5531 La Mirada Avenue, Los Angeles, CA, 90038

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$4,950,000
36 Days On Site

5531 La Mirada Avenue
Los Angeles, CA 90038

For Sale|Residential Income|Active
20
Beds
0
Full Baths
0
Partial Baths
10,499
SqFt
$471
/SqFt
2018
Built
County:
Los Angeles
Listed by Christian Crane of Nest Seekers [email protected]
5531 La Mirada Avenue5531 La Mirada Avenue5531 La Mirada Avenue5531 La Mirada Avenue
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Monthly Payment (Est.)

$22,584
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This is a rare opportunity to own an 11-unit apartment building in a highly desirable and private cul-de-sac just minutes from the 101 freeway. With a high occupancy rate and strong rental history, this property offers both immediate cash flow and long term growth potential. Located in a sought-after area with easy access to major shopping, dining and entertainment, it's perfectly positioned to attract and retain quality tenants. With no rent control in place, there's a significant value add opportunity for a 7% rent increase, allowing investors to quickly enhance cash flow. Currently, the landlord covers the water expense, but that cost can be passed on to tenants to further increase net operating income. This is a low-maintenance asset as there's no elevator, minimal common area upkeep and low power usage, making it ideal for owners looking for low operational costs. This property offers reliable income, and clear value-add potential, making it an exceptional opportunity for both new and seasoned investors. Don't miss your chance to acquire a well-positioned, income-generating building with real upside in one of the most convenient neighborhoods. Schedule a private showing today!

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Listing Snapshot
Price 
$4,950,000
Days On Site 
36 Days
Bedrooms 
20
Inside Area (SqFt) 
10,499 sqft
Total Baths 
11
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1348 Acres
Year Built 
2018
MLS® Number 
25523905
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
4 weeks agoListing updated with changes from the MLS®
a month agoListing first seen on site
General Features
Acres 
0.1348
Number Of Stories 
4
Parking 
Assigned
Parking Spaces 
20
Security 
Gated Community
Special Circumstances 
Standard
SqFt Total 
10499
Stories 
Multi/Split
Zoning 
LAR3
Interior Features
Appliances 
DishwasherGas CooktopDisposalGas OvenMicrowaveOvenRefrigeratorDryerWasher
Cooling 
Central Air
Flooring 
Wood
Heating 
Central
Bathroom 
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Exterior Features
Pool Features 
None
Spa Features 
None
Community Features
Community Features 
Gated
MLS Area 
C20 - Hollywood


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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