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5531 La Mirada Avenue
USD 4,950,000
Property ID: 25523905
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5531 La Mirada Avenue ,90038
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icon 5873 SqFt
icon Built in 2018
icon USD 843/SqFt
icon 20 Beds
icon 11 Full
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Location
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Interior Details
Bedrooms
20
Bathrooms
11
Interior Size
10499
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 2018
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Detailed Introduction Of This Home
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!
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Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
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Contact Development/Agent
icon
Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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Photos (23)
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5531 La Mirada Avenue
USD 4,950,000 20 Beds
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