2021 Miramar Street, Los Angeles, California 90057, Los Angeles, 90057 - 5 bed, 3 bath
ACTIVE$1,499,999
2021 Miramar Street, Los Angeles, California 90057
5Beds
3Baths
2,466Sqft
4,942Lot
Year Built
2017
Close
-
List price
$1.5M
Original List price
$1.9M
Price/Sqft
$608
HOA
-
Days on market
-
Sold On
-
MLS number
CV24144454
Home ConditionExcellent
Features
Good View: City Lights
ViewCity Lights
About this home
We found 3 Cons,5 Pros.
Contemporary triplex located in the Silverlake/Echo Park area. 10 minutes away from DTLA and near historic Filipino town. Property was built in 2017 and features newer amenities. All units have split air conditioning. Two units are 2 bedrooms and 1 bath, one unit is 1 bedroom with a loft and 1 bath. Kitchens have granite counters. Floors are wood-like ceramic tiles or marble-like ceramic tiles. Two units include a balcony. 8 parking spaces and a security gate. High income, year-to-year lease contract. Please call for more details.
Nearby schools
5/10
Union Avenue Elementary School
Public,•K-5•0.2mi
/10
Lake Street Primary School
Public,•K-1•0.3mi
3/10
Charles White Elementary School
Public,•1-5•0.6mi
5/10
Rosemont Avenue Elementary School
Public,•K-5•0.6mi
/10
Lafayette Park Primary Center
Public,•K•0.6mi
2/10
Esperanza Elementary School
Public,•K-5•0.6mi
3/10
Macarthur Park Elementary School For The Visual And Performing Arts
Public,•K-5•0.6mi
3/10
Gratts Learning Academy For Young Scholars (Glays)
Public,•K-6•0.7mi
4/10
Betty Plasencia Elementary School
Public,•K-6•0.8mi
8/10
Hoover Street Elementary School
Public,•K-5•0.9mi
2/10
Tenth Street Elementary School
Public,•K-5•1.1mi
5/10
Commonwealth Avenue Elementary School
Public,•K-5•1.2mi
7/10
Dr. Sammy Lee Medical And Health Science Magnet Elementary
Public,•K-5•1.2mi
3/10
Leo Politi Elementary School
Public,•K-5•1.3mi
3/10
Rfk Community Schools - Ambassador School - Global Education
Public,•K-5•1.6mi
6/10
Castelar Street Elementary School
Public,•K-5•1.8mi
3/10
Sal Castro Middle School
Public,•6-8•0.5mi
3/10
John H. Liechty Middle School
Public,•6-8•0.6mi
5/10
Virgil Middle School
Public,•6-8•1.4mi
3/10
Berendo Middle School
Public,•6-8•1.6mi
6/10
Thomas Starr King Middle School
Public,•6-8•2.3mi
3/10
Belmont Senior High School
Public,•9-12•0.5mi
3/10
Rfk Community Schools-Ambassador-Global Leadership
Public,•6-12•1.4mi
4/10
Rfk Community Schools-Los Angeles High School Of The Arts
Public,•9-12•1.4mi
5/10
Rfk Community Schools- For The Visual Arts And Humanities
Public,•9-12•1.4mi
8/10
John Marshall Senior High School
Public,•9-12•3.1mi
Price History
Date
Event
Price
09/30/25
Price Change
$1,499,999
07/20/24
Listing
$1,900,000
07/23/21
Sold
$1,400,000
01/25/16
Sold
$300,000
11/29/06
Sold
$280,000
Condition Rating
Excellent
Built in 2017, this triplex is only 7 years old, meeting the 'Excellent' criteria for properties built within 10 years. The property features modern amenities including split air conditioning, granite countertops in the kitchens, and contemporary wood-like or marble-like ceramic tile flooring throughout. Bathrooms are clean and functional with modern vanities. While kitchen appliances are white rather than stainless steel, they are consistent with a newer build and the overall condition is virtually new with no visible deferred maintenance.
Pros & Cons
Pros
Income-Generating Triplex: This property is a contemporary triplex, explicitly marketed as 'Residential Income' with 'High income, year-to-year lease contract,' making it an attractive investment for immediate cash flow.
Newer Construction & Modern Amenities: Built in 2017, the property features newer amenities including split air conditioning in all units, granite counters, and wood-like or marble-like ceramic tiles, reducing immediate maintenance concerns for a buyer.
Prime Los Angeles Location: Located in the desirable Silverlake/Echo Park area, just 10 minutes from DTLA and near historic Filipino town, offering strong rental demand and potential for appreciation.
Ample Parking & Security: The property boasts 8 dedicated parking spaces and a security gate, which are highly valuable and sought-after features in a dense urban environment like Los Angeles.
Enhanced Tenant Appeal: The property offers city lights views and two units include balconies, adding to the aesthetic appeal and potential rental value for tenants.
Cons
Significant Price Reduction: The property has undergone a substantial price reduction from its original list price of $1.9M to $1.499M, which may indicate initial overpricing or market resistance, potentially raising questions about its true market value.
Unit Bathroom Configuration: Each unit is configured with only one bathroom (two 2-bed/1-bath units and one 1-bed/1-bath with loft), which might limit appeal for certain tenant demographics or larger households seeking more facilities.
Year-to-Year Lease Structure: While providing flexibility, year-to-year lease contracts can lead to higher tenant turnover rates and more frequent lease negotiations compared to longer-term agreements, potentially impacting long-term income stability.