1704 Miramar Street

Los Angeles, CA 90026

$1,395,000
Price
8
Beds
8
Baths
3,984 Sq. Ft.
$350 / Sq. Ft.
3,984
Sq. Ft.
$350
per Sq. Ft.

Description

Welcome to 1704 Miramar, an exceptional turn-key investment opportunity! This four-unit property offers immediate potential for cash flow and a low maintenance addition to your portfolio or the opportunity to owner occupy one and rent the others. Each unit boasts 2 bedrooms and 2 bathrooms, all having undergone extensive upgrades in 2017. Enjoy modern, open floor plans, high ceilings, new en-suite bathrooms, and updated kitchens, each complete with in-unit laundry. The building has been thoughtfully...Welcome to 1704 Miramar, an exceptional turn-key investment opportunity! This four-unit property offers immediate potential for cash flow and a low maintenance addition to your portfolio or the opportunity to owner occupy one and rent the others. Each unit boasts 2 bedrooms and 2 bathrooms, all having undergone extensive upgrades in 2017. Enjoy modern, open floor plans, high ceilings, new en-suite bathrooms, and updated kitchens, each complete with in-unit laundry. The building has been thoughtfully updated with all major systems, including electrical and plumbing. Each unit is equipped with brand-new water heaters, and older windows have all been replaced with energy-efficient options. This property is separately metered, contributing to low operating expenses and providing a hassle-free investment with consistent rental income year after year. 1704 Miramar is an ideal choice for first-time income property buyers seeking passive cash flow, as well as seasoned investors looking for a great addition to their portfolio. A Must See!
  1. Listed by Scott Harvey • DRE #01963157 • Brokerage DRE #01401897 • Figure 8 Realty
  2. Listed by Justin Setareh • DRE #02142832 • Brokerage DRE #01401897 • Figure 8 Realty

Property Details for 1704 Miramar Street

Zoning
LAR3
Parcel Number
5153002013
Total Units
4.0
Living Area
3984
Source Living Area
Vendor Enhanced
Area
Downtown L.A. (C42)
Vacancy Rate
33%
Lot Size Area
4223
LISTING UPDATED: 10/28/2024 02:50 PM

Property Details for 1704 Miramar Street

StatusActive
MLS #24-451453
Days on Market22
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1923
Lot Size0.10 AC / 4,223 SF
CountyLos Angeles County

Building Information for 1704 Miramar Street

Stories2Residences-Year Built1923Building Size-Lot Size0.10 AC / 4,223 SF

Property Information for 1704 Miramar Street

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Residential
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $110,522
  • Net Operating Income: $81,624.00
  • Gross Income: $113,940
  • Cap Rate: 5.90%
  • Gross Rent Multiplier: $12.20
  • Total Annual Expense: 28898
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.0969
  • Lot Size Square Feet: 4223
Parking Details
Parking Details
  • Parking Garage: Tandem, Garage Is Detached
  • Total Parking: 4
  • Parking Features: Tandem Garage
  • Attached Garage: No
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Dryer, Washer, Refrigerator, Range/Oven
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-11-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,500.00
  • Unit Actual Rent: $2,500.00
  • Unit Projected Rent: $2,600.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,400.00
  • Unit Actual Rent: $2,400.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,295.00
  • Unit Actual Rent: $2,295.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $370,656.00
  • Assessed Improvement Percent: 35.64
  • Assessed Land Value: $669,309.00
  • Assessed Land Percent: 64.36
  • Assessed Total Value: $1,039,965.00

Property History for 1704 Miramar Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1704 Miramar Street

Taxable ValueLand$682,695Additions$378,069Total$1,060,764
Tax Record2024$13,251 ($1,104 / month)
Home Facts
Total Finished SqFt3,984 SqFtAbove Grade Finished SqFt3,984 SqFtLot Size4,223 SqFtStyleQuadraplexYear Built1923ZoningLAR3CountyLOS ANGELESAPN5153-002-013

Schools near 1704 Miramar Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Union Avenue Elementary School
PublicK to 5

Sal Castro Middle School
Public6 to 8

Academic Leadership Community School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1704 Miramar Street is a multi-family home for sale in Los Angeles, CA 90026. This property was listed for sale on October 10, 2024 by Figure 8 Realty, it's currently listed at $1,395,000. It has been on the market for a total of 22 days and was last sold on June 3, 2017. This listing's school district is Los Angeles Unified School District. Nearby schools include Union Avenue Elementary School, Sal Castro Middle School and Contreras Learning Center-School Of Social Justice. 1704 Miramar Street is a 8-bed, 8-bath, 3,984 sqft multi-family home built in 1923.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Figure 8 Realty, Scott Harvey, DRE #01963157; Figure 8 Realty, Justin Setareh, DRE #02142832

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.