3552 S Centinela Avenue, Los Angeles, CA 90066
- $3,800,000
- List Price
- $3,800,000
- Status
- ACTIVE UNDER CONTRACT
- MLS#
- SB26178268
- Year Built
- 1987
- Lot Size
- 8,444
- Acres
- 0.19
- Lot Location
- Rectangular Lot
- Days on Market
- 29
- Property Type
- Multifamily
- Property Sub Type
- Mixed Use
- Stories
- Two Levels
Property 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.
Additional Information
- Pool Description
- None
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- Garage Spaces Total
- 20
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Detached
- Number Of Units Total
- 11
- Gross Scheduled Income
- $300,140
- Operating Expense
- 92085
Listing courtesy of Listing Agent: Tamas Batyi (tamasbatyigroup@gmail.com) from Listing Office: Compass.
Mortgage Calculator
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