$2,635,000
$2,400,000
9.8%For more information regarding the value of a property, please contact us for a free consultation.
11 Beds
11 Baths
6,915 Sqft Lot
SOLD DATE : 12/07/2021
Key Details
Sold Price $2,635,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID WS21194103
Sold Date 12/07/21
Bedrooms 11
HOA Y/N No
Lot Size 6,915 Sqft
Property Description
Available for the first time in over 30+ years this highly desirable property located in Mar Vista which borders the Silicon Beach towns of Venice & Santa Monica. The property is perfectly positioned between I-10 & I-405 amongst major upscale commercial & residential pockets of Los Angeles, offering residents a perfect balance of a charming residential setting with the perks of being close to Santa Monica & Venice beach, Marina Del Rey, Downtown Los Angeles, LAX, & West LA. The property offers investors & developers an array of opportunities including purchasing and managing the building as is, purchasing and stabilizing rents at market and a value add opportunity of rebuilding the complex to today standards and increasing rents accordingly.
Available for the first time in over 30+ years this highly desirable property located in Mar Vista which borders the Silicon Beach towns of Venice & Santa Monica. The property is perfectly positioned between I-10 & I-405 amongst major upscale commercial & residential pockets of Los Angeles, offering residents a perfect balance of a charming residential setting with the perks of being close to Santa Monica & Venice beach, Marina Del Rey, Downtown Los Angeles, LAX, & West LA. The property offers investors & developers an array of opportunities including purchasing and managing the building as is, purchasing and stabilizing rents at market and a value add opportunity of rebuilding the complex to today standards and increasing rents accordingly.
Location
State CA
County Los Angeles
Area Los Angeles (90066)
Zoning Public Rec
Interior
Cooling Wall/Window, N/K
Exterior
Exterior Feature Stucco
Garage Unit1:Assigned
Building
Lot Size Range 4000-7499 SF
Level or Stories 2 Story
Others
Acceptable Financing Cash, Conventional, Exchange
Space Rent $12,500
Listing Terms Cash, Conventional, Exchange
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Bought with MICHAEL MAK • TFS PROPERTIES, INC.
1420 Kettner Blvd, Suite 100, Diego, CA, 92101, United States