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5322 Loma Linda Ave, Los Angeles, CA 90027
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5322 Loma Linda Ave Los Angeles, CA 90027

$4,849,000
  • 17 Beds
  • 13 Baths
  • 12,104 Sq.Ft.
For Sale
$4,849,000 Get Pre-Qualified
Map preview of 5322 Loma Linda Ave, Los Angeles, CA 90027

Property Overview: 5322 Loma Linda Ave Los Angeles, CA has 17 bedrooms, 13 bathrooms, 12,104 living square feet and 21,357 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: $4,849,000 is the combined price for BOTH properties. We are pleased to offer for sale incredible multifamily assets located at 5314 and 5322 Loma Linda Avenue in the beautiful enclave of Los Feliz. Originally built in 1939 and 1940, the side by side French Normandy properties exemplify the character and charm of 1930's and early 1940's LA. The properties, each with their own APN, consist of very large 1, 2 and 3 bedroom units each offering a terrific spacious floor plan flooded with natural light. Beautifully set around a meticulously landscaped central courtyard, the buildings offer the astute investor with a quintessential value-add opportunity. Apartments feature beautiful hardwood floors, crown moldings, vintage tile work, and outdoor patio space (select units). As current rents hover around $2.31/SF, there is significant rental upside through a comprehensive renovation program as units turn. Additionally, there is ample on-site parking with no soft story retrofit required (Buyer to verify).5314 and 5322 Loma Linda Avenue are trophy assets in an undeniably attractive location that will surely pay long-term dividends to a savvy investor. This rare offering presents an astute investor with the unique opportunity to capitalize on higher market rents and to acquire a premier turnkey asset in one of the best rental locations in all of Los Angeles. MUST BE PURCHASED WITH ADJACENT PROPERTY LOCATED AT 5314 LOMA LINDA AVE (4 UNITS).

Listed by Jonathan Taksa | BRE #01366169 | Remax Commercial and Investment Realty
Last checked: 14 minutes ago | Last updated: April 17th, 2024 | Source CRMLS | DOM: 56
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Home details

Lot Sq. Ft
21,357
HOA Dues
$0/mo
Year built
1940
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24364577
City
Los Angeles
County
Los Angeles
Time on Site
59 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 11
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,827
  • Total Rent: $2,827
  • Pro Forma/Market Rent: $3,995
Unit Breakdown 2
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,805
  • Total Rent: $5,415
  • Pro Forma/Market Rent: $9,585
Unit Breakdown 3
  • # of Units: 6
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,329
  • Total Rent: $13,971
  • Pro Forma/Market Rent: $17,370
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,672
  • Total Rent: $3,672
  • Pro Forma/Market Rent: $3,695
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 15.49
  • Gross Scheduled Income: --
  • Net Operating Income: $183,902
  • Gross Operating Income: $312,972
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 5322 Loma Linda Ave

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Property Details for 5322 Loma Linda Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Wood
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: One
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 12
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 11
  • Parcel Number: 5544009005
  • Year Built Source: Assessor
  • Has Additional Parcels
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: South of Hollywood Blvd.
View more facts & features

Local Los Angeles Agent

Sale History for 5322 Loma Linda Ave

Last sold for $4,490,000 on September 11th, 2018

  • March, 2024

  • Mar 4, 2024

    Date

    Active

    CRMLS: 24364577

    $4,949,000

    Price

  • September, 2018

  • Sep 12, 2018

    Date

    Sold

    CRMLS: SB18151985

    $2,450,000

    Price

  • Aug 28, 2018

    Date

    Pending

    CRMLS: SB18151985

    $2,575,000

    Price

  • Jul 3, 2018

    Date

    Active Under Contract

    CRMLS: SB18151985

    $2,575,000

    Price

  • Jun 26, 2018

    Date

    Active

    CRMLS: SB18151985

    $2,575,000

    Price

  • Listing provided courtesy of CRMLS

    Take a step back into the Hollywood heyday with this charming French Normandy apartment built in 1940. A massive front yard boasts blankets of green grass and manicured landscaping inviting you into the enchanting courtyard entrance. Inside you will find each unit has been meticulously maintained, complete with gleaming hardwood floors, crown moldings, chandeliers and much of the original 1940’s tile work. Most units feature outdoor patio space as well. This property features six 1 bedroom, 1 bath units and one 3 bedroom, 2 bath owners unit. This property also features a separate laundry room, and 7 parking spaces in enclosed garages. Can be sold individually or collectively with 5314 Loma Linda Ave MLS #SB18151937.

  • September, 2018

  • Sep 11, 2018

    Date

    Sold (Public Records)

    Public Records

    $4,490,000

    Price

  • September, 2018

  • Sep 11, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 5322 Loma Linda Ave

Assessed Value (2020): $2,499,145
Year Land Value Improved Value Assessed Value
2020 $1,499,400 $999,745 $2,499,145

Home Value Compared to the Market

This property vs the competition

5322 Loma Linda Ave is listed 295.84% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $400.61 per/sqft which puts the price per square foot 48.24% lower than the median price per square foot for the city of Los Angeles.

About 5322 Loma Linda Ave

Detailed summary of property

5322 Loma Linda Ave is a multi family located in Los Angeles, CA 90027 and is currently for sale. This multi family property offers 17 bedrooms, 13 bathrooms, roughly 12,104 living square feet, and sits on an approximately 21,357 square foot lot. 5322 Loma Linda Ave was first listed on ArdentRealEstateGroup.com on March 4, 2024. The homeowner is currently asking $4,849,000 and was originally asking $4,949,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 295.84% higher than the median priced home. Local competing homes currently for sale include 1042 Wilcox Ave, 204 N Manhattan Pl and 1908 Hillcrest Rd. While the average home in Los Angeles, CA is selling in 96 days, 5322 Loma Linda Ave has a days on market of 56 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 5322 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 5322 Loma Linda Ave

Public county record property details
Beds
9
Baths
8
Year built
1940
Sq. Ft.
6,964
Lot Size
10,679
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
5
APN
5544-009-005

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
$2,450,000
Median List Price/Sq.Ft.
$989
Median Sold Price
$1,900,000
Median Sold Price/Sq.Ft.
$885
Total Inventory
83
Median Sale to List Price %
102.7%
Avg Days on Market
24
Loan Type
Conventional (12.5%), FHA (0%), VA (0%), Cash (12.5%), Other (0%)

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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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