5633 La Mirada Ave 3 Unit Apartment Building $2,054,439 CAD ($684,813 CAD/Unit) 6.16% Cap Rate Los Angeles, CA 90038

“A stabilized low-expense Hollywood cash-flow asset with immediate upside, tax advantages, and flexible unit conversion potential.”
This is a VERY specific buyer pool.
This is for the MOTIVATED 1031 + cash flow buyer.
STRATEGIC POSITIONING
What this REALLY is:
Low-maintenance asset
Tenants paying utilities
Strong cash flow
Newly remodeled rear structure
Potential future unit split
Tier 3 / R3 Hollywood zoning
1031 exchange target
Depreciation benefit
Vacancy leverage
1031 exchange buyers
passive-income investors
small apartment syndicators
Airbnb/furnished rental operators
tax-focused buyers
“retiree investors”
This IS:
“Low expense, high-cash-flow Hollywood income machine with upside.”
Investors want:
clean numbers
operational upside
tax strategy
low headache
NEW INVESTOR POSITIONING
Hollywood / Silver Lake Adjacent Value-Add Cash Flow Opportunity
5633 La Mirada Ave presents a rare opportunity to acquire a low-maintenance multifamily asset in one of Los Angeles’ strongest rental corridors.
The property consists of:
Front duplex:
3BR/1BA (recently leased)
2BR/1BA currently paying $2,250/month
Rear detached structure built in 1982:
Fully remodeled & permitted 4BR/4BA unit
Currently leased at $4,600/month
The rear building offers potential flexibility for future reconfiguration into two separate 2BR/2BA units (buyer to verify with city).
WHY THIS DEAL WORKS
LOW EXPENSE OPERATION
Tenants pay utilities including water/sewer
Minimal landlord expense exposure
Strong operational efficiency
IMMEDIATE UPSIDE
Potential front unit vacancy at close
Rental repositioning opportunity
Future unit optimization potential
STRONG LOCATION
Minutes to:
Silver Lake
Paramount Studios
Hollywood
Downtown LA
TAX ADVANTAGE
Cost segregation & depreciation potential
Ideal 1031 exchange replacement asset
TIER 3 / R3 ZONING
Long-term redevelopment potential in a high-demand rental corridor.
“Priced for immediate investor attention.”
“Aggressively positioned for a quick sale.”
low maintenance
stable cash flow
1031 exchange
LOW-EXPENSE HOLLYWOOD CASH FLOW ASSET – 1031 FRIENDLY
remodeled rear unit
backyard
Hollywood proximity
“tenants pay all utilities”
Investors LOVE: tenants paying utilities
THIS IS CLEAR:
“Extremely low landlord expense profile with utilities paid directly by tenants.”
Calling on 1031 exchange agents
“This is EASY MONEY with LOW OR NO HEADACHE.”