New

$1,499,000

For Sale

12 hours ago

5633 La Mirada Ave, Los Angeles, CA

Name: 5633 La Mirada Ave, For Sale in Los Angeles - eXp Realty
Brand: Real Broker
SKU: 26101715
Price: 1499000 USD

House

MLS® 26101715

9 Bed

6 Bath

3884 sqft

4 Parking

Key Facts
Description
Map

Key Facts

Type

Levels Residential Income

Size 3884 sqft

Garage

Taxes

Days Active 1

Lot Size 0.1443 Acres

Approx. Age 1915

Avg. Price Per Sqft $385

MLS® Number 26101715

Property Address: 5633 La Mirada Ave, LOS ANGELES, CA, 90038-2292

Average square foot calculated using Size range provided by listing agent.

Description

ORIGINALLY PRICED AT $1, 700, 000 NOW, IT'S PRICED TO SELL. "A stabilized low-expense Hollywood cash-flow asset with immediate upside, tax advantages, and flexible unit conversion potential. "This is a VERY specific buyer pool. This is for the MOTIVATED 1031 + cash flow buyer. STRATEGIC POSITIONING What this REALLY is: Low-maintenance asset Tenants paying utilities Strong cash flow Newly remodeled rear structure Potential future unit split Tier 3 / R3 Hollywood zoning 1031 exchange target Depreciation benefit Vacancy leverage1031 exchange buyers passive-income investors small apartment syndicators Airbnb/furnished rental operators tax-focused buyers "retiree investors" This IS: "Low expense, high-cash-flow Hollywood income machine with upside. "Investors want: clean numbers operational upside tax strategy low headache NEW INVESTOR POSITIONING Hollywood / Silver Lake Adjacent Value-Add Cash Flow Opportunity 5633 La Mirada Ave presents a rare opportunity to acquire a low-maintenance multifamily asset in one of Los Angeles' strongest rental corridors. The property consists of: Front duplex:3BR/1BA (recently leased) 2BR/1BA currently paying $2, 250/month Rear detached structure built in 1982: Fully remodeled & permitted 4BR/4BA unit Currently leased at $4, 600/month The rear building offers potential flexibility for future reconfiguration into two separate 2BR/2BA units (buyer to verify with city). WHY THIS DEAL WORKSLOW EXPENSE OPERATION Tenants pay utilities including water/sewer Minimal landlord expense exposure Strong operational efficiency IMMEDIATE UPSIDE Potential front unit vacancy at close Rental repositioning opportunity Future unit optimization potential STRONG LOCATION Minutes to: Silver Lake Paramount Studios Hollywood Downtown LA TAX ADVANTAGE Cost segregation & depreciation potential Ideal 1031 exchange replacement asset TIER 3 / R3 ZONING Long-term redevelopment potential in a high-demand rental corridor. "Priced for immediate investor attention." "Aggressively positioned for a quick sale. "low maintenance stable cash flow1031 exchange LOW-EXPENSE HOLLYWOOD CASH FLOW ASSET 1031 FRIENDLY remodeled rear unit backyard Hollywood proximity "tenants pay all utilities" Investors LOVE: tenants paying utilities THIS IS CLEAR: "Extremely low landlord expense profile with utilities paid directly by tenants." Calling on 1031 exchange agents "This is EASY MONEY with LOW OR NO HEADACHE."

MLS® Number26101715

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1915

Basement

DrivewayAssigned, Gated

Garage Spaces

HeatCombination

A/C

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Oct 12, 2026List Date

$1,499,000List Price

-End Date

Not Sold YetSold Price

For Rent

May 10, 2024List Date

$5,000List Price

Commute

Commute

Starting Address

Destination Address

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Listing Agent

Max Lee

[email protected]

(213) 434-2433

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