Mike Watson, Realtor

Mike Watson

Call or Text(661) 733-2196
ActiveDuplex

5652 La Mirada Avenue

Los Angeles, CA, 90038

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$7,700,000

MLS: OC25257063

Beds

32

Baths

32

Sq Ft

9,424

Lot

0.17 ac

Year Built

2025

MLS #

OC25257063

Days on Market

162

Listed

Nov 9, 2025

Description

Excellent Master Lease opportunity in the center of Hollywood for Investors! This is a brand new Co-Living building constructed in 2025, with 32 bedrooms all with Private En-suite Bathrooms spread across 3 large modern units. The first unit is 3 stories with 10 bedrooms & 10 ensuite bathrooms, washer/dryer on each floor, and the common kitchen is located on the second floor. The second unit is 3 stories with 18 bedrooms with 18 ensuite bathrooms with one shared kitchen. The third unit can be rented out completely by one family since it is single-story and offers 4 bedrooms with 4 ensuite bathrooms plus an additional ADA compliant bathroom. The bedrooms provide tenants with utmost privacy and comfort with their own Private En-Suite bathrooms, central air conditioning, washer dryer laundry on each floor, full closets, shared kitchens and living rooms! This co-living environment is perfect for young professionals, students, and anyone looking for an affordable living situation in an upscale brand new building. This is one of the newest buildings completed in 2025 located walking distance to Netflix headquarter and near the Walk of Fame, TCL Chinese Theatre, Hollywood Bowl, Sunset Boulevard &Hollywood Nightlife , Downtown Los Angeles, and everything else Los Angeles has to offer. This is a great opportunity for housing groups specializing in student housing, young professionals entering the workforce, corporate housing, healthcare assisted living, transition and affordable housing. This is a great property for all types of tenants. Tenants will enjoy all the benefits of modern living in a prime area of Hollywood near the 110 Fwy. Perfect for a master lease for the government program. If you are interested in purchasing this property, please send your offer and POF to the listing agent’s email.

Location

Los Angeles, Los Angeles County, CA 90038

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Listed by: Zhu Liu · Pinnacle Real Estate Group

Payment estimate

$53,787

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $770,000 · Loan: $6,930,000

%
Principal & Interest
$42,579
Property tax (1.25%)
$8,021
Homeowners insurance
$300
Mortgage insurance
$2,888
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Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.

Today's Rates

As of Apr 23, 2026

30-year fixed
6.23%
15-year fixed
5.58%

Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.

Financing Options

FHA Financing — 3.5% Down

First-time and repeat buyers can purchase this Los Angeles home with as little as 3.5% down using an FHA loan — roughly $269,500 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.

Local Market Stats

See Los Angeles, CA 90038 market trends →

Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.

#1 Producing Individual Realtor — Antelope Valley

Only large teams outsell Mike Watson · Keller Williams Realty

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