Los Angeles (City), CA 90026
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.
Yisroel Tabi with Uzan Realty
2018 Michael Gardner. All rights reserved. © Collaborative Home Search by RealSavvy
“Based on information from the Association of REALTORS®/Multiple Listing Service as of [see date below]. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by the broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.”