$4,950,000

5531 La Mirada Ave , Los Angeles, CA 90038

 
Bedrooms:20 beds
Bathrooms:0 baths
(None specified):10,499 sqft
Lot:0.13
Year Built:2018
Listing Status:Active

Listing Agent

Christian Crane
http://www.nestseekers.com
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We cannot obtain a street view for this location. Please See Google Maps for any possible street views and other mapping views.
Loan Amount:
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Monthly tax: $
Total Payment:$

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Description

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!

Detailed Items

Other Information

5531 La Mirada Ave, Los Angeles, CA, 90038 is a (none specified) listing of 10,499 sqft on a lot of 0.13. This (none specified) listing has 20 bedrooms, and 0 baths. The map for this location can be viewed on Google maps at Google maps to property5531 La Mirada Ave, Los Angeles, CA
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