2 months on rocket

1719 Miramar St, Los Angeles, CA, 90026

$1,150,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
4 Baths
3,540 SqFt
$325/SqFt
House

Location

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1719 Miramar St, Los Angeles$1,150,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingDriveway
Year Built1910
HeatingWall Furnace
MLS #24453333
Lot Size0.10 Acres
StatusActive

About 1719 Miramar St

1719 Miramar Street, located in the heart of Los Angeles, presents a clean investment opportunity with significant rental upside. This 4-unit building features a total of 3,540 sq. ft. of rentable space on a 4,200 sq. ft. lot, with a mix of large units two currently operating as 2-bedroom, 1-bathroom units, and two as 3-bedroom, 1-bathroom units. Tax records show all units are 1 bedroom / 1 bathroom. Originally built in 1910, the property has been well-maintained with recent termite tenting, a new roof, copper plumbing, and an ABS main line. Each unit is individually metered, and the property offers ample parking at the rear. Currently generating $7,446 per month ($89,352 annually) with $60,899 in net income, the property has a 5.24% cap rate and a 12.87 GRM. With a 21% rental upside, the potential gross income could rise to $9,000 per month ($108,000 annually) with a net income of $79,322, boosting the cap rate to 6.84% and improving the GRM to 10.65. Priced at $1,150,000, this property reflects approximately $325 per rentable square foot and $287,500 per door, making it an attractive proposition for investors looking for immediate cash flow with significant upside potential in an up and coming Los Angeles location.

Property Details

Property Features

Property Information:

  • Year Built: 1910
  • Stories: 2
  • Living Area: 3,540 SqFt

Listing Office:

  • Office Name: Lyon Stahl Investment Real Estate, Inc.
  • Office Phone: (310) 425-9838
  • Listing Agent: John McCann

Interior Features

Bedroom and Bathroom Information:

  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Parking: Driveway

Lot Features

Lot Information:

  • Lot Size: 0.10 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace

Other

Directions Information:

  • Directions: On Miramar St

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,150,000
  • Price Per SqFt: $325/SqFt

Tax Information:

  • Annual Amount: $6,234
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1346

1719 Miramar St vs Los Angeles

63 DAYS ON ROCKET

+25 Days

$1,150,000

+$128.4K More

$325/SqFt

-$315 Less

KEY TAKEAWAY

This property is $128.4K more than the Median Sold Price and $315/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24453333

Listing Office:

  • Office Name: Lyon Stahl Investment Real Estate, Inc.
  • Office Phone: (310) 425-9838
  • Listing Agent: John McCann

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 1:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Apr 26, 2004Home Sold
$374,000
Oct 09, 2003Home Sold
$327,500
Sep 22, 1999Home Sold
$189,000
Sep 20, 1994Home Sold
$100,000
Apr 06, 1990Home Sold
$250,000
May 02, 1989Home Sold
$200,000
Nov 09, 1988Home Sold
$160,000

Tax History

YEARPROP. TAXASSESSMENT
2021$6,234$491,241
2020$6,054$486,205
2019$5,974$476,672
2018$5,851$467,326
2017$5,851$458,163

History based on county public records data.

Payment Calculator

$5,807

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,514

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4543935
4
/10

  • Union Avenue Elementary

  • 150 S Burlington Ave

  • 0.14 miles

  • Public District Grades PK-5

school-card-donut-4543936
4
/10

  • N.E.W. Academy of Science and Arts

  • 379 Loma Dr

  • 0.22 miles

  • Public Charter Grades KG-5

school-card-donut-4543937
4
/10

  • Gratts Learning Academy for Young Scholars (GLAYS)

  • 309 Lucas Ave

  • 0.44 miles

  • Public District Grades 2-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $28,309. The most common annual income of people living in Los Angeles, CA is less than $35k. The majority of families are married, with kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1719 Miramar St

What is the listing price of this property?

The listing price of 1719 Miramar St property is $1,150,000.

What type of property is this?

The property 1719 Miramar St is a house located in Los Angeles, California, 90026.

Is this property for sale now?

Active Listing: 1719 Miramar St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $6,234 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on April 26, 2004 for $374,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1719 Miramar St has 4 bedrooms and 4 bathrooms.

What is the square footage of this property?

The property 1719 Miramar St is 3,540 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1719 Miramar St is 1910.

Rocket Homes›California›Los Angeles County›Los Angeles›90026›1719 Miramar St

This home is located at 1719 Miramar St in Los Angeles, CA and zip code 90026 in the Central LA neighborhood. This 3,540 square foot home, which was built in 1910, sits on a 0.10 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since October 16, 2024 and is currently priced at $1,150,000.

In November 2024, from all listings sold in Los Angeles, CA there were more than 512 sold above asking price, over 657 sold below and more than 177 were sold right at the asked price. Between October 2024 and November 2024, Los Angeles, CA real estate market has seen decrease in the number of listings by 0.6%. While the average time on the market in November 2024 was 38 days, the median list price was $1,021,532.

From Rocket Homes Real Estate and based on county public records data.

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