tomo logo

$1,700,000

Beds
9
sq ft
3,884

5633 La Mirada Ave, Los Angeles, CA 90038

5633 La Mirada Ave

Los Angeles, CA 90038

  • <1 day on market
** 1031 EXCHANGE BUYERS, LOOK NO FURTHER.** DON'T WAIT!! OPPORTUNITY/LUCK IS FOR THOSE WHO TAKE IT AND TAKE IT FASTER THAN ANYONE ELSE. LEAST EXPENSE BUILDING IN TOWN. Back unit Completely remodeled and permitted. Whopping 4 bedroom 4 bathroom(possibly to turn into 2 units, (one for top and one for bottom for separate tenants) 1838 Sq ft. CURRENTLY PAYING $4,500.00. BRAND NEW STOVE/OVEN, REFRIGERATOR, WASHER/DRYER, DISWASHER, SPLIT UNIT AIR CONDITIONERS, LARGE BACKYARD WITH SAIL CANOPY FOR PRIVACY. Over 6200 SQFT , R3 zoned Tier 3 in Hollywood, The Property consists of a remodeled duplex in the front with ( 3 bedroom/ 1bathroom)(CURRENTLY VACANT) + (2 bedroom / 1 bathroom) (PAYING $2,250.00 PER MONTH) units totaling 2,046 Sq Feet expected to generate $5,150 a month. Close proximity to SilverLake , Paramount Pictures, Downtown Los Angeles and Hollywood. please do not disturb the tenants. THIS WILL BE A STABLE CASH FLOW COW FOR THOSE WHO NEED 1031 EXCHANGE, LOW MAINTENANCE COSTS (all utilities, including and not limited to water/sewer is being paid by tenants)

Details

Property type

Est. home value

$1,038,511

Lot size

6,284 sq ft

Price per sq ft

$438

Year built

1915

HOA

No

Price History

11/19/2024
CLAW

CLAW #24465121

Listed
$1,700,000
07/30/2024
CLAW

CLAW #24375593

Removed
$1,700,000
04/03/2024
CLAW

CLAW #24375593

Listed
$1,700,000
+70%

Schools & Community

Neighborhood: 

Hollywood

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Opes Investments Inc

Loan start date

January 2023

Original loan amount

$800,000

Est. remaining balance

Not provided

Interest rate

6.33%

Loan type

Commercial

Seller

David W Chiao

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/19/2024 at 6:20 PM

Listing updated: 11/19/2024 at 10:00 AM

Listed by: Max Lee, Real Broker Phone #: (619) 663-8680

MLS: CLAW #24465121

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