THREE PROPERTY TRUST SALE [3674 EMPIRE DR 10 UNITS, 4253 S CENTINELA AVE 6 UNITS, 11817 CULVER BLVD 7 UNITS]. The Glaser Group is pleased to present 3674 Empire Drive, a well-maintained 10-unit multifamily property located in the highly desirable Palms neighborhood of Los Angeles. Built in… Read More 1961, the 10-unit property is comprised of 6 standard units plus 4 legal bachelor guest rooms per the original Certificate of Occupancy. 3674 Empire Dr is a Trust Sale being offered for the first time in 50 years. The property encompasses approximately 6,488 square feet of living space on a 9,279 SF lot and features a diverse unit mix of (4) 2BR/1.5BA, (2) 1BR/1BA units, and (4) bachelor units. One bachelor unit is currently vacant, offering immediate repositioning and leasing at market rate. Current rents remain approximately 32% below market, presenting a compelling value-add opportunity in a tight rental market. Ownership has completed numerous capital improvements in recent years. A new roof was installed in 2022, and the required soft-story seismic retrofit has been completed (2019). In 2025, the entire electrical system was upgraded with Siemens equipment, including new meters, breakers and subpanels. All units are now separately metered for gas and electricity, except for the bachelors which do not have gas lines and are all-electric. Additional improvements include a partial copper repipe (per owner), replacement of the majority of windows and sliding doors, and a 100-gallon water heater. The property offers (7) tandem parking stalls accommodating up to 14 vehicles, and an on-site laundry room with one washer and dryer that generates supplemental income. The tuck-under parking configuration also presents strong attached ADU potential (Buyer to Verify), providing an avenue for future expansion and increased cash flow. Ideally situated in the vibrant Palms submarket, 3674 Empire Drive benefits from strong and consistent rental demand driven by its proximity to Culver City, Santa Monica, and the greater Westside, as well as convenient access to major employment centers, retail, dining, and transportation corridors. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Jake Glaser 310-259-7556
Listing Snapshot
Days Online
73
Last Updated
Beds
10
3/4 Baths
12
Square Ft.
6,488
Lot Size
0.21 Acres
Year Built
1961
MLS Number
26712649
Additional Details
Building
Built in 1961, Living area: 6488.0, 1 building, 2 stories, Levels: Two
Fireplaces
None
Heating
WallFurnace
Income
Gross Income: $204,240, Net Operating Income: $122,737
Laundry
CommonArea
Lot
0.2131 acres
Parking
7 open parking spaces, 14 total parking spaces, AttachedCarport, Garage, Tandem, Uncovered
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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