5633 La Mirada Avenue, Los Angeles, CA 90038
Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
5633 La Mirada Avenue,Los Angeles, CA 90038
$1,499,000
- 9 Beds
- 6 Baths
- 3,884 sq. ft.
- Multi-family
- Active
Listed by: max lee
Office: real broker619-663-8680
MLS#:26970895
Source:CRMLS
Price summary
- Price:$1,499,000
- Price per sq. ft.:$385.94
About this home
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."...
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Home facts
- Year built:1915
- Listing ID #:26970895
- Added:39 day(s) ago
- Updated:September 19, 2026 at 01:40 PM
Rooms and interior
- Bedrooms:9
- Total bathrooms:6
- Kitchen Description:Dishwasher, Microwave, Refrigerator, Washer
- Living area:3,884 sq. ft.
Heating and cooling
- Heating:Combination
Structure and exterior
- Year built:1915
- Building area:3,884 sq. ft.
- Lot area:0.14 Acres
- Levels:1 Story
Finances and disclosures
- Price:$1,499,000
- Price per sq. ft.:$385.94
Features and amenities
- Appliances:Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer
- Laundry features:Dryer, Washer
- Amenities:Ceiling Fans
Parking
- Total parking spaces:4
- Parking description:Assigned, Gated
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