$2,975,150
$2,699,000
10.2%For more information regarding the value of a property, please contact us for a free consultation.
5,488 Sqft Lot
SOLD DATE : 05/29/2019
Key Details
Sold Price $2,975,150
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Not Applicable-105
MLS Listing ID 319001284
Sold Date 05/29/19
HOA Y/N No
Year Built 1987
Lot Size 5,488 Sqft
Property Description
Prime building in a prime location of Los Angeles. This property is located in the Mar Vista West LA, part of the Silicon Beach area. Built in 1987 and not under rent control, with a fantastic unit breakdown, 5 units are 2 bedroom, 2 baths, some units with fireplace, and high vaulted ceilings, there is also two 1-bedroom units with one bath. This attractive location allows for a 10 minute drive to the beach or just a few minutes to Culver City. Current rents are 92% of possible market rents, allowing a new owner the opportunity to increase future returns and a higher CAP.
Location
State CA
County Los Angeles
Area Wla - West Los Angeles
Zoning LAR3
Interior
Heating Forced Air
Cooling Central Air
Flooring Wood
Fireplaces Type Decorative, Gas, Living Room
Fireplace Yes
Exterior
Parking Features Door-Multi, Garage, Garage Door Opener
View Y/N No
Private Pool No
Building
Entry Level Three Or More
Level or Stories Three Or More
New Construction No
Others
Tax ID 4257020059
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Cash,Cash to New Loan
Special Listing Condition Standard
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Bought with Dustin Nicholas • Nicholas Property Group
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Broker Associate | License ID: 02090487