$2,395,000
$2,495,000
4.0%For more information regarding the value of a property, please contact us for a free consultation.
11 Beds
11 Baths
6,193 SqFt
SOLD DATE : 09/09/2024
Key Details
Sold Price $2,395,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,193 sqft
Price per Sqft $386
MLS Listing ID 24405999
Sold Date 09/09/24
Bedrooms 11
HOA Y/N No
Year Built 1964
Lot Size 7,117 Sqft
Lot Dimensions Assessor
Property Description
Classic mid-century 9-unit apartment building with strong rents and collection history. The building consists of seven -1bedroom 1bath & two -2bedroom 2bath apartments. Soft story retrofit work has been completed. Building offers laundry facilities and 9 parking spaces. Located in the Westside neighborhood of Mar Vista and situated within close proximity to the Silicon Beach tech hub, this area offers access to a vast pool of innovative companies and traditional employers as well as education institutions and government facilities. This creates strong demand for apartments to rent in the area on top of the already acute demand based on the existing housing supply imbalance. This location enjoys convenient access to Marina Del Rey, Playa Del Rey, Venice Beach and Santa Monica. It is close to other Westside communities like Westwood and UCLA, Culver City, Beverly Hills, and the general South Bay area of Los Angeles County. This is a legitimate target for investor capital seeking strong income as the pressure on occupancy expands based on the strong employment base in the area. Please contact the listing agent for more information. PLEASE do not disturb tenants or walk on the property.
Location
State CA
County Los Angeles
Area C13 - Palms - Mar Vista
Zoning LAR3
Interior
Heating Wall Furnace
Cooling None
Flooring Carpet, Laminate
Fireplaces Type None
Fireplace No
Appliance Disposal
Laundry Laundry Room
Exterior
Garage None
Pool None
View Y/N No
View None
Roof Type Rolled/Hot Mop
Parking Type None
Total Parking Spaces 9
Private Pool No
Building
Faces North
Story 2
Entry Level One
Sewer Other
Architectural Style Mid-Century Modern
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 4235005002
Financing Cash
Special Listing Condition Standard
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Bought with Juanita Tiu • Power Brokers