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.