5806 LA MIRADA AVE, LOS ANGELES, CA, 90038

5806 LA MIRADA AVE
LOS ANGELES CA 90038

Property

Ownership: For Sale
Bedrooms: 8 BR
Bathrooms: 8
Pets: Pets Unknown
Area: 7501 sq ft
Lot Size: 0.17 Acres

Financials

Price: $2,025,000
271 North Canon Drive Beverly Hills, CA 90210
Courtesy of Matthews Real Estate Investment Services

Description

Over 44% Upside!!! Originally built in 1954, the two-story garden style property consists of eight (8) one-bedroom and one-bathroom units. Six of the eight units are occupied by Section 8 tenants which adds a strong safety net against the current Rent Moratorium that's in place for financial hardships due to Covid-19. One unit is currently vacant and will not be rented which will allow investors to capitalize on market rents. The roof on La Mirada was replaced in 2019. La Mirada also features an on-site laundry facility, and gas & electricity are separately metered. Opportunity to convert the covered parking in to an ADU. No Soft Story Retrofit Requirements.

Neighborhood

More listings:

5806 LA MIRADA AVE Hancock Park LA

Description

Over 44% Upside!!! Originally built in 1954, the two-story garden style property consists of eight (8) one-bedroom and one-bathroom units. Six of the eight units are occupied by Section 8 tenants which adds a strong safety net against the current Rent Moratorium that's in place for financial hardships due to Covid-19. One unit is currently vacant and will not be rented which will allow investors to capitalize on market rents. The roof on La Mirada was replaced in 2019. La Mirada also features an on-site laundry facility, and gas & electricity are separately metered. Opportunity to convert the covered parking in to an ADU. No Soft Story Retrofit Requirements.

Neighborhood

More listings:

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