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5345 La Mirada Ave
Los Angeles, CA 90029 Little Armenia

$2,050,000 USD

Apartments For Sale • 8,648 SF

Property Details

Property Type Apartments
Total Building Size 8,648 SF
Lot Size 0.17 AC
Building Class C
Year Built 1965
Cap Rate 5.96 %
Zoning LARD1.5-1XL

70 Transit Score

80 Walk Score

                
                    Highlights
                
                                First time on the market in 26 years! Professionally managed
                            
                                Offered at a 5.96% CAP Rate and 10.86 GRM on current rents, $205,000/unit and $237/SF!
                            
                                5 Units feature updated kitchens, bathrooms, and dual-pane windows. 60% copper plumbing
                            
                                Many units offer laminate flooring, wall A/C units, ceiling fans, ample storage, and city views
                            
                                Soft-story seismic retrofit completed in 2019
                            
                                2 Bonus Storage Rooms: larger storage room might have ADU potential, the smaller room houses the electrical meters

Financial Summary (Actual)

Net Operating Income: $122,093 USD (2025)

Cap Rate:	5.96 %
Total Expenses:	$60,986 USD

Amenities

Air Conditioning
Heating
Security System
Ceiling Fans
Hardwood Floors
Views
Double Pane Windows

Public Transportation

Commuter Rail	Drive	Walk	Distance
Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	11 min	-	4.5 mi
	11 min	-	4.5 mi
Transit/Subway	Drive	Walk	Distance
Hollywood/Western Station (Red Line - Los Angeles County Metropolitan Transportation Authority (Metro))	2 min	14 min	0.7 mi
Airport	Drive	Walk	Distance
Bob Hope	17 min	-	9.9 mi
Los Angeles International	27 min	-	14.3 mi
Long Beach (Daugherty Field)	38 min	-	27.8 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	7
Type:	Surface
Included in Rent:	Yes

Dana Coronado 310-562-9630 Compass Commercial - Sherman Oaks

5345 La Mirada Ave Los Angeles, CA 90029 Little Armenia