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    5806 La Mirada Avenue

    Los Angeles (City), CA 90038
    • $1,850,000
    • STATUS: Active
    • ON SITE: 17 days
    • MLS #: 21676372
    UPDATED: 123 min ago
    $1,850,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,481
      SQFT
    • $338
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1954
    County:

    School Ratings & Info

    Description

    4.14% CAP Rate on in Place Rents and Over 35% Rental Upside Potential, 5806 La Mirada is a unique value add property for sale in the heart of Hollywood! 5806 La Mirada is an eight (8) unit apartment building with all 1Bedroom/1Bath Units. All the units are individually metered for gas & electric. Unit number 2 is currently Vacant and will be delivered vacant upon COE. Out of the eight total units, six of the occupied renters are currently Section 8 renters making this investment a strong safety net against concerns of tenants inability to pay rent due to COVID-19 complications. This is a very low maintenance property with minor operating expenses. There is a laundry facility on-site for additional income that is currently being leased by the landlord. This property is fully parked with (8) total parking spaces - making this property very valuable as historically, most properties in Hollywood are severely under parked. No Soft Story Retrofit Requirements.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-23T00:27:18.87. 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.

    www.desertareahomesforsale.com/homes/113028613
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    5806 La Mirada Avenue Los Angeles (City), CA 90038

    • Price: $1,850,000
    • Status: Active
    • Updated: 123 min ago
    • MLS #: 21676372
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    5,481
    SQFT
    $338
    $/SQFT
    1954
    Built
    Neighborhood:
    C20 - Hollywood
    County:
    Los Angeles
    Area:
    C20 - Hollywood
    Property Description
    4.14% CAP Rate on in Place Rents and Over 35% Rental Upside Potential, 5806 La Mirada is a unique value add property for sale in the heart of Hollywood! 5806 La Mirada is an eight (8) unit apartment building with all 1Bedroom/1Bath Units. All the units are individually metered for gas & electric. Unit number 2 is currently Vacant and will be delivered vacant upon COE. Out of the eight total units, six of the occupied renters are currently Section 8 renters making this investment a strong safety net against concerns of tenants inability to pay rent due to COVID-19 complications. This is a very low maintenance property with minor operating expenses. There is a laundry facility on-site for additional income that is currently being leased by the landlord. This property is fully parked with (8) total parking spaces - making this property very valuable as historically, most properties in Hollywood are severely under parked. No Soft Story Retrofit Requirements.
    Exterior Features

    Lot Size Units Square Feet Parking Features CarportDrivewayGated Parking YN Yes Pool Features None Pool Private YN No Spa Features None Spa YN No

    Interior Features

    Heating None Heating YN No Laundry Features Community

    Property Features

    Country Us Financial Info As Of 2021-01-05 00:00:00 Gross Income 125640.00 Gross Multiplier 14.72 Gross Operating Income 121900.00 Land Lease YN No Laundry YN Yes Net Operating Income 77179.00 Personal Property Amount 1850000 Property Condition Repairs CosmeticAdditions/Alterations Security Features Automatic GateGated Community Senior Community YN No Special Listing Conditions Standard Tenant Pays ElectricityGas Total Expenses 44720.00 Zoning Lar3

    Listing provided courtesy of Kamfar Kyle Mirrafati of Matthews Real Estate Investment Services


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-23T00:27:18.87. 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.

     
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