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… Read More Tenants paying utilities Strong cash flowNewly remodeled rear structure Potential future unit splitTier 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. Read Less
Courtesy of Real Broker 619-663-8680
Listing Snapshot
Days Online
9
Last Updated
Property Type
Other
Beds
9
Square Ft.
3,884
Lot Size
0.14 Acres
Year Built
1915
MLS Number
26835889
30 Days Snapshot Of 90038
$1.23M
+16%
(avg) sold price
1
-80%
home sold
166
+219%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dishwasher, Dryer, Washer, Microwave, Range/Oven, Refrigerator, Garbage Disposal, Ceiling Fan
Building
3,884 sq ft, Built in 1915, Levels: Two
Cooling
Ceiling Fan, Air Conditioning
Disclosures
As Is
Garage
Assigned, Auto Driveway Gate, Driveway
Heating
Wall Electric, Combination
Lot
LotAcreage: 0.1443, LotSizeArea: 6,284
Parking
TotalParking: 0
Property
NumberOfUnits: 3, Zoning: LAR3
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