PRICED TO SELL. 11.9 GRM and 5.4% CAP for Non Rent Control on the Westside of Los Angeles. Upside to a 6.3% CAP at market rents. 9 units in Mar Vista (Los Angeles) subject to AB 1482 rent control - maximum annual increase of 5% + CPI. The property is… Read More professionally managed and well maintained. Average rents for similar 1+1's in the area is $2,432, providing a new owner with 10%+ rental upside. All units are 1+1's and were heavily updated with condo-quality finishes in the past few years. Units feature dishwashers, microwaves, recessed lighting and many have private balconies. There is uncovered, assigned parking in the rear for every unit. Windows were also updated in the past 10 years and there is onsite laundry. The building is located on Venice Blvd just blocks from the Sunday Mar Vista Farmers Market as well as many new apartment buildings. It's just minutes from the 405 & 10 Freeways, as well as Venice and Santa Monica. Centrally located to everything with many restaurants and shops within a 5-minute walk. Average home values in the immediate area exceed $1.7MM. Excellent lender financing available for qualified Buyers - 36% down, 5.25% fixed for 5 years. CONTACT LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM. Read Less
Courtesy of The Agency 424-230-3700
Listing Snapshot
Days Online
21
Last Updated
Property Type
Other
Beds
9
Square Ft.
6,900
Lot Size
0.16 Acres
Year Built
1984
MLS Number
25501681
30 Days Snapshot Of 90066
$2,021k
-17%
(avg) sold price
30
+172%
homes sold
64
-37%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dishwasher, Microwave
Building
6,900 sq ft, Built in 1984, Levels: Two
Cooling
None
Disclosures
None
Garage
Assigned
Heating
Wall
Laundry
Community
Lot
LotAcreage: 0.1587, LotSizeArea: 6,912
Parking
OpenOtherSpacesTotal: 9, TotalParking: 9
Property
NumberOfUnits: 9, Zoning: LAR3
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