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5603 La Mirada Ave, Los Angeles, CA 90038
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5603 La Mirada Ave Los Angeles, CA 90038

$932,000 Sold Price as of 09/21/2023
  • 4 Beds
  • 5 Baths
  • 2,443 Sq.Ft.
Sold
$932,000 Sold Price as of 09/21/2023 Refinance Your Mortgage
Map preview of 5603 La Mirada Ave, Los Angeles, CA 90038

Property Overview: 5603 La Mirada Ave Los Angeles, CA has 4 bedrooms, 5 bathrooms, 2,443 living square feet and 4,988 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Charles Chamorro | BRE #01899704 | eXp Realty of California Inc
Last checked: 11 seconds ago | Last updated: September 21st, 2023 | Source CRMLS | DOM: 119

Home details

Lot Sq. Ft
4,988
HOA Dues
$0/mo
Year built
1903
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23239535
City
Los Angeles
County
Los Angeles
Time on Site
468 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 4
  • Furnishing: Unfurnished
  • Actual Rent: $4,200
  • Total Rent: $4,200
  • Pro Forma/Market Rent: $7,000
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,800
  • Total Rent: $1,800
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 0
  • # of Baths: 0
  • Furnishing: Unfurnished
  • Actual Rent: $1,200
  • Total Rent: $1,200
  • Pro Forma/Market Rent: $1,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.9%
  • Gross Rent Multiplier: 11.9
  • Gross Scheduled Income: --
  • Net Operating Income: $70,800
  • Gross Operating Income: $100,800
Annual Expense Breakdown
  • Total Operating Expense: --
  • Electric: $3,600
  • New Taxes: $10,800
  • Trash: $1,800
  • Gardener: $2,400
  • Insurance: $6,000
  • Water/Sewer: $1,800

Property Details for 5603 La Mirada Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Kitchen Information
  • Has Appliances
  • Dishwasher, Microwave, Refrigerator
Exterior Features
Exterior Information
  • Other Structures: Guest House
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Carport, Concrete
Property Information
  • Has View
  • View: Hills
  • Total # of Units: 2
  • Parcel Number: 5536002017
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Cross Street La Mirada Ave and N St Andrews Pl. Northwest Corner.
View more facts & features

Local Los Angeles Agent

Sale History for 5603 La Mirada Ave

Last sold for $932,000 on September 21st, 2023

  • September, 2023

  • Sep 21, 2023

    Date

    Sold

    CRMLS: 23239535

    $932,000

    Price

  • Feb 6, 2023

    Date

    Active

    CRMLS: 23239535

    $1,200,000

    Price

  • September, 2020

  • Sep 30, 2020

    Date

    Canceled

    CRMLS: 20595326

    $999,000

    Price

  • Jun 30, 2020

    Date

    Active

    CRMLS: 20595326

    $999,000

    Price

  • Listing provided courtesy of CRMLS

    Incredible opportunity in the heart of Hollywood. Live in one unit and collect rent from the other or lease both houses in this red hot rental market. Classic Craftsman house that has been optimized for today's rental market demands with a detached unit in rear of property. Corner property zoned R3 TOC tier 3 and located in an opportunity zone offers great development opportunity!

  • September, 2019

  • Sep 13, 2019

    Date

    Canceled

    CRMLS: SR19128040

    $1,375,000

    Price

  • Jun 1, 2019

    Date

    Active

    CRMLS: SR19128040

    $1,375,000

    Price

  • Listing provided courtesy of CRMLS

    Motivated Seller! This is a great development and investment opportunity to buy a duplex in a fast growing area in prime Hollywood. This property is in a corner lot and has the potential for multi-unit new built or rehab it and make it into your dream home. This 4 bedroom Victorian style home with a separate detached unit, separate meters, R3 zoning and ample parking spaces. Some upgrades were done to the main house. Don't miss this incredible opportunity!

