5531 La Mirada Avenue, Los Angeles, CA 90038 - Berkshire Hathaway HomeServices California Properties
5531 La Mirada Avenue Los Angeles, CA 90038
$4,950,000 20 beds, 11 baths
10, 499 sqft

Agent Remarks

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!

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 25523905
List price is $4,950,000
Beds: 20
Baths: 11
Built in 2018
10,499 sqft
0.13 acres
Lot size: 0.1348
County: Los Angeles
Zoning: LAR3
Appliances: Dishwasher,Gas Cooktop,Disposal,Gas Oven,Microwave,Oven,Refrigerator,Dryer,Washer
Parking description: Assigned
Heating/cooling: Central Air
Heating description: Central
MLS area: C20 - Hollywood

Last Updated: 4/21/2025

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This listing belongs to the C20 - Hollywood MLS area

Lat/Long: 34.093974, -118.310545.
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Listing Agent: Christian Crane
Lic#: 01234982
Office Name: Mission Viejo

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