Thank you
Susan Lau
Coldwell Banker Realty
310-820-6651
12 units newly built in 2014 - No Rent Control (No RSO and No AB1482) in desirable west Los Angeles neighborhood in Marina Del Rey bordering Playa Vista, Mar Vista and Culver City. Current scheduled gross income approx. $382,320 + additional income for parking and utility reimbursements. Current GRM is 15.56 and market at 12.92 GRM; room to immediately improve rents! Current CAP is over 4%. Excellent location at the corner of Centinela Ave & Culver Dr. adjacent to Ballona Creek bike path with city, mountain and LA river views from most of the units. Desirable unit mix with eight 1bd+1ba+Loft, three 1bd + 1ba and one large studio. All units are bright, spacious & modern with its own washer/dryer inside, modern kitchens with stainless steel appliances, white quartz countertops, gray laminate floors throughout. Most units have large patios and/or balconies. Building also features large private gym, security gated parking, intercom access, elevator lift from garage to all floors and security cameras. Centrally located close to UCLA , LMU & SMC, easy access to shopping centers, restaurants and freeways. Great tenants with no back rents due and current throughout COVID.
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Total Bedrooms : 12
Total Baths: 23
Full Baths: 0
Half Baths: 0
Property Appliances: Dishwasher,Disposal,Refrigerator,Dryer,Washer
Central Air
Air Conditioning
Central,Wall Furnace
Has Heating
Year Built: 2014
Building Area Total: 10,950
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1345
Lot Size Source: Assessor
Lot Size Square Feet: 5858
Original List Price: 5,650,000
Listing Contract Date: 2023-09-13
Listing Agreement: Exclusive Right To Sell
Parcel Number: 4221021044
Garage Description: Covered,Gated,Private
Lease Term: Negotiable
Source Listing Status: Active Under Contract
Source Neighborhood: C12 - Marina Del Rey
Postal Code Plus 4: 6883
Directions: On Centinela & Culver Dr just north of 90 FWY
Zoning: LAR3
Source Property Type: Residential Income
Area: C12 - Marina Del Rey
Property Age: 10
Year Built Source: Builder
Total Square Feet Living: 10950
Levels or Stories: Multi/Split
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
12412 Pacific Avenue, Los Angeles, CA,90066 | $7,300,000 | 12 | -- | 10,540 | 7802 Sqft |
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 |
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 05/05/2024 @ 19:52
MLS: 23310803
LISTED BY: Susan Lau, Coldwell Banker Realty
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.