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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$3,800,000

Est. payment - /mo

8,441 Sqft Lot

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UPDATED:

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB26178268

HOA Y/N No

Year Built 1987

Lot Size 8,441 Sqft

Property Sub-Type Mixed Use

Property Description

Exceptional opportunity to acquire a non-RSO, 11 unit apartment building comprised of 9 2-bedroom/2-bathroom units, and 2 one-bedroom/one-bath units, originally built in 1987 and totaling approximately 10,514 square feet of living space. The property currently offers an attractive 5.3% cap rate, with approximately 25% rental upside, presenting investors with the potential to achieve a projected cap rate of up to 7% as rents are brought to market levels. Amenities include assigned parking in a subterranean garage, community laundry facilities, and individually metered gas and electric utilities. The building has also benefited from recent capital improvements such as brand new roof, enhancing the property's condition and reducing near-term maintenance requirements. Ideally located in the heart of Mar Vista, just minutes from Venice Beach and Downtown Culver City.
With strong rental demand, significant rental upside, and a highly desirable central location, this asset presents a compelling opportunity for investors seeking both stable current income and long-term value growth in one of Los Angeles' most dynamic rental markets.

Location

State CA

County Los Angeles

Area C13 - Palms - Mar Vista

Interior

Heating Central

Cooling Central Air

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 20.0

Garage Description 20.0

Pool None

Community Features Sidewalks

Total Parking Spaces 20

Private Pool No

Building

Lot Description Rectangular Lot

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4248025078

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard, Trust

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Listed by Tamas Batyi Compass 323-236-6450, DRE #02053534

NEARBY SCHOOL & BUSINESS

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3552 S Centinela AVE Los Angeles, CA 90066