Property listed by Compass, D. Timothy Byrne 310-820-0195
$1,997,500
Classic 1931 California cottage situated on an approximately 7,500 square foot lot in the desirable Palms, Mar Vista submarket. The front residence is a two-story, three-bedroom, one-bath home featuring private access, a charming front yard, and a separate rear backyard, offering a strong owner-user component with added privacy and appeal.… Read More Constructed in 1959, the rear of the property includes three additional two-bedroom, one-bath units positioned above five-car parking, along with a dedicated on-site laundry room. One of the two-bedroom units is currently vacant, providing immediate upside potential. The property presents a value-add opportunity through renovation and repositioning, with the potential for further unit enhancement and possible ADU development (buyer to verify). This offering is well-suited for investors seeking a blend of in-place income and long-term growth. This offering is to be sold in conjunction with, and to close concurrently with, the adjacent parcel, creating a rare assemblage opportunity. The combined offering represents a multifamily investment opportunity consisting of two contiguous parcels (APNs 4314-015-011 and 4314-015-012) located in the desirable Palms/Mar Vista submarket of West Los Angeles. Situated on approximately 15,000 square feet of land, this configuration provides investors with multiple acquisition strategies, including redevelopment, value-add repositioning, or owner-user occupancy. Read Less
Listing Snapshot
Days Online
8
Last Updated
Beds
8
Square Ft.
4,076
Lot Size
0.17 Acres
Year Built
1931
MLS Number
26668187
Additional Details
Building
Built in 1931, Living area: 4076.0, 2 buildings, 2 stories, Levels: MultiSplit
Cooling
None
Heating
WallFurnace
Income
Gross Income: $148,070, Net Operating Income: $97,668
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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