Property Detail

Description

The Mira Vista Apartments presents a rare opportunity to acquire a pride-of-ownership, 15-unit apartment community in the unincorporated area of Montrose, Los Angeles County. Family-owned and operated since 1964, this well-maintained property sits on an expansive 24,211-square-foot lot and features 14,194 square feet of building area, originally built in 1988. The property offers an attractive unit mix of fourteen two-bedroom/one-bath units and one three-bedroom/one-bath unit, with individual gas and electric meters, granite countertops, hardwood flooring, tile kitchen floors, and gas wall heating. Additional property features include 15 enclosed single-car garages, a common-area laundry room with a month-to-month laundry lease, upgraded electrical systems with new unit subpanels, predominantly copper plumbing, and pitched roofs reported to be in excellent condition. The property also offers potential for future ADU development, subject to buyer investigation and verification. Ownership currently pays water and sewer, common-area gas, trash, and landscaping. The property is subject to the Los Angeles County Rent Stabilization and Tenant Protections Ordinance (RSO). Buyer to independently verify all property information, zoning, rental regulations, ADU potential, and other development opportunities.