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6416 La Mirada Ave, Los Angeles, CA 90038
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6416 La Mirada Ave Los Angeles, CA 90038

$2,200,000
  • 6 Beds
  • 5.75 Baths
  • 4,790 Sq.Ft.
For Sale
$2,200,000 Get Pre-Qualified
Map preview of 6416 La Mirada Ave, Los Angeles, CA 90038

Property Overview: 6416 La Mirada Ave Los Angeles, CA has 6 bedrooms, 5.75 bathrooms, 4,790 living square feet and 6,979 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: The Spanish buildings, situated in the heart of Hollywood, surrounded with many new high rises and CNN iconic building. The property is adjacent to the 6412 La Mirada with separate APN number and must be sold and close concurrently. The opportunities are endless. From ADUs to new constructions with high densities or simply hold as an investment portfolio. These properties carrying good mix units; the 6410 is consist of 3+2, 2+1, 1+1, 1+1 (offering at $1.8 Mil) and the 6416 is consist of 2+2 1/2, 1+1, 1+1. 1+1, 1+1. Fully occupied and lease are M to M, with exception of 1 unit. 60% upside in rent. Separate meters for Gas and electricity; each unit has its own water heater. some units have washer/dyers or just a hook-up. One of the seller is DRE licensees and has the first right of refusal. Buyer must cooperate with seller's 1031 exchange at no coast to buyer. Measurements are estimated, buyers to investigate and verify the measurements, potential future developments, city ordinance, permits requirements and relay on his/hers own source for the accuracies thereto. some seismic work was done on one of the building. Broker, agent and sellers will not be responsible for any discrepancies. Do not disturb the tenants, they are not aware of the sales. Showing by appointment only and upon acceptance of an offer. The properties being sold in AS IS condition with NO SELLERS' WARRANTY and/or repairs. Sellers will select the service.

Listed by Gus Shekofte | BRE #01141576 | Beverly and Company
Last checked: 5 minutes ago | Last updated: February 20th, 2024 | Source CRMLS | DOM: 56
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Home details

Lot Sq. Ft
6,979
HOA Dues
$0/mo
Year built
1921
Garage
5 Car
Property Type:
Apartment
Status
Active
MLS#
SR24029762
City
Los Angeles
County
Los Angeles
Time on Site
71 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 2
  • # of Leased Units: 5
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,245
  • Total Rent: $2,080
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,040
  • Total Rent: $2,040
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,214
  • Total Rent: $1,214
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,550
  • Total Rent: $1,550
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 3
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,400
  • Total Rent: $3,400
  • Pro Forma/Market Rent: $4,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.08%
  • Gross Rent Multiplier: 16.2
  • Gross Scheduled Income: $135,708
  • Net Operating Income: $89,806
  • Gross Operating Income: $131,637
  • Vacancy Allowance: $4,071
  • # of Rented Garages: 5
  • Garage Rental Income: $975
Annual Expense Breakdown
  • Total Operating Expense: $41,831
  • Trash: $5,160
  • Insurance: $3,910
  • Professional Management: $1,020
  • Water/Sewer: $1,800

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Property Details for 6416 La Mirada Ave

Interior Features
Heating Information
  • Has Heating
  • Natural Gas, Wall Furnace
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Individual Room, Inside, Washer Hookup
Fireplace Information
  • Has Fireplace
  • Bath, Kitchen, Library, Patio, Electric, Gas
Room Information
  • Flooring: Laminate, Wood
Kitchen Information
  • Has Appliances
  • Convection Oven, Gas Oven, Gas Water Heater
Interior Features
  • Balcony, Copper Plumbing Partial, High Ceilings
  • Levels: Two
  • Window Features: Screens
  • Door Features: Mirror Closet Door(s), Panel Doors, Sliding Doors
Exterior Features
Exterior Information
  • Roof: Asphalt, Flat
  • No Fence
  • None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 5
  • # of Parking Spaces: 10
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: Rectangular Lot
  • Lot Size Source: Assessor
  • Common Interest: Planned Development
Property Information
  • Has View
  • View: Hills
  • Common Walls: No Common Walls
  • Total # of Units: 5
  • Parcel Number: 5533004008
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
  • Accessibility Features: Parking
  • Property Condition: Building Permit
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Assessment Information
  • No Assessments
  • Assessments: None
Location / Neighborhood
Location Information
  • Directions: South of Fountain, East of Cole
Neighborhood Information
  • Community Features: Sidewalks, Storm Drains, Street Lights
View more facts & features

Local Los Angeles Agent

Sale History for 6416 La Mirada Ave

Last sold for $280,000 on December 27th, 2001

  • February, 2024

  • Feb 16, 2024

    Date

    Active

    CRMLS: SR24029762

    $2,200,000

    Price

  • December, 2001

  • Dec 27, 2001

    Date

    Sold (Public Records)

    Public Records

    $280,000

    Price

  • June, 1994

  • Jun 8, 1994

    Date

    Sold (Public Records)

    Public Records

    $260,000

    Price

Show More

Tax History for 6416 La Mirada Ave

Assessed Value (2020): $608,209
Year Land Value Improved Value Assessed Value
2020 $472,776 $135,433 $608,209

Home Value Compared to the Market

This property vs the competition

6416 La Mirada Ave is listed 76.14% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $772 and this home is listed at $459.29 per/sqft which puts the price per square foot 40.51% lower than the median price per square foot for the city of Los Angeles.

About 6416 La Mirada Ave

Detailed summary of property

6416 La Mirada Ave is a apartment located in Los Angeles, CA 90038 and is currently for sale. This apartment offers 6 bedrooms, 5.75 bathrooms, roughly 4,790 living square feet, and sits on an approximately 6,979 square foot lot. 6416 La Mirada Ave was first listed on ArdentRealEstateGroup.com on February 16, 2024. The homeowner is currently asking $2,200,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $772. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 76.14% higher than the median priced home. Local competing homes currently for sale include 806 N Citrus Ave, 6918 Willoughby Ave and 6615 Melrose Ave. While the average home in Los Angeles, CA is selling in 97 days, 6416 La Mirada Ave has a days on market of 56 days. There are currently 3429 homes for sale in the Los Angeles real estate market and 2324 of them are single family homes while 1008 of them are condos and 91 are townhomes. For more information on this home for sale at 6416 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 6416 La Mirada Ave

Public county record property details
Beds
7
Baths
5
Year built
1921
Sq. Ft.
4,808
Lot Size
6,976
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
27
APN
5533-004-008

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
$1,375,000
Median List Price/Sq.Ft.
$714
Median Sold Price
$1,110,000
Median Sold Price/Sq.Ft.
$629
Total Inventory
39
Median Sale to List Price %
94.87%
Avg Days on Market
34
Loan Type
Conventional (33.33%), FHA (0%), VA (0%), Cash (33.33%), Other (0%)

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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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