3552 S Centinela Avenue,Los Angeles, CA 90066
Los Angeles, CA 90066
Description
Exceptional opportunity to acquire a non-RSO, 11 unit apartment building comprised of 9 2-bedroom/2-bathroom units, and 2 one-bedroom/one-bath units, originally built in 1987 and totaling approximately 10,514 square feet of living space. The property currently offers an attractive 5.3% cap rate, with approximately 25% rental upside, presenting investors with the potential to achieve a projected cap rate of up to 7% as rents are brought to market levels. Amenities include assigned parking in a subterranean garage, community laundry facilities, and individually metered gas and electric utilities. The building has also benefited from recent capital improvements such as brand new roof, enhancing the property's condition and reducing near-term maintenance requirements. Ideally located in the heart of Mar Vista, just minutes from Venice Beach and Downtown Culver City. With strong rental demand, significant rental upside, and a highly desirable central location, this asset presents a compelling opportunity for investors seeking both stable current income and long-term value growth in one of Los Angeles' most dynamic rental markets.
Details
| MLS # | SB26178268 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1987 |
| Days On Site | 25 |
| Listing Provided By | Compass | Tamas Batyi |
Features
| SQ Feet | 10,514 |
|---|---|
| Garage | 20 |
| Story(s) | 2 |
| Units | 11 |
| Building(s) | 1 |
| Acreage | 0.19 |
Interior
| Cooling | Central Air |
|---|---|
| Heating | Central |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Exterior
| Lot Features | Rectangular Lot |
|---|
Parking
| Garage Yes / No | Yes |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90066 |
| Area | C13 Palms Mar Vista |
| Listing VS Median (in 90066) | |
Price: $3,800,000 low | high Med: $1,990,000 sqft: 10,514 low | high Med: 3,203 $ / sqft: $361 low | high Med: $692 On site: 25 low | high Med: 132.5 | |
Market Activity 90066
Request a showing
Request a showing
Contact
Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90066 |
| Area | C13 Palms Mar Vista |
| Listing VS Median (in 90066) | |
Price: $3,800,000 low | high Med: $1,990,000 sqft: 10,514 low | high Med: 3,203 $ / sqft: $361 low | high Med: $692 On site: 25 low | high Med: 132.5 | |