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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… • Last updated Nov 19, 2024 •

MLS# 24453333 —

This property is listed in more than one place. See it here.

The Building

Year Built:

1910
New Construction:

No
Building Area Total:

3540.00
# of Buildings:

1
Total Number Of Units:

4
Stories Total:

2

Interior

Levels:

Two
Laundry:

None
Laundry:

1

Location

Directions:

On Miramar St
Latitude:

34.06210000
Longitude:

-118.26805800

The Property

Property Type:

Residential Income
Zoning:

LAR3
Lot Size Area:

4202.0000
Lot Size Acres:

0.0965
Lot Size SqFt:

4202.00

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5153002024

Heating & Cooling

Heating:

1
Heating:

Wall Furnace

Appliances

Included:

Yes

The Community

Senior Community:

No
Association:

No
Assessments:

No

Parking

Parking:

Yes
Parking:

Driveway

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price
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

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This multifamily located in Central LA, Los Angeles, CA 90026 is currently for sale for $1,150,000. 1719 Miramar Street is a – square foot multifamily with – beds and – baths that has been on Estately for 38 days. 1719 Miramar Street is in the Central LA neighborhood of Los Angeles and has a WalkScore® of 90, making it very walkable. This multifamily is in the attendance area of Miguel Contreras Learning Complex - Los Angeles School Of Global Studies, Miguel Contreras Learning Complex - Acdemic Ldrshp Community, Belmont Senior High School, Miguel Contreras Learning Complex - Business And Tourism, Ramon C Cortines School Of Visual And Performing Arts, Edward R. Roybal Learning Center, Union Avenue Elementary School, Miguel Contreras Learning Complex - School Of Social Justice, and Sal Castro Middle School.

Listing Courtesy of: CRMLS_CA and Lyon Stahl Investment Real Estate, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 23:59 on Nov 21.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.