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$1,349,000

Beds
8
sq ft
3,984

1704 Miramar St, Los Angeles, CA 90026

1704 Miramar St

Los Angeles, CA 90026

  • 73 days on market
    • Price drop $46,000↓
Welcome to 1704 Miramar, an exceptional turn-key investment opportunity! This four-unit property offers immediate potential for cash flow and a low maintenance addition to your portfolio or the opportunity to owner occupy one and rent the others. 2 of the units can be delivered VACANT and each unit boasts 2 bedrooms and 2 bathrooms, all having undergone extensive upgrades in 2017. Enjoy modern, open floor plans, high ceilings, new en-suite bathrooms, and updated kitchens, each complete with in-unit laundry. The building has been thoughtfully updated with all major systems, including electrical and plumbing. Each unit is equipped with brand-new water heaters, and older windows have all been replaced with energy-efficient options. This property is separately metered, contributing to low operating expenses and providing a hassle-free investment with consistent rental income year after year. 1704 Miramar is an ideal choice for first-time income property buyers seeking passive cash flow, as well as seasoned investors looking for a great addition to their portfolio. A Must See!

Details

Property type

Est. home value

$1,251,581

Lot size

4,223 sq ft

Price per sq ft

$339

Year built

1923

HOA

No

Price History

11/19/2024
CLAW

CLAW #24451453

Price change
$1,349,000
-3.3%
10/10/2024
CLAW

CLAW #24451453

Listed
$1,395,000

Schools & Community

Neighborhood: 

Westlake

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

First Republic Bank

Loan start date

May 2017

Original loan amount

$481,250

Est. remaining balance

Not provided

Interest rate

3.6%

Loan type

Adjustable Rate Mortgage, 30 year

Seller

Marvin Culver Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/23/2024 at 4:40 PM

Listing updated: 12/04/2024 at 6:10 PM

Listed by: Scott Harvey, Figure 8 Realty Phone #: (213) 537-0114

MLS: CLAW #24451453

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