Courtesy of: Alex Shin 02106720 | Keller Williams Downtown LA
Purchase Type: Sale
MLS ID: 21679116
Days On Market: 4
Year Build: 1947
Lot size: 0.246
Property Type: Residential Income
New Construction: No
Swimming Pool: No
Address: 5300 Loma Linda Avenue
County: Los Angeles
City: Los Angeles
Neighborhood: C20 - Hollywood
$400,000 PRICE REDUCTION. ALL OFFERS DUE FRIDAY 1/22/2021. Pride of Ownership Two-Story Garden Style apartment in an incredible location of East Hollywood, within walking distance to Los Feliz and 1 mile from the heart of Hollywood. Tremendous upside potential in this true value add opportunity in a market with strong rental demand from families and young professionals. 1 unit delivered VACANT at COE. Subject property sits on a LARGE corner lot over 10,500 SqFt. New roof approx. 5 years ago, separately metered for gas and electric, no soft story retrofit work required. There are 9 tandem parking spaces all secured by a gate. 5300 Loma Linda provides the new owner a special opportunity to bring this property to its fullest potential with some rehab work and command strong rents, being wedged between Hollywood to the West, Los Feliz to the East, Griffith Park to the north, and Hancock Park/Koreatown to the South. Income & Expenses are scheduled estimates. This will NOT last long!!
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