All 71 units at the Miracle Mile Terrace are one-bedroom,one-bath apartments, each about 700 sf. The three-story, wood frameconstruction complex runs block-to-block from Hauser Boulevard toMasselin Avenue, just east of Fairfax Avenue in what VR Capitalnotes is "the highly desirable Miracle Mile submarket."
VR Capital LLC is highly capitalized and is looking to acquire1,000 units in the better areas of Los Angeles over the next threeyears. The seller of the Miracle Mile complex was a single-assetowner who had owned the property for 20-plus years.
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