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1822 Miramar St 7 Unit Apartment Building $1,375,000 ($196,429/Unit) 6.10% Cap Rate Los Angeles, CA 90057
Investment Highlights
- Development Potential LAR3, 19 units by right. TOC Tier 1, 29 units!
- Large 15,360 SF Lot Zoned LAR3 at $90/SF!
- Individually Metered Units!
- SFR/Bungalow Delivered Vacant!
- Gated Parking!
- Excellent Curb Appeal with a Well-Manicured Lawn and Pride of Ownership Throughout!
Executive Summary
Total Realty Group is proud to present!
1822-1830 Miramar St consists of three buildings. A 4 bedroom + 2 bathroom + den SFR. A duplex with 2 bedroom + 1 bathroom units and a fourplex with 1 bedroom + 1 bathroom
units. The combined buildings total 5,088 SF on a large 15,360 SF lot zoned LAR3. The units are individually metered for gas, electricity and trash. There is a large rear parking area
with 7 plus parking spaces and area for potential development/ADU. Development Potential LAR3, 19 units by right. TOC Tier 1, 29 units. Buyer to verify. High Walk Score of 92!
Strategically located minutes from Downtown Los Angeles, Koreatown, and Echo Park, the asset provides tenants with convenient access to employment centers, transit corridors,
and neighborhood retail. The property’s infill location and high land value support long-term appreciation, while replacement costs continue to rise across Los Angeles.
DO NOT DISTURB OCUPANTS! DRIVE BY ONLY! THOSE WHO DO NOT COMPLY WILL BE DISQUALIFIED
1822-1830 Miramar St consists of three buildings. A 4 bedroom + 2 bathroom + den SFR. A duplex with 2 bedroom + 1 bathroom units and a fourplex with 1 bedroom + 1 bathroom
units. The combined buildings total 5,088 SF on a large 15,360 SF lot zoned LAR3. The units are individually metered for gas, electricity and trash. There is a large rear parking area
with 7 plus parking spaces and area for potential development/ADU. Development Potential LAR3, 19 units by right. TOC Tier 1, 29 units. Buyer to verify. High Walk Score of 92!
Strategically located minutes from Downtown Los Angeles, Koreatown, and Echo Park, the asset provides tenants with convenient access to employment centers, transit corridors,
and neighborhood retail. The property’s infill location and high land value support long-term appreciation, while replacement costs continue to rise across Los Angeles.
DO NOT DISTURB OCUPANTS! DRIVE BY ONLY! THOSE WHO DO NOT COMPLY WILL BE DISQUALIFIED
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,375,000 | Property Subtype | Apartment |
| Price Per Unit | $196,429 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.10% | Lot Size | 0.35 AC |
| Gross Rent Multiplier | 10.3 | Building Size | 5,088 SF |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1924 |
| Zoning | LAR3 - Residential | ||
| Price | $1,375,000 |
| Price Per Unit | $196,429 |
| Sale Type | Investment |
| Cap Rate | 6.10% |
| Gross Rent Multiplier | 10.3 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 5,088 SF |
| No. Stories | 2 |
| Year Built | 1924 |
| Zoning | LAR3 - Residential |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $1,473 | 636 |
| 2+1 | 2 | $1,833 | 795 |
| 4+2 | 1 | $3,500 | 954 |
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Walk Score®
Walker's Paradise (91)
Transit Score®
Excellent Transit (82)
Property Taxes
| Parcel Number | 5154-021-003 | Total Assessment | $178,431 |
| Land Assessment | $96,572 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $81,859 | Tax Year | 2025 |
Property Taxes
Parcel Number
5154-021-003
Land Assessment
$96,572
Improvements Assessment
$81,859
Total Assessment
$178,431
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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1822 Miramar St
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