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5300 Loma Linda Ave, Los Angeles, CA 90027
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5300 Loma Linda Ave Los Angeles, CA 90027

$2,600,000 Sold Price as of 04/27/2022
  • 10 Beds
  • 10 Baths
  • 7,532 Sq.Ft.
Sold
$2,600,000 Sold Price as of 04/27/2022 Refinance Your Mortgage
Map preview of 5300 Loma Linda Ave, Los Angeles, CA 90027

Property Overview: 5300 Loma Linda Ave Los Angeles, CA has 10 bedrooms, 10 bathrooms, 7,532 living square feet and 10,678 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The Loma Linda Apartments, in the up-and-coming Thai Town neighborhood of Los Angeles, is a 10-unit multi-family building built in 1947. The property is located at 5300 Loma Linda Avenue and is comprised of 1 Studio, 8 one-bed/one-bath units and 1 two-bed/one-bath unit across 7,532 gross square feet of improvements on 10,678 square feet of land. Utilities are separately metered for electricity and gas. Some of the units have been lightly updated by current ownership, with room for more growth. In addition, a new roof was installed about 10 years ago and new water heaters 5 years ago. The Loma Linda Apartments are an ideal investment opportunity for all renovation-oriented buyers. As the units turn, it will allow new ownership to immediately renovate, remodel and reposition the property to capture a higher-income tenant base and top-of-market rents. Located on the northeast edge of Hollywood, Thai Town neighborhood is a six-block area flanking Hollywood Blvd. between Normandie Ave. and Western Ave. Thai Town borders Los Feliz and East Hollywood. 5300 Loma Linda Ave. offers tenants immediate access to a broad selection of world class dining, entertainment, and shopping destinations easily accessible by walking or a short drive. Retailers within walking distance include Target, Chase Bank, Starbucks, Ralphs Supermarket and Petco. Within 0.5 miles of the property is the headquarters of Netflix, Sunset Bronson Studios, Emerson College and KTLA 5. The Loma Linda Apartments are less than 0.3 miles to the nearby Red Line Metro Station at the corner of Hollywood Blvd. and Western Ave. and the area is served by the Metro Rapid bus lines 757 & 780 and Metro Local bus lines 180, 181, 206, 207, & 217.

Listed by Alexavier Shin | BRE #02106720 | Iconic Investments
Co-listed by Adam Zunder | BRE #01821053 | Iconic Investments
Last checked: 1 minute ago | Last updated: May 2nd, 2022 | Source CRMLS | DOM: 57

Home details

Lot Sq. Ft
10,678
HOA Dues
$0/mo
Year built
1947
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21106539
City
Los Angeles
County
Los Angeles
Time on Site
901 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 10
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,175
  • Total Rent: $11,746
  • Pro Forma/Market Rent: $20,350
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 18.45
  • Gross Scheduled Income: --
  • Net Operating Income: $70,026
  • Gross Operating Income: $70,026
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 5300 Loma Linda Ave

Interior Features
Laundry Information
  • No Laundry
  • None
Exterior Features
Exterior Information
  • Roof: Composition
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 9
  • Has Parking
  • Parking Features: Driveway
Lot Information
  • Lot Features: Rectangular Lot
  • Lot Size Source: Assessor
Property Information
  • No View
  • View: None
  • Total # of Units: 10
  • Parcel Number: 5544009008
  • Architectural Style: Mid Century Modern
  • Property Condition: Repairs Cosmetic
Location / Neighborhood
Location Information
  • Directions: Hollywood Blvd, north on N Harvard Blvd. Building is on the left at the corner of Loma Linda Ave and N Harvard Blvd.
View more facts & features

Local Los Angeles Agent

Sale History for 5300 Loma Linda Ave

Last sold for $2,600,000 on April 27th, 2022

  • April, 2022

  • Apr 27, 2022

    Date

    Sold

    CRMLS: 21106539

    $2,600,000

    Price

  • Oct 17, 2021

    Date

    Active

    CRMLS: 21106539

    $2,600,000

    Price

  • August, 2021

  • Aug 5, 2021

    Date

    Active

    CRMLS: WS21171800

    $2,900,000

    Price

  • Listing provided courtesy of CRMLS

    10 Unit Apartment building complex near the Metro at Hollywood and Western Blvd. Located on a beautiful wide street walking distance to Griffith Park. Great Investment in the ever improving Hollywood area.

