Thank you
Ian Hale
RE/MAX ESTATE PROPERTIES
310-577-5300
The property consists of four strategically positioned units in the prime West Los Angeles (WLA) area, featuring a unit mix of two 2+1 units and two 1+1 units. Noteworthy amenities include three single-car garages at the rear, accessible through the alley, and an additional off-street parking space in the front. Each unit is equipped with individual meters, and all units have long-term tenants currently paying below-market rents. This property presents a promising opportunity for investors interested in potential development projects. Whether the focus is on adding an Accessory Dwelling Unit (ADU) or gradually adjusting rents to align with market rates, there are various avenues to leverage the property's advantageous location and potential. These strategic measures have the potential to significantly increase the property's overall value over time. However, all potential buyers need to be aware of and thoroughly investigate Los Angeles rent control regulations and restrictions before proceeding with any plans. Understanding these factors is crucial for making informed decisions in the dynamic real estate market of Los Angeles.
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Total Bedrooms : 6
Total Baths: 4
Full Baths: 0
Half Baths: 0
Sewer : Other
None
Air Conditioning
Natural Gas
Has Heating
Year Built: 1930
Building Area Total: 2,436
None
Laundry Room
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.0884
Lot Size Source: Assessor
Lot Size Square Feet: 3852
Original List Price: 1,618,000
Listing Contract Date: 2024-01-08
Listing Agreement: Seller Reserved
Parcel Number: 4246025013
Garage Description: Door-Multi,Driveway,Garage
Lease Term: Negotiable
Tenant Pays: Exterior Maintenance
Source Listing Status: Active
Source Neighborhood: C13 - Palms - Mar Vista
Postal Code Plus 4: 3135
Directions: North of Venice Bl. South of McCunne
Zoning: LAR3
Source Property Type: Residential Income
Area: C13 - Palms - Mar Vista
Property Age: 94
Year Built Source: Assessor
Total Square Feet Living: 2436
Levels or Stories: Two
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
3875 Marcasel Avenue, Los Angeles, CA,90066 | $2,495,000 | 2 | 2 | 1,588 | 10853 Sqft |
12566 Indianapolis Street, Los Angeles, CA,90066 | $2,349,000 | 3 | 3 | 2,063 | 5700 Sqft |
12495 Greene Avenue, Los Angeles, CA,90066 | $1,790,000 | 6 | 4 | 3,204 | 4814 Sqft |
12495 Greene Avenue, Los Angeles, CA,90066 | $1,790,000 | -- | -- | 3,204 | 4814 Sqft |
11702 Charnock Road, Los Angeles, CA,90066 | $2,349,000 | 3 | 2 | 2,410 | 980 Sqft |
4980 S Centinela Avenue, Los Angeles, CA,90066 | $5,650,000 | 12 | -- | 10,950 | 5858 Sqft |
12420 Greene Avenue, Los Angeles, CA,90066 | $3,999,999 | 16 | -- | 7,205 | 9599 Sqft |
3412 Beethoven Street, Los Angeles, CA,90066 | $5,448,500 | 4 | 4 | 4,620 | 6719 Sqft |
12124 Pacific Avenue, Los Angeles, CA,90066 | $11,495,000 | -- | -- | -- | 30001 Sqft |
3580 Wasatch Avenue, Los Angeles, CA,90066 | $6,800,000 | 6 | 7 | 6,331 | 7500 Sqft |
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ByOwner last updated this listing 05/07/2024 @ 11:57
MLS: 24344977
LISTED BY: Ian Hale, RE/MAX ESTATE PROPERTIES
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.