-living business model, low vacancy risk, and prime Los Angeles location, this project offers investors stable cash flow and significant upside potential.

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5621 La Mirada Avenue Facts & Features

  • Type Multi-Family
  • Sq. ft. 13,635
  • Price/Sq.ft. $137
  • Lot 0.17 Acres

Details

General

Association/HOA

  • Association: No
  • Common Interest: None

Income/Expenses

  • Gross Income: 900000.0
  • Gross Scheduled Income: 900000.0
  • Net Operating Income: 810000.0
  • Operating Expense: 90000.0

Building Information

  • New Construction: No
  • Year Built: 1920

Location/Region

  • Country: US
  • County Or Parish: Los Angeles
  • MLS Area Major: C20 - Hollywood
  • Postal City: LOS ANGELES

Community/Development

  • Community Features: Biking

Rent/Lease Information

  • Land Lease: Yes

General Information

  • Listing Terms: Cash,Cash to Existing Loan,Cash to New Loan,Cal Vet Loan,Item1031Exchange
  • Parcel Number: 5536002012
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Rent Control: No
  • Senior Community: No
  • Special Listing Conditions: Standard
  • Zoning: LAR3

Interior

Parking Information

  • Garage: No

Building Interior

  • Building Area Total: 13635.0
  • Building Area Units: Square Feet

General Information

  • Common Walls: No Common Walls
  • Entry Level: 1
  • Entry Location: 1
  • Fireplace Features: See Remarks
  • Fireplace: Yes
  • Interior Features: All Bedrooms Down
  • Laundry Features: Gas Dryer Hookup
  • Levels: One
  • Stories: 1
  • Stories Total: 4

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Features: Back Yard
  • Lot Size Acres: 0.172
  • Lot Size Area: 7494.0
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 7494.0
  • Lot Size Units: Square Feet
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

    Building Exterior/Construction

    • Property Attached: No

    General Information

    • Number Of Units Total: 1
    • Pool Features: None
    • Pool Private: No
    • Sewer: Private Sewer

    5621 La Mirada Avenue Neighborhood

    Community

    90038 (LOS ANGELES) Demographics

    34
    Median Age
    18,237
    Population Density (per sq. mile)
    40%
    College Educated
    $48,786
    Estimated Median Income
    1,034
    Estimated Total Home Owners
    11,614
    Estimated Total Renters
    8% / 92%
    Estimated Owner / Renter Divide
    2
    Estimated Average Household Size
    Community data courtesy of LiveBy, Inc.

    Schools

    School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

    5621 La Mirada Avenue Monthly Cost

    $
    $ %
    %
    $
    $
    * All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

    5621 La Mirada Avenue Market Data

    Based on the last 30 days in this zip code

    $1,363,950
    Average List Price
    $784
    Average Price per Square Foot
    10
    Properties Sold
    115
    Average Days on Market
    145
    Properties for Sale
    Calculations provided by Reliance Network

    5621 La Mirada Avenue History

    Date Event Value Agent
    11/11/2025Source: CRMLS Added to Database
    November 11, 2025
    10/24/2022Source: CRMLS Added to Database
    October 24, 2022
    Listing provided courtesy of Pinnacle Real Estate GroupZhu Liu- MLS# OC25257943MLS ProviderContact Information: [email protected] - 626-888-9808
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