I am pleased to present the opportunity to acquire 5622 La Mirada Avenue, a nine-unit multifamily building in prime Hollywood. As one of Los Angeles densely populated neighborhoods, this submarkets popularity has grown significantly over the recent years, with a vibrant and lively nightlife scene and trendy retail and coffee shops in the immediate area. With new ground-up development in the gentrifying area, Hollywood has been catering to young professionals, and hipsters alike in recent years. La Mirada Avenue is considered a Walkers Paradise with an 89 Walk Score and is situated a short distance from highly desirable dining and entertaining options. Current ownership has renovated approximately 67% of the units at the property with high-end finishes including new countertops, in-unit washer/dryers, new laminate flooring, and new stainless-steel appliances. The property offers investors a unique opportunity to acquire a well-maintained asset with stable operating history and remaining rental upside.
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