Homes for sale - 5531 La Mirada AVE, Los Angeles, CA 90038

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Janette Correa

janettecorrea@kw.com +1(818) 419-7684

$ 4,950,000

Est. payment | -/mo

20 Beds

11 Baths

10,499 SqFt

Save

$ 4,950,000

Est. payment | -/mo

Save

20 Beds

11 Baths

10,499 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 10,499 sqft

Price per Sqft $471

MLS Listing ID 25523905

Bedrooms 20

HOA Y/N No

Year Built 2018

Lot Size 5,871 Sqft

Property Description

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!

Location

State CA

County Los Angeles

Area C20 - Hollywood

Zoning LAR3

Interior

Heating Central

Cooling Central Air

Flooring Wood

Fireplace No

Appliance Dishwasher, Gas Cooktop, Disposal, Gas Oven, Microwave, Oven, Refrigerator, Dryer, Washer

Exterior

Parking Features Assigned

Pool None

Community Features Gated

Total Parking Spaces 20

Private Pool No

Building

Story 4

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5536003018

Security Features Gated Community

Special Listing Condition Standard

Listed by Christian Crane • Nest Seekers

GET MORE INFORMATION

Janette Correa

REALTOR® | Lic# 01211559

janettecorrea@kw.com

+1(818) 419-7684

15910 Ventura BLVD SUITE 101 Encino, CA, 91436

5531 La Mirada AVE Los Angeles, CA 90038

Janette Correa

Key Details

Location

Interior

Exterior

Building

Others

5531 La Mirada AVE