1322 5th Ave is a 6-unit multifamily property located in the heart of Mid-City Los Angeles. Built in 1925, the property spans approximately 3,922 square feet of building area on a 5,939-square-foot lot. The unit mix includes a blend of one studio, 1-bedroom, and 2-bedroom units, catering to strong renter demand in this well-established neighborhood.<\/p>\n
Ideally situated in Mid City\u2014a historic, centrally located neighborhood known for its tree-lined streets and architectural charm\u2014the property enjoys proximity to Koreatown, Mid-City, and Downtown LA. Residents benefit from nearby transit options and cultural landmarks, including the Metro B and D lines, major freeways (10, 110, and 101), LACMA, and Crypto.com Arena. The area’s strong community feel, nearby parks, and transit connectivity make it highly attractive to families and professionals alike. <\/p>\n
Tenants are drawn to this property for its prime location and convenience. With a total of 3 tandem parking spots and fenced property with secure access. The easy access to a wide range of entertainment and dining options in nearby neighborhoods like Koreatown, Larchmont Village, Miracle Mile, and Downtown LA, residents are never far from the action. <\/p>\n
For investors, 1322 5th Ave offers significant upside. The property is currently master-metered with an approximate 44% expense ratio. However, based on the existing leases, 50% of the tenants are already responsible for paying their own utilities. With roughly 19% rental upside and full utility pass-through implemented, the proforma cap rate improves to approximately 9.66%. Another value-add opportunity would be converting the existing six-unit layout into four larger units through renovations. Overall, the asset presents a unique value-add opportunity for an investor looking to improve operations and increase long-term returns.<\/p>\n","protected":false},"excerpt":{"rendered":"1322 5th Ave is a 6-unit multifamily property located in...","protected":false},"author":0,"featured_media":0,"template":"","es_locations":[],"es_categories":[],"es_types":[159],"es_rent_periods":[],"es_labels":[],"es_statuses":[],"es_parkings":[],"es_roofs":[],"es_exterior_materials":[],"es_basements":[],"es_floor_coverings":[],"es_features":[],"es_amenities":[],"es_neighborhoods":[],"es_tags":[],"class_list":["post-482665","properties","type-properties","status-publish","hentry","es_type-multi-family","es-post-entity"],"_links":{"self":[{"href":"https:\/\/venture-pacific.net\/commercial\/wp-json\/wp\/v2\/properties\/482665","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/venture-pacific.net\/commercial\/wp-json\/wp\/v2\/properties"}],"about":[{"href":"https:\/\/venture-pacific.net\/commercial\/wp-json\/wp\/v2\/types\/properties"}],"wp:attachment":[{"href":"https:\/\/venture-pacific.net\/commercial\/wp-json\/wp\/v2\/media?parent=482665"}],"wp:term":[{"taxonomy":"es_location","embeddable":true,"href":"https:\/\/venture-pacific.net\/commercial\/wp-json\/wp\/v2\/es_locations?post=482665"},{"taxonomy":"es_category","embeddable":true,"href":"https:\/\/venture-pacific.net\/commercial\/wp-json\/wp\/v2\/es_categories?post=482665"},{"taxonomy":"es_type","embeddable":true,"href":"https:\/\/venture-pacific.net\/commercial\/wp-json\/wp\/v2\/es_types?post=482665"},{"taxonomy":"es_rent_period","embeddable":true,"href":"https:\/\/venture-pacific.net\/commercial\/wp-json\/wp\/v2\/es_rent_periods?post=482665"},{"taxonomy":"es_label","embeddable":true,"href":"https:\/\/venture-pacific.net\/commercial\/wp-json\/wp\/v2\/es_labels?post=482665"},{"taxonomy":"es_status","embeddable":true,"href":"https:\/\/venture-pacific.net\/commercial\/wp-json\/wp\/v2\/es_statuses?post=482665"},{"taxonomy":"es_parking","embeddable":true,"href":"https:\/\/venture-pacific.net\/commercial\/wp-json\/wp\/v2\/es_parkings?post=482665"},{"taxonomy":"es_roof","embeddable":true,"href":"https:\/\/venture-pacific.net\/commercial\/wp-json\/wp\/v2\/es_roofs?post=482665"},{"taxonomy":"es_exterior_material","embeddable":true,"href":"https:\/\/venture-pacific.net\/commercial\/wp-json\/wp\/v2\/es_exterior_materials?post=482665"},{"taxonomy":"es_basement","embeddable":true,"href":"https:\/\/venture-pacific.net\/commercial\/wp-json\/wp\/v2\/es_basements?post=482665"},{"taxonomy":"es_floor_covering","embeddable":true,"href":"https:\/\/venture-pacific.net\/commercial\/wp-json\/wp\/v2\/es_floor_coverings?post=482665"},{"taxonomy":"es_feature","embeddable":true,"href":"https:\/\/venture-pacific.net\/commercial\/wp-json\/wp\/v2\/es_features?post=482665"},{"taxonomy":"es_amenity","embeddable":true,"href":"https:\/\/venture-pacific.net\/commercial\/wp-json\/wp\/v2\/es_amenities?post=482665"},{"taxonomy":"es_neighborhood","embeddable":true,"href":"https:\/\/venture-pacific.net\/commercial\/wp-json\/wp\/v2\/es_neighborhoods?post=482665"},{"taxonomy":"es_tag","embeddable":true,"href":"https:\/\/venture-pacific.net\/commercial\/wp-json\/wp\/v2\/es_tags?post=482665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}