5531 La Mirada Avenue, Los Angeles, CA 90038
  • MLS#: 25523905 ( )
  • Street Address: 5531 La Mirada Avenue
  • Viewed: 4
  • Price: $4,950,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 2018
  • Bldg sqft: 0
  • Days On Market: 18
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90038
  • Provided by: Nest Seekers
  • Contact: Christian Christian
  • California Regional MLS IDX
  • DMCA Notice
  • 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!
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Features
Appliances
  1. Dishwasher
  2. Disposal
  3. Microwave
  4. Refrigerator
  5. Gas Cooktop
  6. Oven
  7. Gas Oven
Building Area Total
  1. 10499.00
Cooling
  1. Central Air
Country
  1. US
Flooring
  1. Wood
Heating
  1. Central
Laundry Features
  1. Washer Included
  2. Dryer Included
Levels
  1. Multi/Split
Netoperatingincome
  1. 233716.00
Parcel Number
  1. 5536003018
Parking Features
  1. Assigned
Pool Features
  1. None
Postalcodeplus4
  1. 2207
Security Features
  1. Gated Community
Sourcesystemkey
  1. 25523905:CLAW
Spa Features
  1. None
Totalexpenses
  1. 76400.00
Year Built
  1. 2018
Year Built Source
  1. Assessor
Zoning
  1. LAR3