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  • Status:Active
  • Square Foot:9,652
  • Lot Size:0.32 Acres
  • Community:Palms - Mar Vista
  • Zip Code:90066
  • Property Type:Residential Income
  • List Date:Wed, Sep 13 2017

Property Description

Please contact broker for a full marketing package. Prime Mar Vista location 11-unit multi-family property consisting of 3 buildings on a large double lot of over 14,000 S.F. suitable to develop luxury condominiums. The Property features an excellent mix of 8-two bedroom one bath + dining area, 2-one bedroom one bath units and 1-three bedroom two bath unit suitable for an owner/user. The property is separately metered for gas and electricity minimizing the owner's expenses. The property also features a laundry room for the convenience of the residents and additional monthly income as the machines are owned by the seller. With significant upside of approximately 44% in rents, a savvy investor will be able to increase the cash flow of the property and add value to the asset by increasing the rents as the units turnover.

Property Details

Essential Information

  • MLS #17270154
  • Price$4,600,000
  • Square Footage9,652
  • Acres0.32
  • Year Built1948
  • TypeResidential Income
  • StatusActive

Interior

  • AppliancesNone
  • CoolingNone
  • # of Stories2

Listing Details

  • Listing AgentRamin Gheitanchi
  • Listing OfficeCharles Dunn West La

Community Information

  • Address12518 Venice
  • AreaPalms - Mar Vista
  • CityLos Angeles
  • CountyLos Angeles
  • StateCA
  • Zip Code90066

Additional Information

  • Zip Code90066

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