5836 La Mirada Avenue, Los Angeles, California 90038, Los Angeles, 90038 - 3 bed, 2 bath
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5836 La Mirada Avenue
Los Angeles, California 90038
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,628Sq Ft
7,499Lot Size
Property Price
LIST PRICE$1,195,000
EST. MARKET VALUE
$1,262,589
5% BelowMARKET VALUE
SUMMARY
This 1920s residence represents a High-Potential Investment Opportunity, listed at a List Price of $1,195,000—positioned well below the $1,218,570 Fair Market Value by 2%. With a Condition Rating of 4, the property offers $23,570 in Instant Equity. Featuring R3 Zoning on a 7,499 sqft lot, this asset provides significant redevelopment potential in a high-density Hollywood corridor. This is an ideal acquisition for Buy-and-Hold Investors or Developers seeking to leverage the flexible floor plan and expansion capabilities.
Estimated Market Value
$1,262,589+$67,589 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5836 La Mirada Avenue Subject 3 bd · 2 ba · 1,628 sqft · $776 | $1,195,000* List Price | 3 | 2 | 1,628 | $776 | - |
A 5416 Barton Avenue Sold 3 bd · 1 ba · 1,615 sqft · $520 · 0.6 mi | $840,000 | 3 | 1 | 1,615 | $520 | 0.6 mi |
B 1239 N Beachwood Drive Active 4 bd · 2 ba · 1,635 sqft · $911 · 0.3 mi | $1,490,000 List Price | 4 | 2 | 1,635 | $911 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
This 1920s residence is well-maintained and offers immediate livability, but the kitchen and bathrooms feature vintage tiling and cabinetry that appear to be over 20-30 years old. While the original character is preserved, the property is dated and will require interior updates and likely system modernizations to meet current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7499, living area = 1628.
- Development Potential
The property features a generous 7,499 sqft lot with R3 zoning, offering significant opportunities for multi-unit redevelopment, expansion, or ADU additions in a high-density Hollywood corridor.
- Prime Central Location
Situated in the heart of Hollywood near major transit, employment centers, and entertainment, the location ensures strong long-term demand and convenience for both residents and investors.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1920, the home may require substantial updates to its core systems, such as plumbing and electrical, to meet modern standards and efficiency expectations.
- Lack of Views
The property offers no significant views, which may be a competitive disadvantage in a market where hillside or city vistas often command a premium price.
About 5836 La Mirada Avenue
Rare opportunity to acquire one of the last remaining character homes on the block. This well maintained 1920s residence blends original charm, immediate livability, and future potential on an R3 zoned lot in the heart of Hollywood. Situated on a sizable parcel in a highly desirable location near major transit corridors, employment centers, dining, entertainment, and neighborhood amenities, the property offers opportunities for owner users, investors, and developers alike. Original details, vintage character, and a flexible floor plan create a unique residential offering, while the zoning may provide future opportunities for expansion, additional units, redevelopment, or other uses, subject to buyer investigation and governmental approvals. Surrounded by significant redevelopment activity, the property may offer future development potential. Buyers may wish to investigate potential development opportunities, including possible applicability of California SB79 and other state or local housing incentives. Buyer shall independently verify all zoning, land use regulations, development standards, density allowances, incentives, governmental requirements, and suitability for their intended use. The existing residence has been owner occupied for more than 20 years and may offer continued residential or rental use. Alternatively, buyers may explore redevelopment, expansion, ADU potential, or other investment opportunities, subject to their own investigation and approvals. Seller is willing to cooperate, subject to mutual agreement, successful close of escrow, full funding of the purchase price, removal of contingencies, and any required approvals, regarding either * Execution of demolition related documentation. * Relocation of the existing structure for reuse or donation purposes, including potential relocation to a community impacted by wildfire recovery efforts. A rare opportunity to acquire a character filled Hollywood property offering both immediate enjoyment and future possibilities. Buyer shall independently verify all information and suitability for their intended use.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1920
- Lot Size
- 7,499 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,628 | 1,670.836 |
| Lot Size | 7,499 | 6,152.156 |
| Price | $1.20M | $1.34M |
| Price per sq ft | $734 | $807 |
| Built year | 1920 | 1941 |
| HOA | $0 | $238 |
| Days on market | 60 | 56 |
Pricing History
Listed for Sale
Sep 10, 2026
$1,195,000
Initial Listing
Sold
May 13, 2002
$295,000
Public Record