$2,385,000
$2,595,000
8.1%For more information regarding the value of a property, please contact us for a free consultation.
11 Beds
9 Baths
7,825 SqFt
SOLD DATE : 05/28/2024
Key Details
Sold Price $2,385,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,825 sqft
Price per Sqft $304
MLS Listing ID 24360576
Sold Date 05/28/24
Bedrooms 11
HOA Y/N No
Year Built 1970
Lot Size 6,669 Sqft
Property Description
Prime West Los Angeles location, 3 blocks from Santa Monica. Great unit mix - 7 - 1 bedroom + 1 bath and 2 - 2 bedroom +2 bath units. Large units - 7,825 sq.ft. of building. The property was built in 1970 and it sits on a 6,655 sq. ft. lot. Long term owner. Below market rents with over 50% upside in the rent. The building is Individually metered for electricity and master metered for gas. It is located in the high demand area of West Los Angeles adjacent to Santa Monica. The area is undergoing an enormous transformation with the construction of many new apartment buildings as well as major entertaining companies such as Amazon, Apple and HBO opening offices nearby. Close to the future Google campus. Minutes to Culver City and Santa Monica's popular restaurants, bars, fitness centers and theaters. Close to the 405 and 10freeways. The earthquake soft story retrofit work has been completed. There is an assumable loan with an approximate balance of $1,068,000, 4% fixed until 7/28/2026, due in 2046. Note: The property is co-listed with Mike Poyer - Capital Real Estate Advisors
Location
State CA
County Los Angeles
Area Wla - West Los Angeles
Zoning LARD1.5
Interior
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Covered, Garage, Tandem
Total Parking Spaces 12
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4257005042
Special Listing Condition Standard
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Bought with Chase Simonton • RE/MAX One
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Broker Associate | License ID: 02090487