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5633 La Mirada Ave 3 Unit Apartment Building $2,192,869 CAD ($730,956 CAD/Unit) 6.06% Cap Rate Los Angeles, CA 90038
INVESTMENT HIGHLIGHTS
- Close approximity to Netflex - Hollywood
- Quite Street
- Next to 101 Fwy
EXECUTIVE SUMMARY
SEE ATTACHED DOC FOR INVESTMENT DEPRECIATION AND TAX BENEFIT FOR THE NEXT BUYER. ** BRING YOUR 1031 EXCHANGE HERE. ** $100,000.00 PRICE ADJUSTMENT. NOW WITH SERIOUS PRICE, LOOKING FOR THE SERIOUS BUYER. ** ALL EXPENSES PAID BY TENANTS. LOW MAINTEANCE COST. ** 1031 EXCHANGE BUYERS, LOOK NO FURTHER.** DON'T WAIT!! Back unit Completely remodeled and permitted. Whopping 4 bedroom 4 bathroom(possibly to turn into 2 units, COLLECTING $4,600.00 PER MONTH (one for top and one for bottom for separate tenants) 1838 Sq ft. BRAND NEW STOVE/OVEN, REFRIGERATOR, WASHER/DRYER, DISWASHER, SPLIT UNIT AIR CONDITIONERS, LARGE BACKYARD WITH SAIL CANOPY FOR PRIVACY. The Property consists of a remodeled duplex in the front with ( 3 bedroom/ 1bathroom) + (2 bedroom / 1 bathroom) units totaling 2,046 Sq Feet generating $5,240 a month. Close proximity to Silver Lake , Paramount Pictures , Downtown Los Angeles and Hollywood. ALL 3 UNITS 100% occupied, please do not disturb the tenants. THIS WILL BE A STABLE CASH COW FOR THOSE WHO NEED 1031 EXCHANGE, LOW MAINTENANCE COSTS.
PROPERTY FACTS
| Price | $2,192,869 CAD | Building Class | C |
| Price Per Unit | $730,956 CAD | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 3,884 SF |
| Cap Rate | 6.06% | Average Occupancy | 100% |
| Gross Rent Multiplier | 13.69 | No. Stories | 2 |
| No. Units | 3 | Year Built | 1915 |
| Property Type | Multifamily | Parking Ratio | 1.03/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | LAR3 | ||
| Price | $2,192,869 CAD |
| Price Per Unit | $730,956 CAD |
| Sale Type | Investment |
| Cap Rate | 6.06% |
| Gross Rent Multiplier | 13.69 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 3,884 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1915 |
| Parking Ratio | 1.03/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LAR3 |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Hardwood Floors
- Yard
- Dining Room
- Porch
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 1 | $3,086 CAD | 1,000 |
| 4+4 | 1 | $6,857 CAD | 1,838 |
| 3+1 | 1 | $3,600 CAD | 1,046 |
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5633 La Mirada Ave
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