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6416 La Mirada Avenue

Los Angeles (City), CA 90038
  • $1,750,000
  • STATUS: Active
  • ON SITE: 392 Days
  • MLS #: SR24029762
UPDATED: 54 min ago
$1,750,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1921
County:

School Ratings & Info

Listing Agent(s): Gus Shekofte of Beverly and Company (818-835-4414)


Description

2nd price reduction.The Spanish buildings, situated in the heart of Hollywood, surrounded with many new high rises and CNN iconic building. The property is adjacent to the 6410 La Mirada with separate APN number and must be sold and close concurrently. The opportunities are endless. From ADUs to new constructions with high densities or simply hold as an investment portfolio. These properties carrying good mix units; the 6410 is consist of 3+2, 2+1, 1+1, 1+1 (offering at $1.6 Mil, with second price was reduction) and the 6416 is consist of 2+2 1/2, 1+1, 1+1. 1+1, 1+1. All units are occupied except 3+2 unit. Leases are M to M. 40% upside in rent. Separate meters for Gas and electricity; each unit has its own water heater. some units have washer/dyers or just a hook-up. One of the seller is DRE licensees. Buyer must cooperate with seller's 1031 exchange at no coast to buyer. Measurements are estimated, buyers to investigate and verify the measurements, potential future developments, city ordinance, permits requirements and relay on his/hers own source for the accuracies thereto. some seismic work was done on one of the building. Broker, agent and sellers will not be responsible for any discrepancies. Neighboring Larchmont Village, Hancock Park, Los Feliz, West Hollywood, La Brea, and Koreantown Do not disturb the tenants, they are not aware of the sales. Showing by appointment only and upon acceptance of an offer. The properties being sold in AS IS condition with NO SELLERS' WARRANTY and/or repairs. Sellers will select the service.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-15T13:29:47.973. 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/147682736
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6416 La Mirada Avenue Los Angeles (City), CA 90038

  • Price: $1,750,000
  • Status: Active
  • On Site: 392 Days
  • Updated: 54 min ago
  • MLS #: SR24029762
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1921
Built
Neighborhood:
C20 - Hollywood
County:
Los Angeles
Area:
C20 - Hollywood
Property Description
2nd price reduction.The Spanish buildings, situated in the heart of Hollywood, surrounded with many new high rises and CNN iconic building. The property is adjacent to the 6410 La Mirada with separate APN number and must be sold and close concurrently. The opportunities are endless. From ADUs to new constructions with high densities or simply hold as an investment portfolio. These properties carrying good mix units; the 6410 is consist of 3+2, 2+1, 1+1, 1+1 (offering at $1.6 Mil, with second price was reduction) and the 6416 is consist of 2+2 1/2, 1+1, 1+1. 1+1, 1+1. All units are occupied except 3+2 unit. Leases are M to M. 40% upside in rent. Separate meters for Gas and electricity; each unit has its own water heater. some units have washer/dyers or just a hook-up. One of the seller is DRE licensees. Buyer must cooperate with seller's 1031 exchange at no coast to buyer. Measurements are estimated, buyers to investigate and verify the measurements, potential future developments, city ordinance, permits requirements and relay on his/hers own source for the accuracies thereto. some seismic work was done on one of the building. Broker, agent and sellers will not be responsible for any discrepancies. Neighboring Larchmont Village, Hancock Park, Los Feliz, West Hollywood, La Brea, and Koreantown Do not disturb the tenants, they are not aware of the sales. Showing by appointment only and upon acceptance of an offer. The properties being sold in AS IS condition with NO SELLERS' WARRANTY and/or repairs. Sellers will select the service.
Exterior Features

Entry Level 1 Entry Location Drive way Fencing None Lot Features Rectangular Lot Number Of Separate Electric Meters 5 Open Parking Spaces 5 Parking Features Assigned Parking Total 10 Pool Features None Pool Private YN No Property Attached YN No Roof AsphaltFlat View Hills View YN Yes

Interior Features

Accessibility Features Parking Appliances Convection OvenGas OvenGas Water Heater Common Walls No Common Walls Door Features Mirrored Closet Door(s)Panel DoorsSliding Doors Fireplace Features BathElectricGasKitchenLibraryOutside Fireplace YN Yes Flooring LaminateWood Heating Natural GasWall Furnace Heating YN Yes Interior Features BalconyHigh Ceilings Window Features Screens

Property Features

Cap Rate 4.08 Common Interest Planned Development Community Features Storm Drain(s)Street LightsSidewalks Contingency Subject to Concurrent successful COS on the adjacent property (6412 La Mirada) as well as buyer 1030 exchange. Electric Electricity - On PropertyStandard Garage YN Yes Gross Income 11700 Gross Scheduled Income 135708 Insurance Expense 3910 Land Lease YN No Laundry Features Washer HookupGas Dryer HookupInsideLaundry Room Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanConventionalContract1031 ExchangeLand Use Fee Net Operating Income 89806 New Construction YN No Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Number Of Units Leased 5 Operating Expense 41831 Property Condition Building Permit Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TVElectricityGasTelephone Total Actual Rent 135708 Trash Expense 5160 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Vacancy Allowance 4071 Vacancy Allowance Rate 3 Water Sewer Expense 1800 Water Source Public Zoning LARD1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-15T13:29:47.973. 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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Listing Agent(s): Gus Shekofte of Beverly and Company (818-835-4414)