Residential Income Details
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.
|Number of Units||24|
|Listing Brokerage||Uzan Realty|
|Listing Agent||Yisroel Tabi|
|Listing Agent BRE #||02019396|
Based on information from California Regional Multiple Listing Service, Inc. as of Monday, April 23, 2018.
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