








Property Attributes
- MLS#20622050
- TypeContingent
- CountyLOS ANGELES
- CityLos Angeles
- AreaPalms - Mar Vista
- Zip90066
- StyleTraditional
- Price$ 3,250,000
- Bedrooms9
- Full Bathrooms9
- Half Bathrooms0
- Lot Size6,970 SqFt
Listing Provided Courtesy Of:
Barry Kinyon with Sotheby's International Realty.
Data Source:
CRMLS
Property Description
Dont miss this great opportunity for a prime nine unit apartment building with upside potential in the growing neighborhood of Mar Vista. Close to Venice Beach, Abbot Kinney and Main Street Santa Monica, with easy access to the 405 and 10 Freeways. Well maintained, and upgraded units! High Walk-Score neighborhood (85), and good access to transit. Remodeled units, with granite counters, newer cabinetry, hard surface flooring (some with Hardwood) and dishwashers in some units. Good unit mix of One, Two and Three bedroom units attract multiple renter types. Upgraded electrical and heating. Current GRM at 16.61, and CAP at 4.30% at actual income and actual expenses with adjustments for the new tax rate. Potential for 5.37% CAP with units at market rent.
Price History | |
---|---|
8/24/2020 | Listed $3,500,000 |
12/16/2020 | 6% - $3,300,000 |
1/29/2021 | 2% - $3,250,000 |
General Features
Architectural Style | Traditional |
---|---|
Cooling | None |
MLS Area | C13 - Palms - Mar Vista |
Parking Features | Driveway |
Pool Features | None |
Property Type | Residential Income |
Spa Features | None |
Total Actual Rent | 209486 |
Total Units | 9 |
Zoning | LAR3 |
Interior Features
Laundry Features | Common Area |
---|
Exterior Features
Lot Size Acres | 0.16 |
---|---|
Lot Size Area | 7114 |
Lot Size Square Feet | 7114 |
Lot Size Units | Square Feet |
Number of Buildings | 1 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool