1719 Miramar Street
Los Angeles, CA 90026
- – beds
- – baths
- – sqft
- 4,202 sqft lot
- 1910 build
- – on site
1719 Miramar Street, located in the heart of Los Angeles, presents a clean investment opportunity with significant rental upside. This 4-unit building features a total of 3,540 sq. ft. of rentable space on a 4,200 sq. ft. lot, with a mix of large units two currently operating as 2-bedroom, 1-bathroom units, and two as 3-bedroom, 1-bathroom units. Tax records show all units are 1 bedroom / 1 bathroom. Originally built in 1910, the property has been well-maintained with recent termite tenting, a new roof, copper plumbing, and an ABS main line. Each unit is individually metered, and the property offers ample parking at the rear. Currently generating $7,446 per month ($89,352 annually) with $60,899 in net income, the property has a 5.24% cap rate and a 12.87 GRM. With a 21% rental upside, the potential gross income could rise to $9,000 per month ($108,000 annually) with a net income of $79,322, boosting the cap rate to 6.84% and improving the GRM to 10.65. Priced at $1,150,000, this property reflects approximately $325 per rentable square foot and $287,500 per door, making it an attractive proposition for investors looking for immediate cash flow with significant upside potential in an up and coming Los Angeles location.
Listed By CRMLS_CA / John McCann / Lyon Stahl Investment Real Estate, Inc.
Last checked:
Checking…
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Last updated Nov 19, 2024
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MLS# 24453333 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1910
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New Construction:No
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Building Area Total:3540.00
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Total Number Of Units:4
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# of Buildings:1
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Stories Total:2
Interior
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Levels:Two
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Laundry:None
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Laundry:1
Location
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Directions:On Miramar St
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Latitude:34.06210000
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Longitude:-118.26805800
The Property
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Property Type:Residential Income
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Zoning:LAR3
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Lot Size Area:4202.0000
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Lot Size Acres:0.0965
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Lot Size SqFt:4202.00
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5153002024
Heating & Cooling
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Heating:1
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Heating:Wall Furnace
Appliances
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Included:Yes
The Community
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Association:No
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Senior Community:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Driveway
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
10/15/24
Oct 15, 2024
|
Listed / Active | CRMLS_CA | $1,150,000 | |
7/8/22
Jul 8, 2022
|
Price Changed | CRMLS_CA | ||
6/29/22
Jun 29, 2022
|
Listed / Active | CRMLS_CA |