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5830 La Mirada Ave
5830 La Mirada Ave, Los Angeles, CA 90038, USA
$1,475,000
CLOSED
May 31, 2026
SALE PRICE
$1,475,000
UNITS
10
PRICE PER UNIT
$147,500
PRICE PER SF
$176.58
CAP RATE
7.15%
GRM
8.81
Deal Story
Selling Agent
The Tuvia Group closed the $1.475 million sale of 5830 La Mirada Ave, a multifamily property in Hollywood, to a buyer completing a 1031 exchange out of a single-tenant NNN property. The buyer targeted multifamily for greater cash flow, appreciation, and value-add potential. Despite challenges including difficult tenancy, no on-site parking, and the need for major plumbing, roofing, and other system upgrades, the property generated multiple offers and successfully closed, demonstrating demand for well-positioned value-add opportunities.
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