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5633 La Mirada Ave, Los Angeles, CA, 90038

9beds
6baths
3,884sqft
$1,491,000
$384price/sqft
$10,168/moest. monthly cost
$406,720/yrincome needed

About This Home

"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 flowNewly remodeled rear structure Potential future unit splitTier 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."

Getting Around

89
WalkingVery Walkable
63
TransitGood Transit
67
BikeBikeable

Construction

Condition

  • Year built: 1915

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Washer,Microwave,Range/Oven,Refrigerator,Disposal

Bedrooms & Bathrooms

  • Bedrooms: 9
  • Bathrooms: 6

Features

  • Ceiling Fan(s)

Heating & Cooling

  • Heating features: Wall Electric,Combination
  • Cooling features: Ceiling Fan(s),Air Conditioning

Interior Area

  • Total structure area: 3,884
  • Total interior livable area: 3,884 sqft

Property

Details

  • Parcel number: 5536002010
  • Zoning: LAR3
  • Special condition: Standard

Features

  • Levels: Two

Lot

  • Lot size: 6,285 sqft

Parking

  • Parking features: Assigned,Auto Driveway Gate,Driveway
  • Has uncovered spaces: Yes