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$ 2,799,000
$ 2,799,000
Est. payment | /mo
9 Beds
9 Baths
6,900 SqFt
$ 2,799,000
$ 2,799,000
Est. payment | /mo
9 Beds
9 Baths
6,900 SqFt
Key Details
Sold Price $2,799,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 6,900 sqft
Price per Sqft $405
MLS Listing ID 25501681
Sold Date 04/28/25
Bedrooms 9
HOA Y/N No
Year Built 1984
Property Description
PRICED TO SELL. 11.9 GRM and 5.4% CAP for Non Rent Control on the Westside of Los Angeles. Upside to a 6.3% CAP at market rents. 9 units in Mar Vista (Los Angeles) subject to AB 1482 rent control - maximum annual increase of 5% + CPI. The property is professionally managed and well maintained. Average rents for similar 1+1's in the area is $2,432, providing a new owner with 10%+ rental upside. All units are 1+1's and were heavily updated with condo-quality finishes in the past few years. Units feature dishwashers, microwaves, recessed lighting and many have private balconies. There is uncovered, assigned parking in the rear for every unit. Windows were also updated in the past 10 years and there is onsite laundry. The building is located on Venice Blvd just blocks from the Sunday Mar Vista Farmers Market as well as many new apartment buildings. It's just minutes from the 405 & 10 Freeways, as well as Venice and Santa Monica. Centrally located to everything with many restaurants and shops within a 5-minute walk. Average home values in the immediate area exceed $1.7MM. Excellent lender financing available for qualified Buyers - 36% down, 5.25% fixed for 5 years. CONTACT LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
Location
State CA
County Los Angeles
Area C13 - Palms - Mar Vista
Zoning LAR3
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Appliance Dishwasher, Microwave
Laundry Common Area
Exterior
Parking Features Assigned
Total Parking Spaces 9
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4214017036
Special Listing Condition Standard
Listed by Jonathan Swire The Agency
Bought with Jonathan Swire The Agency
Bought with Jonathan Swire The Agency