Active

5633 La Mirada Avenue

Los Angeles, CA 90038

$1,499,000 $6,319/Mo

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Overview

Bed

Bath

3,884

Sqft

6,284

Sqft(Lot)

Description

ORIGINALLY PRICED AT $1,700,000 NOW, IT'S PRICED TO SELL. "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 flowNewly remodeled rear structure Potential future unit splitTier 3 / R3 Hollywood zoning 1031 exchange target Depreciation benefit Vacancy leverage1031 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 WORKSLOW 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 flow1031 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."

Property Details

Property Type : Residential Income

Price : $1,499,000

AD Id : 78856497

MLS Id : 26835889

Beds : 9

Lot Size : 6,284 Sqft

Living Area Size : 3,884

Year Built : 1915

County : Los Angeles

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total Bedrooms: 9

Bathroom Information

Total Baths: 6 Full Baths: 0 Half Baths: 0
Interior Features

Interior Features: Ceiling Fan(s) Property Appliances: Dishwasher,Disposal,Microwave,Refrigerator,Dryer,Washer
Heating Source

Combination Has Heating

Building Information

Year Built: 1915 Building Area Total: 3,884

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1443
Lot Size Source: Vendor Enhanced Lot Size Square Feet: 6284

Listing Price Information

Original List Price: 1,499,000 Listing Contract Date: 2026-05-18
Lease Information

Listing Agreement: Seller Reserved

Tax Information

Parcel Number: 5536002010

Garage and Parking

Garage Description: Assigned,Driveway,Electric Gate

Homeowners Association

Other Property Info

Source Listing Status: Active Source Neighborhood: C20 - Hollywood Postal Code Plus 4: 2209 Directions: North of Santa Monica, South of Fountain, Between Wilton, and St Andrews pl. Zoning: LAR3 Source Property Type: Residential Income Area: C20 - Hollywood
Building and Construction

Property Age: 111 Year Built Source: Vendor Enhanced Total Square Feet Living: 3884 Levels or Stories: Two Building Total Stories: 2

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
5522 Lexington Avenue, Los Angeles, CA, 90038	$1,500,000	8	--	6,130	6,130 SqFt
5516 Virginia Avenue, Los Angeles, CA, 90038	$3,350,000	21	--	11,550	11,550 SqFt
5412 Barton Avenue, Los Angeles, CA, 90038	$995,000	2	1	1,368	1,368 SqFt
5416 Barton Avenue, Los Angeles, CA, 90038	$800,000	3	1	1,615	1,615 SqFt
5436 Romaine Street, Los Angeles, CA, 90038	$3,699,999	21	--	9,437	9,437 SqFt
5640 Santa Monica Boule.., Los Angeles, CA, 90038	$24,000,000	--	--	57,664	57,664 SqFt
5526 Sierra Vista Avenue, Los Angeles, CA, 90038	$1,150,000	6	--	3,275	3,275 SqFt
1059 N Wilton Place, Los Angeles, CA, 90038	$939,000	3	2	1,272	1,272 SqFt
5430 Monroe Street, Los Angeles, CA, 90038	$1,499,000	4	--	2,200	2,200 SqFt
1220 N Van Ness Avenue, Los Angeles, CA, 90038	$1,635,000	11	--	6,480	6,480 SqFt

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ByOwner last updated this listing 06/17/2026 @ 12:50

MLS: 26835889 LISTED BY: Max Lee, Real Broker 619-663-8680 SOURCE: CRMLS