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!
Property Details
Price:
$4,950,000
MLS #:
25523905
Status:
Active
Baths:
0
Address:
5531 La Mirada Avenue
Type:
Residential Income
Neighborhood:
c20hollywood
City:
Los Angeles
Listed Date:
Apr 8, 2025
State:
CA
ZIP:
90038
Lot Size:
5,873 sqft / 0.13 acres (approx)
Year Built:
2018
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Schools
Interior
Appliances
Dishwasher, Disposal, Microwave, Refrigerator, Gas Cooktop, Oven, Gas Oven
Cooling
Central Air
Flooring
Wood
Heating
Central
Exterior
Parking Features
Assigned
Parking Spots
20.00
Pool Features
None
Security Features
Gated Community
Spa Features
None
Stories Total
4
Financial
Map
Community
- Address5531 La Mirada Avenue Los Angeles CA
- AreaC20 – Hollywood
- CityLos Angeles
- CountyLos Angeles
- Zip Code90038
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5531 La Mirada Avenue
Los Angeles, CA
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