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5345 La Mirada Avenue, Los Angeles, CA 90029

$2,050,000 Approx. USD 12 beds, 12 baths
8,648 sqft

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 888-995-7575

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Listing Agent

Nicole Apostolos | nicole@investmentsla.com
Lic#: 01464936
Broker: Courtesy of Equity Union
Phone: 818-380-5294

Co Listing Agent

Dana Coronado | dana@incomepropertiesla.com
Lic#: 01746702
Broker: Courtesy of Compass
Phone: 310-562-9630

Agent Remarks

5345 La Mirada Avenue is a well-maintained 10-unit multifamily property located in East Hollywood. Built in 1965, the property totals approximately 8,648 SF of living space situated on a 7,500 SF LARD1.5-zoned lot. The three-story building offers a desirable unit mix of eight (8) 1-bed/1-bath units and two (2) two-bed/two-bath units. The spacious residences average approximately 600 SF for the one-bedrooms and 800 SF for the two-bedrooms, with many featuring hardwood flooring, wall A/C units, ceiling fans, ample storage, and attractive city views. Five units have been renovated in recent years with updated kitchens, bathrooms, and dual-pane windows. The two end units benefit from windows on three sides, providing exceptional natural light and panoramic views of Hollywood and Downtown Los Angeles. Offered at a 5.96% CAP Rate and 10.86 GRM on current rents, $205,000/unit and $237/SF! This property offers a stable and competitive return at current rents, and a significant upside as units turn over and pro forma rents are achieved. East Hollywood is a vibrant, centrally located Los Angeles neighborhood known for its rich cultural mix, anchored by Thai Town and Little Armenia, a strong local food scene, and a walkable, urban feel. It offers a blend of classic Craftsman homes, mid-century apartments, and newer multifamily development, with easy access to Hollywood, Los Feliz, Griffith Park, and major transit routes. Popular with renters, creatives, and investors alike, Melrose Hill continues to see steady demand. The median home sales price is approximately $900,000, though pricing varies widely by property type and location within the neighborhood.

Listing Details

Property type: (Multi-Family)

Status: Active Under Contract

MLS# 26907637

Price: $2,050,000

Beds: 12

Baths: 12

Built in 1965

8,648 sqft

0.17 acres

Lot size: 0.1722

County: Los Angeles

Zoning: LARD1.5

Parking description: Covered,Gated

Heating description: Wall Furnace

MLS area: C20 - Hollywood

Last Updated: 10/19/2026

Days On Market (DOM): 49

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This listing belongs to the C20 - Hollywood MLS area

Lat/Long: 34.094209, -118.306138.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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