5806 La Mirada Ave Los Angeles, CA 90038

$--

8 Beds
8 Baths
5,481 Sq.Ft.

Off Market

Map preview of 5806 La Mirada Ave, Los Angeles, CA 90038

Property Overview: 5806 La Mirada Ave Los Angeles, CA has 8 bedrooms, 8 bathrooms, 5,481 living square feet and 7,500 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

5806 La Mirada Ave is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,250,000. The median price per/sqft for Los Angeles is $777. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $250,000 for the down payment and will need roughly $25,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $59,500. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 5806 La Mirada Ave

Last sold on December 2nd, 2009

February, 2023
Feb 1, 2023

Date

Expired

CRMLS: 22151119

$2,025,000

Price
Mar 25, 2022

Date

Active

CRMLS: 22151119

$2,095,000

Price
Listing provided courtesy of CRMLS

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.

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April, 2021
Apr 30, 2021

Date

Expired

CRMLS: 21676372

$1,850,000

Price
Apr 5, 2021

Date

Withdrawn

CRMLS: 21676372

$1,850,000

Price
Feb 10, 2021

Date

Active

CRMLS: 21676372

$1,850,000

Price
Jan 26, 2021

Date

Pending

CRMLS: 21676372

$1,850,000

Price
Jan 6, 2021

Date

Active

CRMLS: 21676372

$1,850,000

Price
Listing provided courtesy of CRMLS

4.14% CAP Rate on in Place Rents and Over 35% Rental Upside Potential, 5806 La Mirada is a unique value add property for sale in the heart of Hollywood! 5806 La Mirada is an eight (8) unit apartment building with all 1Bedroom/1Bath Units. All the units are individually metered for gas & electric. Unit number 2 is currently Vacant and will be delivered vacant upon COE. Out of the eight total units, six of the occupied renters are currently Section 8 renters making this investment a strong safety net against concerns of tenants inability to pay rent due to COVID-19 complications. This is a very low maintenance property with minor operating expenses. There is a laundry facility on-site for additional income that is currently being leased by the landlord. This property is fully parked with (8) total parking spaces - making this property very valuable as historically, most properties in Hollywood are severely under parked. No Soft Story Retrofit Requirements.

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December, 2009
Dec 2, 2009

Date

Sold (Public Records)

Public Records

--

Price
January, 2004
Jan 14, 2004

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 5806 La Mirada Ave

Assessed Value (2020): $871,022

Year	Land Value	Improved Value	Assessed Value
2020	$520,015	$351,007	$871,022

About 5806 La Mirada Ave

Detailed summary of property

5806 La Mirada Ave is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90038 and is currently off market. This property has 8 bedrooms, 8 bathrooms, roughly 5,481 living square feet, and sits on an approximately 7,500 square foot lot. Homes in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Local nearby listings include 6012 Carlton Way, 6021 Romaine St and 746 N Ridgewood Pl. The average home in Los Angeles, CA is selling in 92 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. If you are the homeowner and looking to sell the home at 5806 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 5806 La Mirada Ave

Public county record property details

Beds: 8
Baths: 8
Year built: 1954
Sq. Ft.: 5,481
Lot Size: 7,500
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 134
APN: 5534-019-017

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.

$703

Median Sold Price

$715,000

Median Sold Price/Sq.Ft.

$659

Total Inventory

Median Sale to List Price %

79.44%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (50%), Other (0%)

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(714) 706-1823

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