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5633 La Mirada Ave

3 Unit Block of Flats £1,362,550 (£454,183/Unit) 5.22% Net Initial Yield Los Angeles, CA 90038

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Investment Highlights

Close approximity to Netflex - Hollywood
Quite Street

Next to 101 Fwy

Executive Summary

Back unit Completely remodeled and permitted. Whopping 4 bedroom 4 bathroom(possibly to turn into 2 units, (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. Over 6200 SQFT , R3 zoned Tier 3 in Hollywood, 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 $4500 a month. Close proximity to Silver Lake , Paramount Pictures , Downtown Los Angeles and Hollywood. The Front unit is currently tenant occupied, please do not disturb the tenants. THIS WILL BE A STABLE CASH COW FOR THOSE WHO NEED 1031 EXCHANGE, LOW MAINTENANCE COSTS.

OM - 5633 La Mirada Ave. LA, CA

Property Facts

Price	£1,362,550	Building Class	C
Price Per Unit	£454,183	Lot Size	0.17 AC
Sale Type	Investment	Building Size	3,884 SF
Net Initial Yield	5.22%	Average Occupancy	100%
Gross Rent Multiplier	15.74	Number of Floors	2
No. Units	3	Year Built	1915
Property Type	Residential	Parking Ratio	1.03/1,000 SF
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£1,362,550
Price Per Unit	£454,183
Sale Type	Investment
Net Initial Yield	5.22%
Gross Rent Multiplier	15.74
No. Units	3
Property Type	Residential
Property Subtype	Apartment
Building Class	C
Lot Size	0.17 AC
Building Size	3,884 SF
Average Occupancy	100%
Number of Floors	2
Year Built	1915
Parking Ratio	1.03/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.