Listed by Michael Brooks of Keller Williams Realty- YL/ AH [email protected]
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Amazing bread and butter, prime Mar Vista 8-unit (two non- confirming) property. The property boasts a favorable unit mix of two 0+1, one 1+1, three 2+1, one 2+2, and one 3+2. Half of the units are fully furnished and operating on month-to-month leases. Huge upside potential to renovate and increase rents as four furnished units can be delivered vacant. (0+1, 1+1, 2+1, 2+2) Complete retrofit plans are included with an ADU option (new 2+1 unit) which will be provided at COE. This is projected to increase revenue by $28.8K per year. (Work not started, ADU and Retrofit plans cost $34K so far. Permit not yet pulled) Property is master metered for water, has 6 parking spaces and laundry room onsite with leased washer and dryer.
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Listing Snapshot
Price
$2,750,000
Days On Site
45 Days
Bedrooms
N/A
Inside Area (SqFt)
6,490 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.1378 Acres
Year Built
1959
MLS® Number
OC24239346
Status
Active
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
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Recent Activity
4 weeks ago
Price changed to $2,750,000
4 weeks ago
Listing updated with changes from the MLS®
a month ago
Status changed to Active
2 months ago
Listing first seen on site
General Features
Acres
0.1378
Carport
4
Number Of Stories
2
Parking
Carport
Parking Spaces
6
Property Sub Type
Apartment
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Total
6490
Water Source
Public
Zoning
LAR3
Interior Features
Fireplace Features
None
Heating
Wall Furnace
Laundry Features
Common Area
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Exterior Features
Pool Features
None
View
None
Waterview
None
Community Features
Building Access
1
Financing Terms Available
1031 Exchange
MLS Area
C13 - Palms - Mar Vista
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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