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. Excellent 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 11.3 GRM and 5.6% 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.
| MLS # | 26832909 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1962 |
| Days On Site | 107 |
| Listing Provided By | Roque & Mark Company, Inc. | David Schuchman |
| Bed(s) | 12 |
|---|---|
| Bath(s) | 13 |
| SQ Feet | 8,109 |
| Car Port | Yes |
| Story(s) | 1 |
| Units | 9 |
| Building(s) | 1 |
| Zoning | LAR3 |
| Acreage | 0.19 |
| Cooling | None |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
| Appliances | Dishwasher, Disposal |
| Roof | Composition, Shingle |
|---|
| Parking Features | Carport, Driveway |
|---|
| Sewer | Other |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90034 |
| Area | C13 Palms Mar Vista |
| Listing VS Median (in 90034) | |
Price: $2,395,000 low | high Med: $2,400,000 sqft: 8,109 low | high Med: 7,321 $ / sqft: $295 low | high Med: $328 On site: 107 low | high Med: 203 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90034 |
| Area | C13 Palms Mar Vista |
| Listing VS Median (in 90034) | |
Price: $2,395,000 low | high Med: $2,400,000 sqft: 8,109 low | high Med: 7,321 $ / sqft: $295 low | high Med: $328 On site: 107 low | high Med: 203 | |