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5633 La Mirada Avenue

Los Angeles, CA 90038
Mark as Favorite
Bed 9

Bed

Bath 6

Bath

SqFt3,884

Sqft

SqFt6,284

Sqft(Lot)

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 t ax 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."

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,499,000

AD Id : 85156955

MLS Id : 26849377

Beds : 9

Lot Size : 6,284 Sqft

Living Area Size : 3,884

Year Built : 1915

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total beds: 9

    Bathroom Information

    Total Baths: 6
  • Interior Features

    CeilingFans
    Appliances: Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer
  • Heating & Cooling

    Has Heating: Yes Heating: Combination

  • Building Information

    Year Built: 1915
    Building Area Total: 3884
    Stories: 2
    Private Pool: No

  • Lot Information

    Main Square Feet: 6284 Lot Size Acres: 0.1443 Lot Size Square Feet: 6,284

  • Listing Price Information

    Listing Price: $1499000

  • Tax Information

    Parcel Number: 5536002010

  • Location Information

    Direction: North of Santa Monica, South of Fountain, Between Wilton, and St Andrews pl.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
5516 Virginia Avenue, Los Angeles, CA, 90038 $3,350,000 21 -- 11,550 11,550 SqFt
5540 Lexington Avenue, Los Angeles, CA, 90038 $2,225,000 8 -- 5,334 5,334 SqFt
1162 N St Andrews Place, Los Angeles, CA, 90038 $1,425,000 4 -- 3,024 3,024 SqFt
5436 Romaine Street, Los Angeles, CA, 90038 $3,699,999 21 21 9,437 9,437 SqFt
5640 Santa Monica Boule.., Los Angeles, CA, 90038 $24,000,000 -- -- 57,664 57,664 SqFt
5732 Lexington Avenue, Los Angeles, CA, 90038 $1,849,000 8 8 6,652 6,652 SqFt
1059 N Wilton Place, Los Angeles, CA, 90038 $939,000 3 2 1,272 1,272 SqFt
1032 N Ridgewood Place, Los Angeles, CA, 90038 $1,100,000 4 -- 1,744 1,744 SqFt
5802 Lexington Avenue, Los Angeles, CA, 90038 $1,199,000 3 2 1,340 1,340 SqFt
5828 Lexington Avenue, Los Angeles, CA, 90038 $1,095,000 9 -- 3,870 3,870 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 08/04/2026 @ 04:53

MLS: 26849377 LISTED BY: Max Lee, Real Broker 619-663-8680 SOURCE: CRMLS

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