5633 La Mirada Ave, Los Angeles, CA, 90038
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
Very Walkable
Good Transit
BikeableSchools
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
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Heat Wave
- Inland Flooding
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Los Angeles County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $7,579 | $90,948 |
| Home Insurance * | $265 | $3,180 |
| Property Taxes | $1,542 | $18,504 |
| Electricity | $832 | $9,994 |
| Total | $10,218 | $122,616 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-21 | Listed for sale | $1,491,000 |
| 2026-04-20 | Listing removed | $1,550,000 |
| 2026-03-28 | Price change | $1,550,000 |
| 2026-03-23 | Price change | $1,499,900 |
| 2026-03-18 | Price change | $1,549,900 |
| 2026-03-13 | Price change | $1,599,000 |
| 2026-02-24 | Price change | $1,549,000 |
| 2026-01-13 | Listed for sale | $1,599,000 |
| 2026-01-13 | Listing removed | $1,599,000 |
| 2026-01-08 | Listed for sale | $1,599,000 |
| 2026-01-08 | Listing removed | $1,599,000 |
| 2025-11-18 | Listed for sale | $1,599,000 |
| 2025-11-17 | Listing removed | $1,599,000 |
| 2025-10-20 | Listed for sale | $1,599,000 |
| 2025-10-20 | Listing removed | $1,599,000 |
| 2025-04-30 | Listed for sale | $1,599,000 |
| 2025-04-30 | Listing removed | $1,599,000 |
| 2025-02-17 | Price change | $1,599,000 |
| 2025-02-12 | Price change | $1,699,000 |
| 2024-11-19 | Listed for sale | $1,700,000 |
| 2024-07-30 | Listing removed | -- |
| 2024-07-27 | Listing removed | -- |
| 2024-05-11 | Listed for rent | $5,000 |
| 2024-04-03 | Listed for sale | $1,700,000 |
| 2023-04-28 | Sold | $1,000,000 |
| 2023-04-24 | Pending sale | $995,000 |
| 2017-01-26 | Sold | $965,000 |
| 2016-11-04 | Sold | $673,000 |
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