Roque & Mark Co. is pleased to represent this well maintained 9-unit apartment building in the most desirable living area of Palms - north of Venice Blvd. and steps to restaurants, shopping, and downtown Culver City. This property can be purchased separately or with 3735 Mentone Ave. Excellent… Read More unit mix consisting of (1) 3 beds + 2 baths, (3) 2 beds + 2 baths, (4) 1 bed + 1 bath, and (1) bachelor unit. The property is fully occupied and currently offered at a 11.5 GRM and 5.5% CAP rate with actual rents. Every unit has its own balcony or patio. Plenty of parking with 8 individual spaces and 10 total if used as tandem. There is an alley. All soft-story retrofitting and balcony inspections have been completed. Large building footprint with 8,102 sf of living area on an 8,259 sf lot. For investors, this is an opportunity to acquire a solid, well-located multifamily asset with lasting appeal and upside potential in an area known for high enduring desirability. This is a quiet street despite its close proximity to shops, cafes, and restaurants. Subject to City of Los Angeles Rent Stabilization. Read Less
Property listed by Roque & Mark Company, Inc., David Schuchman 310-259-7556
Listing Snapshot
Days Online
44
Last Updated
Beds
12
3/4 Baths
13
Square Ft.
8,109
Lot Size
0.19 Acres
Year Built
1962
MLS Number
26832909
Additional Details
Appliances & Equipment
Dishwasher, Disposal
Building
Built in 1962, Living area: 8109.0, 1 building, 2 stories, Levels: One
Cooling
None
Heating
WallFurnace
Income
Gross Income: $207,444, Net Operating Income: $130,933
Laundry
CommonArea
Lot
0.1896 acres, Dimensions: 55x150
Parking
8 carport spaces, 2 open parking spaces, 10 total parking spaces, Carport, Driveway
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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