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5633 La Mirada Ave 3 Unit Apartment Building $1,599,000 ($533,000/Unit) 6.06% Cap Rate Los Angeles, CA 90038
INVESTMENT HIGHLIGHTS
- Close approximity to Netflex - Hollywood
- Quite Street
- Next to 101 Fwy
EXECUTIVE SUMMARY
THE BACK UNIT, 4 BEDROOMS + 4 BATHROOM UNIT CAN BE DELIVERED VACANT FOR NEW OWNERS TO USE AS THEIR PRIMARY RESIDENCE STARTING SEPTEMBER 1, 2025. SEE ATTACHED DOC FOR INVESTMENT DEPRECIATION AND TAX BENEFIT FOR THE NEXT BUYER. ** BRING YOUR 1031 EXCHANGE HERE. ** $100,000.00 PRICE ADJUSTMENT. NOW WITH SERIOUS PRICE, LOOKING FOR THE SERIOUS BUYER. ** ALL EXPENSES PAID BY TENANTS. LOW MAINTEANCE COST. ** 1031 EXCHANGE BUYERS, LOOK NO FURTHER.** DON'T WAIT!! Back unit Completely remodeled and permitted. Whopping 4 bedroom 4 bathroom(possibly to turn into 2 units, COLLECTING $4,500.00 PER MONTH (one for top and one for bottom for separate tenants) 1838 Sq ft. BRAND NEW STOVE/OVEN, REFRIGERATOR, WASHER/DRYER, DISWASHER, SPLIT UNIT AIR CONDITIONERS, LARGE BACKYARD WITH SAIL CANOPY FOR PRIVACY. The Property consists of a remodeled duplex in the front with ( 3 bedroom/ 1bathroom) + (2 bedroom / 1 bathroom) units totaling 2,046 Sq Feet generating $5,240 a month. Close proximity to Silver Lake , Paramount Pictures , Downtown Los Angeles and Hollywood. ALL 3 UNITS 100% occupied, please do not disturb the tenants. THIS WILL BE A STABLE CASH COW FOR THOSE WHO NEED 1031 EXCHANGE, LOW MAINTENANCE COSTS.
PROPERTY FACTS
| Price | $1,599,000 | Building Class | C |
| Price Per Unit | $533,000 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 3,884 SF |
| Cap Rate | 6.06% | Average Occupancy | 100% |
| Gross Rent Multiplier | 13.69 | No. Stories | 2 |
| No. Units | 3 | Year Built | 1915 |
| Property Type | Multifamily | Parking Ratio | 1.03/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | LAR3 | ||
| Price | $1,599,000 |
| Price Per Unit | $533,000 |
| Sale Type | Investment |
| Cap Rate | 6.06% |
| Gross Rent Multiplier | 13.69 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 3,884 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1915 |
| Parking Ratio | 1.03/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LAR3 |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Hardwood Floors
- Yard
- Dining Room
- Porch
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 1 | $2,250 | 1,000 |
| 4+4 | 1 | $5,000 | 1,838 |
| 3+1 | 1 | $2,625 | 1,046 |
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5633 La Mirada Ave
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