  • May, 2019

  • May 6, 2019

    Date

    Canceled

    CRMLS: PW18155707

    $1,555,000

    Price

  • Aug 28, 2018

    Date

    Active

    CRMLS: PW18155707

    $1,555,000

    Price

  • Listing provided courtesy of CRMLS

    Location, location, location! Checkout this amazing property in the heart of Hollywood, nestled in a rapidly growing community which seems to be building up all around. A stunning home built with care and very well maintained as it has been owner and family occupied for several years. This fantastic property for is suited for any home buyer. Investors especially will appreciate the highly favorable R3 zoning in addition to its outstanding location. This is a corner property that is completely gated and reinforced with privacy hedges and trees as well. Main house with 3 bedroom and 2 bath and two additional units with 2 bedroom and 1 bath. All units are currently rented and well maintained. Buyer and buyer's agent to verify permits and zoning. Property has convenient access to the 101 freeway on-ramps both North and South of the property that are just minutes away, but tucked in a quiet neighborhood away from the noise. The Hollywood sign a prominent feature from the second story and you can only imagine what a stunning feature it would make from a third or fourth story, maybe even a roof top deck? A large variety of boutiques, shops, and markets are in walking distance away along without public transportation hubs. The surrounding community has pre-schools, community, public, charter, and private as well all rated very high. In addition the community has several well-kept parks as well, theaters, churches, food spots and much more! Don’t miss this opportunity!

  • January, 2018

  • Jan 1, 2018

    Date

    Expired

    CRMLS: PW15137733

    $1,099,000

    Price

  • Feb 5, 2016

    Date

    Price Change

    CRMLS: PW15137733

    $1,099,000

    Price

  • Jun 25, 2015

    Date

    Price Change

    CRMLS: PW15137733

    $999,000

    Price

  • Listing provided courtesy of CRMLS

    If you are looking for a property with great potential in an outstanding location; look no further. This La Mirada Ave multi-unit property is an amazing property in a great area of Hollywood. This is a corner property that is completely gated and reinforced with privacy hedges and trees as well. The property offers both garage and driveway parking. Currently the property consists of three units and has been 100 percent occupied for the last 52-months.

  • December, 2006

  • Dec 29, 2006

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • November, 2005

  • Nov 29, 2005

    Date

    Sold (Public Records)

    Public Records

    $610,000

    Price

Show More

Tax History for 5603 La Mirada Ave

Assessed Value (2020): $828,256
Year Land Value Improved Value Assessed Value
2020 $679,907 $148,349 $828,256

Home Value Compared to the Market

This property vs the competition

5603 La Mirada Ave sold on September 21, 2023 for 0.84% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $491.2 per/sqft which puts the price per square foot 34.94% lower than the current median sale per square foot for the city of Los Angeles.

About 5603 La Mirada Ave

Detailed summary of property

5603 La Mirada Ave is a multi family that recently sold in Los Angeles, CA 90038. This multi family property offered 4 bedrooms, 5 bathrooms, roughly 2,443 living square feet, and sits on an approximately 4,988 square foot lot. 5603 La Mirada Ave was first listed on ArdentRealEstateGroup.com on February 7, 2023. The homeowner sold the property for $932,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 0.84% higher than the current median priced home. Local homes that are currently for sale include 235 Crandall St, 1156 Fedora St and 2305 W 2nd St. While the average home in Los Angeles, CA is selling in 92 days, 5603 La Mirada Ave has a days on market of 119 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 5603 La Mirada Ave Los Angeles, CA 90038 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 5603 La Mirada Ave

Public county record property details
Beds
4
Baths
3
Year built
1903
Sq. Ft.
2,443
Lot Size
4,987
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
18
APN
5536-002-017

The source for these homes facts are from public records.

90038 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,299,000
Median List Price/Sq.Ft.
$696
Median Sold Price
$715,000
Median Sold Price/Sq.Ft.
$659
Total Inventory
40
Median Sale to List Price %
79.44%
Avg Days on Market
17
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (50%), Other (0%)

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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