Thank you
Alan Tran
KW Executive
626-872-2207
3640 Palms is a prime investment opportunity in the high sough neighborhood. This multifamily property is built in 1967, totaling 3,930 square feet on a spacious 5,474 square foot lot, zoned LAR3. There are three 1 bedroom, one studio, and one 2 bedrooms unit with a den and 2 baths that can be converted to a 3 bedroom unit. The property has separated gas and electric meter, as well as an onsite laundry facility for additional income. Each unit is adorned hard wood floor, gas stoves, balconies or patio, two units has fireplace. This pride property has low water landscaping and has 6 open parking spaces with a safe security gate. Earthquake soft story was completed in 2021. This property presents a significant opportunity for investors with an estimate of 30% upside in gross rental income. It is conveniently located in proximity to the beach communities of Culver City, Santa Monica, and the new Expo line station and the 405 and 10 freeways.
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Water Source : Public
Sewer : Public Sewer
Year Built: 1967
Building Area Total: 3,930
None
Laundry Room
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1257
Lot Size Source: Assessor
Lot Size Square Feet: 5474
Original List Price: 2,168,000
Listing Contract Date: 2023-11-28
Listing Agreement: Exclusive Right To Sell
Parcel Number: 4313003020
Lease Term: Negotiable
Tenant Pays: Electricity,Gas
Source Listing Status: Active
Source Neighborhood: C13 - Palms - Mar Vista
Postal Code Plus 4: 5053
Directions: South of 10 freeway and East of 405 freeway
Zoning: LAR3
Source Property Type: Residential Income
Area: C13 - Palms - Mar Vista
Property SubType: Apartment
Property Age: 57
Common Walls: 2+ Common Walls
Structure Type: Apartment
Year Built Source: Assessor
Entry Level: 1
Entry Location: 1
Property Attached: Yes
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
3610 Westwood Boulevard, Los Angeles, CA,90034 | $3,350,000 | 13 | -- | 6,270 | 7931 Sqft |
3766 S Canfield Avenue, Los Angeles, CA,90034 | $3,300,000 | 8 | -- | 4,854 | 6428 Sqft |
3126 S Canfield Avenue, Los Angeles, CA,90034 | $3,250,000 | 11 | -- | 7,321 | 8005 Sqft |
1920 S Robertson Boulev.., Los Angeles, CA,90034 | $14,000,000 | 37 | -- | 21,997 | 24384 Sqft |
2803 Cardiff Avenue, Los Angeles, CA,90034 | $2,199,000 | 3 | 2 | 1,700 | 6761 Sqft |
10521 National Boulevar.., Los Angeles, CA,90034 | $450,000 | 1 | 1 | 625 | 27070 Sqft |
3757 Veteran Avenue, Los Angeles, CA,90034 | $2,290,000 | 8 | -- | 4,248 | 4664 Sqft |
3651 Cardiff Avenue, Los Angeles, CA,90034 | $2,200,000 | -- | -- | 2,104 | 6754 Sqft |
3651 Cardiff Avenue, Los Angeles, CA,90034 | $2,200,000 | 3 | 2 | 2,104 | 6754 Sqft |
2016 S Bedford Street #1, Los Angeles, CA,90034 | $2,350,000 | -- | -- | 6,384 | 6301 Sqft |
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ByOwner last updated this listing 05/15/2024 @ 22:08
MLS: AR23217476
LISTED BY: Alan Tran, KW Executive
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.