1433 Miramar St
Los Angeles, CA 90026
VALUE ADD 24 UNIT DOWNTOWN LOS ANGELES · Multifamily Property For Sale
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24 Units
Property Facts
| No. Units | 24 | Building Size | 10,814 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1949/2016 |
| Building Class | B | Parking Ratio | 1.94/1,000 SF |
| Lot Size | 0.30 AC | ||
| Zoning | LACW | ||
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.30 AC |
| Building Size | 10,814 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1949/2016 |
| Parking Ratio | 1.94/1,000 SF |
| Zoning | LACW |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Microwave
- Heating
- Ceiling Fans
- Tile Floors
- Hardwood Floors
- Refrigerator
- Oven
- Wi-Fi
Site Amenities
- Controlled Access
- Laundry Facilities
- Property Manager on Site
- Public Transportation
About 1433 MIRAMAR ST , LOS ANGELES, CA 90026
SEE ATTACHED OFFERING MEMORANDUM AND DRONE VIDEO! SEE ATTACHED OFFERING MEMORANDUM AND DRONE VIDEO! OPPORTUNITY KNOCKS LOUDLY AT 1433 MIRAMAR STREET, A 24-UNIT VALUE-ADD/DEVELOPMENT PROPERTY LOCATED IN LOS ANGELES' DENSE AND GENTRIFYING WESTLAKE NEIGHBORHOOD. SITUATED BETWEEN LOS ANGELES' MOST TRENDY AND RAPIDLY EVOLVING AREAS, WESTLAKE IS POISED TO BE THE NEXT MAJOR SCENE OF REVITALIZATION.THE PROPERTY CONSISTS OF 18 STUDIOS AND 6 ONE-BEDROOM UNITS TOTALING 10,814 SQUARE FEET, AND FEATURES 21 PARKING SPACES(4 NON-PERMITTED). THE PROPERTY SITS ON A 12,941-SQUARE FOOT DOUBLE LOT WITH LACW ZONING, PROVIDING A DEVELOPER THE ABILITY TO BUILD TO A HEIGHT OF 75 FEET(BUYER IS REQUIRED TO CONDUCT HIS/HER OWN INVESTIGATIONS). OVER $500,000 HAS BEEN INVESTED IN THE PROPERTY TO FULLY GUT AND REMODEL 10 OF THE UNITS; CONTINUED RENOVATIONS ON THE REMAINING UNITS, OFFER AN INVESTOR THE POTENTIAL TO INCREASE ANNUAL GROSS INCOME BY ALMOST $120,000 ANNUALLY.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 18 | $1,410 | 400 |
| 1+1 | 6 | $1,610 | 600 |
Property Taxes
| Parcel Number | 5153-029-012 | Improvements Assessment | $3,274,209 |
| Land Assessment | $1,909,954 | Total Assessment | $5,184,163 |
Property Taxes
