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$1,618,000
Est. payment /mo
6 Beds
4 Baths
2,436 SqFt
UPDATED:
12/05/2024 12:13 AM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,436 sqft
Price per Sqft $664
MLS Listing ID 24344977
Bedrooms 6
HOA Y/N No
Year Built 1930
Lot Size 3,850 Sqft
Property Description
The property consists of four strategically positioned units in the prime West Los Angeles (WLA) area, featuring a unit mix of two 2+1 units and two 1+1 units. Noteworthy amenities include three single-car garages at the rear, accessible through the alley, and an additional off-street parking space in the front. Each unit is equipped with individual meters, and all units have long-term tenants currently paying below-market rents. This property presents a promising opportunity for investors interested in potential development projects. Whether the focus is on adding an Accessory Dwelling Unit (ADU) or gradually adjusting rents to align with market rates, there are various avenues to leverage the property's advantageous location and potential. These strategic measures have the potential to significantly increase the property's overall value over time. However, all potential buyers need to be aware of and thoroughly investigate Los Angeles rent control regulations and restrictions before proceeding with any plans. Understanding these factors is crucial for making informed decisions in the dynamic real estate market of Los Angeles.
Location
State CA
County Los Angeles
Area C13 - Palms - Mar Vista
Zoning LAR3
Interior
Heating Natural Gas
Cooling None
Fireplace No
Laundry Laundry Room
Exterior
Parking Features Door-Multi, Driveway, Garage
Pool None
View Y/N No
View None
Attached Garage No
Total Parking Spaces 4
Private Pool No
Building
Faces East
Entry Level Two
Sewer Other
Architectural Style Spanish
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4246025013
Special Listing Condition Standard
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Listed by Ian Hale • RE/MAX ESTATE PROPERTIES