Keegan Cin | Realtor® | License # DRE 01971604

Property

Los Angeles, CA 90038 5531 La Mirada Avenue

5531 La Mirada Avenue Los Angeles, CA - Image 15531 La Mirada Avenue Los Angeles, CA - Image 25531 La Mirada Avenue Los Angeles, CA - Image 3
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Presented By: Christian Crane with Nest Seekers;
  • MLS# 25523905
  • 04/13/2025
  • Request Tour
  • Request Info
  • Beds • 20
  • Baths • 11
  • SQFT • 10,499
  • Year Built • 2018

Home Details

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!
Presented By: Christian Crane with Nest Seekers;

Interior Features for 5531 La Mirada Avenue

Bedrooms

Total Bedrooms20

Bathrooms

Half Baths0
Total Baths11
1/4 Baths
3/4 Baths

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace Y/NNo
FlooringWood
Heating Y/NYes
LivingAreaSourceAssessor
Total Stories4

General for 5531 La Mirada Avenue

Additional Parcels Y/NNo
AppliancesDishwasher, GasCooktop, Disposal, GasOven, Microwave, Oven, Refrigerator, Dryer, Washer
Attached Garage No
Cap Rate6.6
Carport Y/NNo
CityLos Angeles
Community FeaturesGated
CoolingCentralAir
CountyLos Angeles
DirectionsBetween Sunset Blvd and Santa Monica Blvd near Western ave.
Electric On Property Y/NNo
Full Baths
Garage Y/NNo
Gross Income307116.0
HOANo
HeatingCentral
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsMultiSplit
Lot Size Square Feet5873.0
Lot Size UnitsSquareFeet
MLS AreaC20 - Hollywood
MobileHomeRemainsYNNo
Net Operating Income233716.0
New ConstructionNo
Number Of Units Total11
Number of Units Leased11
Pool FeaturesNone
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Security FeaturesGatedCommunity
Senior Community Y/NNo
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Waterfront Y/NNo
Year Built2018
Year Built SourceAssessor
ZoningLAR3

Exterior for 5531 La Mirada Avenue

Building Area Total10499.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1348
Lot Size Area5873.0
Lot Size SourceAssessor
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesAssigned
Private PoolNo
SpaNo
Total Parking20.0

Additional Details

Price History

Justin Hughey

Price $4,950,000
MLS#25523905
List Date 04/13/2025
Property Type Multi-Family
Request Tour
Request Info

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