Log In/Sign Up
Your email has been sent.
5633 La Mirada Ave 3 Unit Apartment Building $1,549,900 ($516,633/Unit) 5.96% Cap Rate Los Angeles, CA 90038
Executive Summary
THIS BACK UNIT, 4 BEDROOMS + 4 BATHROOM UNIT(THIS BACK BUILDING POSSIBLY CAN BE CONVERTED INTO 2 SEPARATE 2 BED + 2 BATH UNITS - BUYER TO VERIFY WITH CITY PLANNING FOR PERMITS) SEE ATTACHED DOC FOR INVESTMENT DEPRECIATION AND TAX BENEFIT FOR THE NEXT BUYER. BRING YOUR 1031 EXCHANGE HERE. ** 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!! OPPORTUNITY/LUCK IS FOR THOSE WHO TAKE IT AND TAKE IT FASTER THAN ANYONE ELSE. LEAST EXPENSE BUILDING IN TOWN. Back unit Completely remodeled and permitted. Whopping 4 bedroom 4 bathroom(possibly to turn into 2 units, (one for top and one for bottom for separate tenants) 1838 Sq ft. CURRENTLY PAYING $4,600.00. BRAND NEW STOVE/OVEN, REFRIGERATOR, WASHER/DRYER, DISWASHER, SPLIT UNIT AIR CONDITIONERS, LARGE BACKYARD WITH SAIL CANOPY FOR PRIVACY. Over 6200 SQFT , R3 zoned Tier 3 in Hollywood, The Property consists of a remodeled duplex in the front with ( 3 bedroom/ 1bathroom)(RECENTLY LEASED) + (2 bedroom / 1 bathroom) (PAYING $2,250.00 PER MONTH for non-remodeled unit) units totaling 2,046 Sq Feet generating $5,540 a month. Close proximity to Silver Lake , Paramount Pictures, Downtown Los Angeles and Hollywood. please do not disturb the tenants. THIS WILL BE A STABLE CASH FLOW COW FOR THOSE WHO NEED 1031 EXCHANGE, LOW MAINTENANCE COSTS (all utilities, including and not limited to water/sewer is being paid by tenants)
Property Facts
| Price | $1,549,900 | Building Class | C |
| Price Per Unit | $516,633 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 3,884 SF |
| Cap Rate | 5.96% | Average Occupancy | 100% |
| Gross Rent Multiplier | 13.54 | 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 | $1,549,900 |
| Price Per Unit | $516,633 |
| Sale Type | Investment |
| Cap Rate | 5.96% |
| Gross Rent Multiplier | 13.54 |
| 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 |
|---|---|---|---|
| Studios | 3 | - | - |
1 1
Very walkable
80/100
Very drivable
80/100
Good public transit
70/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 5536-002-010 | Improvements Assessment | $416,160 |
| Land Assessment | $624,240 | Total Assessment | $1,040,400 |
Property Taxes
Parcel Number
5536-002-010
Land Assessment
$624,240
Improvements Assessment
$416,160
Total Assessment
$1,040,400
1 of 52
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
5633 La Mirada Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.