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5806 La Mirada Ave

Los Angeles, CA 90038
  • $2,095,000
  • STATUS: Active
  • ON SITE: 30 Days
  • MLS #: 22-151119
UPDATED: 33 min ago
$2,095,000
  • 8
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,481
    SQFT
  • $382
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1954
County:
Area:

School Ratings & Info

Description

Over 44% Upside!!! Originally built in 1954, the two-story garden style property consists of eight (8) one-bedroom and one-bathroom units. Six of the eight units are occupied by Section 8 tenants which adds a strong safety net against the current Rent Moratorium that's in place for financial hardships due to Covid-19. One unit is currently vacant and will not be rented which will allow investors to capitalize on market rents. The roof on La Mirada was replaced in 2019. La Mirada also features an on-site laundry facility, and gas & electricity are separately metered. Opportunity to convert the covered parking in to an ADU. No Soft Story Retrofit Requirements.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-29T06:43:13.563. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.searchdesertrealestate.com/homes/128148315
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5806 La Mirada Ave Los Angeles, CA 90038

  • Price: $2,095,000
  • Status: Active
  • On Site: 30 Days
  • Updated: 33 min ago
  • MLS #: 22-151119
8
Beds
0
Baths
0
½ Baths
0.17
Acres
5,481
SQFT
$382
$/SQFT
1954
Built
Neighborhood:
Hollywood
County:
Los Angeles
Area:
Hollywood
Property Description
Over 44% Upside!!! Originally built in 1954, the two-story garden style property consists of eight (8) one-bedroom and one-bathroom units. Six of the eight units are occupied by Section 8 tenants which adds a strong safety net against the current Rent Moratorium that's in place for financial hardships due to Covid-19. One unit is currently vacant and will not be rented which will allow investors to capitalize on market rents. The roof on La Mirada was replaced in 2019. La Mirada also features an on-site laundry facility, and gas & electricity are separately metered. Opportunity to convert the covered parking in to an ADU. No Soft Story Retrofit Requirements.
Exterior Features

Lot Description Automatic Gate Lot Location City Lot Size Area 7501 Other Structures Other Parking Garage CarportDrivewayGatedGarage Is Detached Total Parking 8

Interior Features

Baths Total 8.00 Cooling Air Conditioning Equipment Gas Or Electric Dryer HookupCeiling Fan Heating None Laundry Community Laundry Equipment Lease

Property Features

Assessed Total Value 880045 Gross Income 126744 Gross Operating Income 123242 Land Lease Type Fee Like Units1 8 Net Operating Income 75432.00 Number Of Buildings 2 Number Of Units 8 Owner Pays GardenerWater Sale Type Standard Security Features Automatic Gate Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Tenant Pays GasElectricity Total Annual Expense 47810 Type Of Units 8 Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of Daniel Withers DRE#01325901 of Matthews Real Estate Investment Services.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-29T06:43:13.563. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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