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5806 La Mirada Avenue, Los Angeles, CA 90038
1
bed
1
bath
5481
ft2
· 7501
ft2 lot
$1,850,000
$338 / ft2
Listing provided courtesy of Kamfar Kyle Mirrafati, Matthews Real Estate Investmen.
Source CRMLS.
4.14% CAP Rate on in Place Rents and Over 35% Rental Upside Potential, 5806 La Mirada is a unique value add property for sale in the heart of Hollywood! 5806 La Mirada is an eight (8) unit apartment building with all 1Bedroom/1Bath Units. All the units are individually metered for gas & electric. Unit number 2 is currently Vacant and will be delivered vacant upon COE. Out of the eight total units, six of the occupied renters are currently Section 8 renters making this investment a strong safety net against concerns of tenants inability to pay rent due to COVID-19 complications. This is a very low maintenance property with minor operating expenses. There is a laundry facility on-site for additional income that is currently being leased by the landlord. This property is fully parked with (8) total parking spaces - making this property very valuable as historically, most properties in Hollywood are severely under parked. No Soft Story Retrofit Requirements.
HOA
$—/month
On market
2 months
Year built
1954
Property type
Multi-Family
Parking
MLS
21676372
Price / Sq.Ft.
$338 / ft2
Status
Active
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Based on a price of $1,850,000
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Property Details
Interior Features & Layout
Appliances
•   
Laundry Details: Community
•   
Security Features: Automatic Gate, Gated Community
•   
Laundry: 1
Interior Size
•   
Building Area Total: 5481.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Carport, Driveway, Gated
Building Info
•   
Zoning: LAR3
•   
Stories Total: 2
Community Info
•   
Number Of Buildings: 2
•   
Total Units: 8
Lot Info
•   
Lot Size Acres: 0.1700
•   
Lot Size Area: 7501.0000
•   
Lot Size Units: Square Feet
Property Features
•   
Property Condition: Repairs Cosmetic, Additions/Alterations
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 121900.00
•   
Personal Property Amount: 1850000
•   
Total Expenses: 44720.00
•   
Gross Multiplier: 14.72
Tax/Assessment Info
•   
Gross Income: 125640.00
•   
Tax Year: 2019
•   
Taxes: 11200.0
Lease Info
•   
Net Operating Income: 77179.00
Other
•   
Financial Info As Of: 2021-01-05 00:00:00
Listing Info
•   
Status: Active
Multi Unit Information
Unit 1 Information
•   
Unit 1 Bedrooms: 1
•   
Unit 1 Total Units: 8
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 1299.00
•   
Unit 1 Total Rent: 10390.00
Multi Unit Information
•   
# Of Units: 13
•   
Price Per Unit: 231250
School Neighborhood & Directions
School Info
•   
Directions: Just South of the Bronson Studios on Sunset Blvd and Netflix
Other
Calculation
•   
Dom: 41
•   
Cdom: 41
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: Apr 23, 2021 7:21am
Neighborhood snapshot
64
Properties for sale
26
Median days on market
$608.01
Median sold price/sqft
98.54%
Sold/List %
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Property History
02/10/2021
02/10/2021
CRMLS #21676372
active
CRMLS #21676372
$1,850,000
01/25/2021
01/25/2021
CRMLS #21676372
pending
CRMLS #21676372
$1,850,000
01/05/2021
01/05/2021
CRMLS #21676372
active
CRMLS #21676372
$1,850,000
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