NOT LISTED FOR SALE

1433 Miramar St Los Angeles, CA 90026

Westlake Neighborhood
6 Beds
26 Baths
10,584 Sq Ft
0.3 Acres

Last Sold June 06, 2018

Last sale price $4,155,000 $393 Per Sq Ft

60 Days on Market

Highlights

  • 12,941 Sq Ft lot
  • Laundry Room
  • Ceiling Fan

About This Home

As of June 2018

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.

Last Agent to Sell the Property

Yisroel Tabi

Yisroel Tabi License #02019396 Listed on: 01/31/2018

Last Buyer's Agent

Ian Tenenbaum

Marcus & Millichap License #02020458

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

  • 0.3

Interior Spaces

  • 10,584 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Laundry Room

Kitchen

  • Oven or Range
  • Microwave

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 26 Bathrooms

Parking

  • 17 Parking Spaces
  • Assigned Parking

Additional Features

  • 0.3 Acre Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 24 Units

Listing and Financial Details

  • Assessor Parcel Number 5153-029-012

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 10584
  • Stories: 2
  • Year Built: 1949
  • Number Of Photos: 32
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 6
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Laundry Area
  • Total Bathrooms: 26.00
  • Den: 0
  • Equipment: Ceiling Fan, Microwave, Range/Oven, Refrigerator
  • Price Per S Q F T: 415.25

Exterior Features

  • Tennis Court Y/N: No
  • Construction: Frame and Stucco
  • Pool: No

Garage/Parking

  • Parking Garage: Assigned
  • Total Parking: 17

Utilities

  • Heating: Wall Gas

Lot Info

  • Assessed Improvement Value: 439348
  • Assessed Land Value: 278249
  • Assessor Parcel Number: 5153-029-012
  • Geocode Override: No
  • Lot Size Area: 12941

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 14.35
  • Number Of Units: 24
  • Total Annual Expense: 98102
  • Type Of Units: Rental Apts
  • Vacancy Rate: 0

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2018 06/06/18 Sold $4,155,000 -5.5% $393 / Sq Ft
04/01/2018 04/01/18 Pending -- -- --
01/31/2018 01/31/18 For Sale $4,395,000 0.0% $415 / Sq Ft
04/10/2017 04/10/17 Rented $1,249 0.0% --
03/14/2017 03/14/17 For Rent $1,249 +0.3% --
02/08/2016 02/08/16 Rented $1,245 +3.8% --
01/21/2016 01/21/16 Price Changed $1,199 -7.7% $2 / Sq Ft
11/20/2015 11/20/15 For Rent $1,299 -- --
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Yisroel Tabi

    Seller's Agent in 2018

    Yisroel Tabi

    Yisroel Tabi

    (646) 671-3587

    1 Total Sale

    Yisroel Tabi
    Section Image

  • I

    Buyer's Agent in 2018

    Ian Tenenbaum

    Marcus & Millichap

  • A

    Seller's Agent in 2017

    Aaron Biston

    Uzan Realty

See All Agents

Map

Source: The MLS

MLS Number: 18-306812

The MLS
California Los Angeles County Los Angeles 90026 Westlake

1433 Miramar St, Los Angeles, CA

This home is located at 1433 Miramar St, Los Angeles, CA 90026 since 31 January 2018. This property was built in 1949. 1433 Miramar St is a home located in Los Angeles County with nearby schools including Sal Castro Middle School, Academic Leadership Community Miguel Contreras Learning Complex, and Belmont High School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by 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.
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