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5531 La Mirada Avenue

Los Angeles, CA 90038

– beds
– baths
– sqft
5,873 sqft lot
2018 build
15 days on site

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!

Listed By CRMLS_CA / Christian Crane / Nest Seekers

Last checked: Checking… • Last updated Apr 21, 2025 •

MLS# 25523905 —

The Building

Year Built:

2018
Year Built Source:

Assessor
New Construction:

No
Building Area Total:

10499.00
Total Number Of Units:

11
# of Buildings:

1
Stories Total:

4

Interior

Levels:

Multi/Split
Flooring:

Wood
Laundry:

Washer Included, Dryer Included
Laundry:

1

Location

Directions:

Between Sunset Blvd and Santa Monica Blvd near Western ave.
Latitude:

34.09397400
Longitude:

-118.31054500

The Property

Property Type:

Residential Income
Zoning:

LAR3
Lot Size Area:

5873.0000
Lot Size Acres:

0.1348
Lot Size SqFt:

5873.00
Lot Size Source:

Assessor
Security Features:

Gated Community

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5536003018

Heating & Cooling

Heating:

1
Heating:

Central
Cooling:

Yes
Cooling:

Central Air

Appliances

Appliances:

Dishwasher, Disposal, Microwave, Refrigerator, Gas Cooktop, Oven, Gas Oven
Included:

Yes

The Community

Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No
Spa Features:

None
Assessments:

No

Parking

Parking:

Yes
Parking:

Assigned
Parking Spaces:

20.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
4/13/25 Apr 13, 2025	Listed / Active	CRMLS_CA	$4,950,000

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This multifamily located in Central LA, Los Angeles, CA 90038 is currently for sale for $4,950,000. 5531 La Mirada Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 15 days. 5531 La Mirada Avenue is in the Central LA neighborhood of Los Angeles and has a WalkScore® of 90, making it very walkable. This multifamily is in the attendance area of Santa Monica Boulevard Community Charter School.

Listing Courtesy of: CRMLS_CA and Nest Seekers. Based on information from California Regional Multiple Listing Service, Inc. as of 20:28 on Apr 28.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.