  • June, 2021

  • Jun 13, 2021

    Date

    Expired

    CRMLS: 21679116

    $3,070,000

    Price

  • Mar 30, 2021

    Date

    Price Change

    CRMLS: 21679116

    $3,070,000

    Price

  • Feb 9, 2021

    Date

    Price Change

    CRMLS: 21679116

    $3,000,000

    Price

  • Jan 12, 2021

    Date

    Active

    CRMLS: 21679116

    $2,995,000

    Price

  • Listing provided courtesy of CRMLS

    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!!

  • February, 2021

  • Feb 12, 2021

    Date

    Expired

    CRMLS: 20658974

    $3,395,000

    Price

  • Jan 18, 2021

    Date

    Withdrawn

    CRMLS: 20658974

    $3,395,000

    Price

  • Nov 12, 2020

    Date

    Active

    CRMLS: 20658974

    $3,395,000

    Price

  • Listing provided courtesy of CRMLS

    Alex Shin, along with KW Commercial DTLA, is honored to present a VALUE ADD opportunity 10-unit Garden-Style apartment complex located in East Hollywood/Thai Town adjacent to Los Feliz. Pride of ownership building with one of the largest lots in the neighborhood. 1 Unit delivered VACANT at COE. The new Buyer has the chance to stabilize building capturing significant increase in rents as units turn. Rents below market, new roof 5 years ago, separately metered for gas and electric, no soft story retrofit work required, and remodeled units are renting for top dollar. 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 will 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.

  • December, 2017

  • Dec 20, 2017

    Date

    Canceled

    CRMLS: 17221352

    $4,500,000

    Price

  • Apr 15, 2017

    Date

    Active

    CRMLS: 17221352

    $4,500,000

    Price

  • Listing provided courtesy of CRMLS

    We are pleased to present the opportunity to acquire a double-parceled 10 unit apartment building zoned LAR3, with parking for 9 of 10 apartments. Each unit has a kitchen egress door to a common rear porch area, classic Hollywood crown molding and much more character throughout, individual water heaters and separately metered for gas and electric, a truly low cost to maintain operation. Roof 4-5 years old. Under managed for 15 years, great opportunity for an add-value minded investor that can give this property the right TLC.Gross Monthly Income $10,600.

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Tax History for 5300 Loma Linda Ave

Assessed Value (2020): $777,164
Year Land Value Improved Value Assessed Value
2020 $320,145 $457,019 $777,164

Home Value Compared to the Market

This property vs the competition

5300 Loma Linda Ave sold on April 27, 2022 for 118.49% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $345.19 per/sqft which puts the price per square foot 54.28% lower than the current median sale per square foot for the city of Los Angeles.

About 5300 Loma Linda Ave

Detailed summary of property

5300 Loma Linda Ave is a multi family that recently sold in Los Angeles, CA 90027. This multi family property offered 10 bedrooms, 10 bathrooms, roughly 7,532 living square feet, and sits on an approximately 10,678 square foot lot. 5300 Loma Linda Ave was first listed on ArdentRealEstateGroup.com on November 19, 2021. The homeowner sold the property for $2,600,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 118.49% higher than the current median priced home. Local homes that are currently for sale include 1137 N Madison Ave, 1140 N Beachwood Dr and 4412 Finley Ave. While the average home in Los Angeles, CA is selling in 94 days, 5300 Loma Linda Ave has a days on market of 57 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 5300 Loma Linda Ave Los Angeles, CA 90027 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 5300 Loma Linda Ave

Public county record property details
Beds
10
Baths
10
Year built
1947
Sq. Ft.
7,532
Lot Size
10,677
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
8
APN
5544-009-008

The source for these homes facts are from public records.

90027 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,399,000
Median List Price/Sq.Ft.
$932
Median Sold Price
$1,785,930
Median Sold Price/Sq.Ft.
$941
Total Inventory
84
Median Sale to List Price %
99.49%
Avg Days on Market
28
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (15.38%), Other (7.69%)

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Recently Sold Homes Near 5300 Loma Linda Ave

1801 N Harvard Blvd, Los Angeles, CA 90027
$2,085,000 Last Sold Price
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8 Baths
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1801 N Harvard Blvd
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5358 Loma Linda Ave, Los Angeles, CA 90027
$3,775,000 Last Sold Price
98 Beds
91 Baths
10760 Sq.Ft.
5358 Loma Linda Ave
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1804 N Serrano Ave, Los Angeles, CA 90027
$2,380,000 Last Sold Price
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1641 N Hobart Blvd, Los Angeles, CA 90027
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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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