5633 La Mirada Avenue,Los Angeles, CA 90038
Los Angeles, CA 90038
Description
ORIGINALLY PRICED AT $1,700,000 NOW, IT'S PRICED TO SELL. "A stabilized low-expense Hollywood cash-flow asset with immediate upside, tax advantages, and flexible unit conversion potential. "This is a VERY specific buyer pool. This is for the MOTIVATED 1031 + cash flow buyer. STRATEGIC POSITIONING What this REALLY is: Low-maintenance asset Tenants paying utilities Strong cash flow Newly remodeled rear structure Potential future unit split Tier 3 / R3 Hollywood zoning 1031 exchange target Depreciation benefit Vacancy leverage1031 exchange buyers passive-income investors small apartment syndicators Airbnb/furnished rental operators tax-focused buyers "retiree investors" This IS: "Low expense, high-cash-flow Hollywood income machine with upside. "Investors want: clean numbers operational upside tax strategy low headache NEW INVESTOR POSITIONING Hollywood / Silver Lake Adjacent Value-Add Cash Flow Opportunity 5633 La Mirada Ave presents a rare opportunity to acquire a low-maintenance multifamily asset in one of Los Angeles' strongest rental corridors. The property consists of: Front duplex:3BR/1BA (recently leased) 2BR/1BA currently paying $2,250/month Rear detached structure built in 1982: Fully remodeled & permitted 4BR/4BA unit Currently leased at $4,600/month The rear building offers potential flexibility for future reconfiguration into two separate 2BR/2BA units (buyer to verify with city). WHY THIS DEAL WORKSLOW EXPENSE OPERATION Tenants pay utilities including water/sewer Minimal landlord expense exposure Strong operational efficiency IMMEDIATE UPSIDE Potential front unit vacancy at close Rental repositioning opportunity Future unit optimization potential STRONG LOCATION Minutes to: Silver Lake Paramount Studios Hollywood Downtown LA TAX ADVANTAGE Cost segregation & depreciation potential Ideal 1031 exchange replacement asset TIER 3 / R3 ZONING Long-term redevelopment potential in a high-demand rental corridor. "Priced for immediate investor attention." "Aggressively positioned for a quick sale. "low maintenance stable cash flow1031 exchange LOW-EXPENSE HOLLYWOOD CASH FLOW ASSET 1031 FRIENDLY remodeled rear unit backyard Hollywood proximity "tenants pay all utilities" Investors LOVE: tenants paying utilities THIS IS CLEAR: "Extremely low landlord expense profile with utilities paid directly by tenants." Calling on 1031 exchange agents "This is EASY MONEY with LOW OR NO HEADACHE."
Details
| MLS # | 26970895 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1915 |
| Days On Site | 25 |
| Listing Provided By | Real Broker | Max Lee |
Features
| Bed(s) | 9 |
|---|---|
| Bath(s) | 6 |
| SQ Feet | 3,884 |
| Story(s) | 1 |
| Units | 3 |
| Building(s) | 2 |
| Zoning | LAR3 |
| Acreage | 0.14 |
Interior
| Heating | Combination |
|---|---|
| Heating Yes / No | Yes |
| Interior Features | Ceiling Fans |
| Appliances | Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer |
Parking
| Parking Features | Assigned, Gated |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90038 |
| Area | C20 Hollywood |
| Listing VS Median (in 90038) | |
Price: $1,499,000 low | high Med: $695,000 sqft: 3,884 low | high Med: 1,044 $ / sqft: $386 low | high Med: $666 On site: 25 low | high Med: 7 | |
Market Activity 90038
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90038 |
| Area | C20 Hollywood |
| Listing VS Median (in 90038) | |
Price: $1,499,000 low | high Med: $695,000 sqft: 3,884 low | high Med: 1,044 $ / sqft: $386 low | high Med: $666 On site: 25 low | high Med: 7 | |
