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Amazing bread and butter, prime Mar Vista 8-unit (two non- confirming) property. The property boasts a favorable unit mix of two 0+1, one 1+1, three 2+1, one 2+2, and one 3+2. Half of the units are fully furnished and operating on month-to-month leases. Huge upside potential to renovate and increase rents as four furnished units can be delivered vacant. (0+1, 1+1, 2+1, 2+2) Complete retrofit plans are included with an ADU option (new 2+1 unit) which will be provided at COE. This is projected to increase revenue by $28.8K per year. (Work not started, ADU and Retrofit plans cost $34K so far. Permit not yet pulled) Property is master metered for water, has 6 parking spaces and laundry room onsite with leased washer and dryer.
Property Type(s):
Residential Income
| Last Updated | 1/22/2025 | Year Built | 1959 |
|---|---|---|---|
| Community | Palms - Mar Vista | County | Los Angeles |
Price History
| Prior to Dec 11, '24 | $3,000,000 |
|---|---|
| Dec 11, '24 - Jan 22, '25 | $2,750,000 |
| Jan 22, '25 - Today | $2,500,000 |
Additional Details
| AIR | None |
|---|---|
| AREA | Palms - Mar Vista |
| GARAGE | Carport |
| HEAT | Wall Furnace |
| LOT | 6001 sq ft |
| LOT DESCRIPTION | 0-1 Unit/Acre |
| PARKING | Carport |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| VIEW DESCRIPTION | None |
| WATER | Public |
| ZONING | LAR3 |
Location
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Listed with Keller Williams Realty- YL/ AH
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