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2335 Miramar St 8 Unit Apartment Building $1,529,638 CAD ($191,205 CAD/Unit) 5.76% Cap Rate Los Angeles, CA 90057
Investment Highlights
- Very Unique Unit Layout - Vaulted celings
- Approximately 58% in Rental Up-Side Through Renovation Plan
- Separately Metered for Gas and Electric
- Amazing Unit Mix Composed of Singles and One Bedroom Units!
- Property Offers On-Site Laundry Facilities and Parking for Tenants
Executive Summary
8 unit multifamily property in Westlake composed of six singles and two one bedroom units. Property offered clear rental upside with two vacant units at time of marketing and projected NOI growth through renovation and stabilization. The asset presents repositioning potential in a highly walkable, transit connected corridor near Downtown Los Angeles, Koreatown, and Silver Lake.
Property Facts
| Price | $1,529,638 CAD | Property Subtype | Apartment |
| Price Per Unit | $191,205 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.76% | Lot Size | 0.16 AC |
| Gross Rent Multiplier | 10.1 | Building Size | 4,424 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1929 |
| Zoning | LAR3 | ||
| Price | $1,529,638 CAD |
| Price Per Unit | $191,205 CAD |
| Sale Type | Investment |
| Cap Rate | 5.76% |
| Gross Rent Multiplier | 10.1 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 4,424 SF |
| No. Stories | 2 |
| Year Built | 1929 |
| Zoning | LAR3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | $11,358 CAD | 500 - 600 |
| 1+1 | 2 | $4,316 CAD | 500 - 600 |
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Very walkable
80/100
Moderately drivable
70/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5154-012-011 | Improvements Assessment | $100,449 CAD |
| Land Assessment | $730,608 CAD | Total Assessment | $831,057 CAD |
Property Taxes
Parcel Number
5154-012-011
Land Assessment
$730,608 CAD
Improvements Assessment
$100,449 CAD
Total Assessment
$831,057 CAD
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2335 Miramar St
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