6416 La Mirada Avenue

Los Angeles, CA 90038

$1,800,000
Price
6
Beds
7
Baths
4,790 Sq. Ft.
$376 / Sq. Ft.
4,790
Sq. Ft.
$376
per Sq. Ft.

Description

2nd price reduction. 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 6410 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 $1.6 Mil, with second price...2nd price reduction. 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 6410 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 $1.6 Mil, with second price was reduction) and the 6416 is consist of 2+2 1/2, 1+1, 1+1. 1+1, 1+1. All units are occupied except 3+2 unit. Leases are M to M. 40% 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. 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. Neighboring Larchmont Village, Hancock Park, Los Feliz, West Hollywood, La Brea, and Koreantown 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.
  1. Listed by Gus Shekofte • DRE #01141576 • Brokerage DRE #02078273 • Beverly and Company

Property Details for 6416 La Mirada Avenue

View
Hills
Parking Spaces Total
10
Private Pool
No
Total Units
5.0
Building Type
Detached
Lot Size Source
Assessor
Lot Size Dimensions
50 X 139.9
Living Area
4790
LISTING UPDATED: 12/04/2024 03:22 PM

Property Details for 6416 La Mirada Avenue

StatusActive
MLS #SR24029762
Days on Market318
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1921
CountyLos Angeles County

Building Information for 6416 La Mirada Avenue

Building/Complex6416 La Mirada AveFloor-Stories2Residences-Pet Policy-Year Built1921Building Size-

Property Information for 6416 La Mirada Avenue

Rental Info
Rental Info
  • Tenant Pays: Cable TV, Electricity, Gas, Telephone
Income / Expense / Tax Details
Income Details
  • Gross Income: $11,700
  • Gross Scheduled Income: $135,708
  • Vacancy Allowance: 4071
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $131,637
  • Net Operating Income: $89,806
  • Number Of Rented Garages: 5
  • Garage Income: $975
  • Gross Multiplier: 16.2
  • Cap Rate: 4.08
Expense Details
  • Operating Expense: $41,831
  • Operating Expense Percent: 31.77%
  • Insurance Expense: $3,910
  • Professional Management Expense: $1,020
  • Trash Expense: $5,160
  • Water Sewer Expense: $1,800
  • Total Expenses: $7,980
Tax / Assessment Info
  • Tax Tract Number: 3541
  • Tax Census Tract: 1908.02
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 27
Community / Development
Community / Development
  • Accessibility Features: Parking
  • Disability Access: Other Main Level Modifications
  • Assessments YN: No
  • Assessments: None
  • Community Features: Sidewalks, Storm Drains, Street Lights
Property / Structure Info
Interior Features
  • Appliances: Convection Oven, Gas Oven, Gas Water Heater
  • Equipment: Gas Dryer Hookup, Inside, Room, Washer Hookup
  • Interior Features: Balcony, Copper Plumbing Partial, High Ceilings
  • Water Heater Features: Gas
  • Water Heater Type: Gas
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Individual Room, Inside, Washer Hookup
  • Fireplace Features: Bath, Kitchen, Library, Patio, Electric, Gas
  • Fireplace Rooms: Bath, Electric, Gas, Kitchen, Library, Patio
  • Heating Type: Natural Gas, Wall
  • Heat Source: Natural Gas
  • Heating: Natural Gas, Wall Furnace
  • Flooring: Laminate, Wood
Exterior Features
  • Door Features: Mirror Closet Door(s), Panel Doors, Sliding Doors
  • Window Features: Screens
  • Roof: Asphalt, Flat
  • Entry Location: Drive way
  • Fence: No
  • Fence: None
  • Fencing: None
  • Property Condition: Building Permit
  • View Description: Hills
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Rectangular Lot
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Electricity - On Property, Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 5
  • Parking: Yes
  • Parking Garage: Assigned
  • Uncovered Spaces: 5
  • Open Other Spaces Total: 5
  • Parking Garage Spaces: 5
  • Carport Spaces: 0
  • Parking Features: Assigned
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,245
  • Unit Type Total Rent: $2,080
  • Unit Type Pro Forma: 2700
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,040
  • Unit Type Total Rent: $2,040
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,214
  • Unit Type Total Rent: $1,214
  • Unit Type Pro Forma: 1750
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,550
  • Unit Type Total Rent: $1,550
  • Unit Type Pro Forma: 1750
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $3,400
  • Unit Type Total Rent: $3,400
  • Unit Type Pro Forma: 4000
  • Unit Type Type: 5
Unit Information
  • Number Of Units Leased: 5
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number With Refrigerator: 5
  • Number With Patio: 1

Property History for 6416 La Mirada Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 6416 La Mirada Avenue

Taxable ValueLand$506,909Additions$145,184Total$652,093
Tax Record2024$8,889 ($741 / month)
Home Facts
Total Finished SqFt4,808 SqFtAbove Grade Finished SqFt4,808 SqFtLot Size6,977 SqFtStyleMulti-Family Res (5+ Units)Year Built1921ZoningLARD1.5CountyLOS ANGELESAPN5533-004-008

Schools near 6416 La Mirada Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Vine Street Elementary School
Public - K to 6
Hubert Howe Bancroft Middle School
Public - 6 to 8
Hollywood Senior High School
Public - 9 to 12
Selma Avenue Elementary School
Public - K to 5
Rating
School
Distance
Vine Street Elementary School
PublicK to 6

Hubert Howe Bancroft Middle School
Public6 to 8

Hollywood Senior High School
Public9 to 12

Selma Avenue Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 6416 La Mirada Avenue, Los Angeles, CA 90038

6416 La Mirada Avenue is a multi-family home for sale in Los Angeles, CA 90038. This property was listed for sale on February 12, 2024 by Beverly and Company, it's currently listed at $1,800,000. It has been on the market for a total of 318 days and was last sold on December 27, 2001. This listing's school district is Los Angeles Unified School District. Nearby schools include Vine Street Elementary School, Hubert Howe Bancroft Middle School and Hollywood Senior High School. 6416 La Mirada Avenue is a 6-bed, 7-bath, 4,790 sqft multi-family home built in 1921.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Beverly and Company, Gus Shekofte, DRE #01141576

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.