5603 La Mirada Avenue

Los Angeles, CA 90038

$932,000
Last Sold Price
5
Beds
5
Baths
2,443 Sq. Ft.
$381 / Sq. Ft.
2,443
Sq. Ft.
$381
per Sq. Ft.

Description

Amazing Investment Opportunity! Don't let this 2 Unit cash cow pass you by! Beautiful corner 4 bedroom 4 bathroom house and ADU (with separate meters) in one lot! Phenomenal rental income from 4 rooms (each with their own bathroom), ADU (Studio with 1 bathroom) and 2 bonus rooms that generate great rents! Charming Victorian home with beautifully landscaped pleasant garden areas. Parking space could fit 4 cars. Remodeled kitchen with stainless appliances and lots of cabinets. Upgraded floors. Central...Amazing Investment Opportunity! Don't let this 2 Unit cash cow pass you by! Beautiful corner 4 bedroom 4 bathroom house and ADU (with separate meters) in one lot! Phenomenal rental income from 4 rooms (each with their own bathroom), ADU (Studio with 1 bathroom) and 2 bonus rooms that generate great rents! Charming Victorian home with beautifully landscaped pleasant garden areas. Parking space could fit 4 cars. Remodeled kitchen with stainless appliances and lots of cabinets. Upgraded floors. Central air and heating in the main house and window unit+gas heating in the ADU. Laundry on site. In the heart of Hollywood close to the 101 Freeway, Thai Town, Santa Monica Blvd, Hollywood Walk of Fame, Paramount Studios, Koreatown, shopping, dining and entertainment! Zoned R3. Rents are as follows: Bed 1 = $1,000/mo, Bed 2 = $1,100/mo, Bed 3= $1,000/mo, Bed 4=$1,100/mo, ADU = $1,800/mo, Other = $2,400/month. Bedroom and ADU pics labeled in gallery. Potential to rent more if redeveloped. See Rent Roll.
  1. Listed by Charles Chamorro • DRE #01899704 • Brokerage DRE #01022642 • eXp Realty of California Inc

Property Details for 5603 La Mirada Avenue

Zoning
LAR3
Parcel Number
5536002017
Total Units
2.0
Living Area
2443
Source Living Area
Vendor Enhanced
Area
Hollywood (C20)
Vacancy Rate
3%
Lot Size Area
4988

Location

Listing Courtesy of eXp Realty of California Inc, Charles Chamorro, DRE #01899704

Sold By Keller Williams Realty Los Feliz, Robert Herrick, DRE #02014825

Add your commute
LISTING UPDATED: 09/21/2023 02:50 PM

Property Details for 5603 La Mirada Avenue

StatusSold
MLS #23-239535
Days on Market119
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1903
Lot Size0.11 AC / 4,988 SF
CountyLos Angeles County

Location

Listing Courtesy of eXp Realty of California Inc, Charles Chamorro, DRE #01899704

Sold By Keller Williams Realty Los Feliz, Robert Herrick, DRE #02014825

Add your commute

Building Information for 5603 La Mirada Avenue

Stories-Residences-Year Built1903Building Size-Lot Size0.11 AC / 4,988 SF

Payment Calculator

$5,981 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,086

Property Taxes

$895

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5603 La Mirada Avenue

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: 4+3 & Studio
  • View: Yes
  • View Description: Hills
  • View: Hills
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $100,800
  • Net Operating Income: $70,800.00
  • Gross Income: $100,800
  • Cap Rate: 5.90%
  • Gross Rent Multiplier: $11.90
  • Owner Pays: Electricity, Gardener, Gas, Water, Other
  • Total Annual Expense: 30000
  • Water Expense: $1,800.00
  • Gas Expense: $1,200
  • Electric Expense: $3,600.00
  • Trash Expense: $1,800.00
  • Expense Cable TV: $2,400.00
  • Tax Expense: $10,800
  • Gardener Expense: $2,400
  • Insurance Expense: $6,000
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1145
  • Lot Size Square Feet: 4988
Parking Details
Parking Details
  • Parking Garage: Carport, Driveway - Concrete
  • Total Parking: 4
  • Parking Features: Carport, Concrete
Interior Features
Interior Features
  • Cooling: Central Air
  • Cooling Type: Central, Window Unit(s)
  • Heating: Central
  • Heating Type: Central, Wall Gas
  • Equipment: Dishwasher, Microwave, Range/Oven, Refrigerator
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Accessory Dwelling Unit, GuestHouse
Lease Terms
Lease Terms
  • Entry Date: 02-06-2023
Unit Details
Unit 1 Information
  • Unit Beds: 4
  • Unit Baths: 4
  • Unit Furnished: No
  • Unit Rent: $4,200.00
  • Unit Actual Rent: $4,200.00
  • Unit Projected Rent: $7,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,800.00
  • Unit Actual Rent: $1,800.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 0
  • Unit Baths: 0
  • Unit Furnished: No
  • Unit Rent: $1,200.00
  • Unit Actual Rent: $1,200.00
  • Unit Projected Rent: $1,500.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $152,882.00
  • Assessed Improvement Percent: 17.91
  • Assessed Land Value: $700,689.00
  • Assessed Land Percent: 82.09
  • Assessed Total Value: $853,571.00

Property History for 5603 La Mirada Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5603 La Mirada Avenue

Taxable ValueLand$714,702Additions$155,939Total$870,641
Tax Record2023$10,740 ($895 / month)
Home Facts
Total Finished SqFt2,443 SqFtAbove Grade Finished SqFt2,443 SqFtLot Size4,988 SqFtStyleDuplexYear Built1903ZoningLAR3CountyLOS ANGELESAPN5536-002-017

Schools near 5603 La Mirada Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Charter - K to 6
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Joseph Le Conte Middle School
Public6 to 8

Helen Bernstein High School
Public9 to 12

STEM Academy at Bernstein High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty of California Inc, Charles Chamorro, DRE #01899704

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.