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1433 MIRAMAR Street

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1433 MIRAMAR Street | Los Angeles, CA

$4,395,000

10,584 SQ.FT.

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.
Listing Provided by Yisroel Tabi, Uzan Realty

Based on information from California Regional Multiple Listing Service, Inc. as of April 23, 2018. 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.