Roque & Mark Co. is pleased to represent this well maintained 8-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 3625 Mentone Ave. Excellent… Read More unit mix consisting of (3) 2 beds + 2 baths, (1) 1 bed + large den + 1 bath, (3) 1 bed + 1 bath, and (1) studio unit. The property is fully occupied and currently offered at a 11.0 GRM and 6.0% CAP rate with actual rents. Most units have their own balcony or patio. Plenty of parking with 8 individual spaces and 11 total if used as tandem. There is an alley. All soft-story retrofitting and balcony inspections have been completed. Large building footprint with 7,318 sf of living area on a 7,502 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
10
3/4 Baths
11
Square Ft.
7,318
Lot Size
0.17 Acres
Year Built
1967
MLS Number
26832941
Additional Details
Appliances & Equipment
Disposal
Building
Built in 1967, Living area: 7318.0, 1 building, 2 stories, Levels: One
Cooling
None
Heating
WallFurnace
Income
Gross Income: $215,424, Net Operating Income: $143,354
Laundry
CommonArea
Lot
0.1722 acres, Dimensions: 50x150
Parking
8 carport spaces, 3 open parking spaces, 11 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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