Four nearly 900 sq ft renovated / new apartments with individual utility meters with garages. Property will be delivered with tenants in place in two units (leases) and two units will be delivered vacant (30 day notice given for one and month to month lease on other unit). Panoramic views of downtown Los Angeles and the iconic Hollywood sign from both upper level units. Solid rental history with all units quickly leases when available.. Two rear units are completely remodeled, including electrical, plumbing, windows, drywall, and roof, etc. and with all brand new appliances and the two front units are remodeled with long term tenants. All units have an abundance of natural lighting and the front units can enjoy a private fenced yard and the back units get to enjoy an entertaining large open patio. This four unit complex is well maintained and is the perfect investment for those looking to generate substantial rental income. Only four miles from downtown Los Angeles and close proximity to California State University LA, USC, City of Terrace parks and recreation center and library, schools, public transportation, IH10, IH710 and walking to all shopping, restaurants and weekly Farmer’s market just steps away. High demand area for long and short term rentals. There are four one car detached garages with alley access and plenty of street parking and public parking lots just steps away. Don’t miss this opportunity to own a beautiful art deco architecture apartment building with huge income potential. Rear upstairs unit on combo lockbox and three units are tenant occupied. Please do not disturb tenants. Some photos are virtually staged.
Property Details
Price:
$1,330,000
MLS #:
25510129PS
Status:
Active Under Contract
Baths:
0
Address:
1312 Miller Avenue
Type:
Residential Income
Neighborhood:
elaeastlosangeles
City:
Los Angeles
Listed Date:
Mar 20, 2025
State:
CA
ZIP:
90063
Lot Size:
5,483 sqft / 0.13 acres (approx)
Year Built:
1940
See this Listing
Mortgage Calculator
Schools
Interior
Appliances
Dishwasher, Disposal, Microwave, Refrigerator, Gas Oven, Oven, Gas Range, Gas Cooktop
Fireplace Features
Living Room
Flooring
Laminate
Heating
Wall Furnace, Combination
Interior Features
Ceiling Fan(s), Recessed Lighting
Window Features
Double Pane Windows, Blinds, Drapes, Screens
Exterior
Foundation Details
Brick/ Mortar
Garage Spaces
4.00
Lot Features
Front Yard, Utilities – Overhead, Yard
Parking Features
Assigned
Parking Spots
4.00
Pool Features
None
Security Features
Carbon Monoxide Detector(s), Smoke Detector(s)
Sewer
Sewer Paid
Spa Features
None
View
Hills, City Lights, Panoramic, Peek- A- Boo, Trees/ Woods
Financial
Tenant Pays
Electricity, Gas
Map
Community
- Address1312 Miller Avenue Los Angeles CA
- AreaELA – East Los Angeles
- CityLos Angeles
- CountyLos Angeles
- Zip Code90063
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1312 Miller Avenue
Los Angeles, CA
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