$2,799,000
SOLD APR 28, 2025
9 Beds
9 Baths
6,900 Sq Ft
6,912 Sq Ft Lot

Recently Sold

$406 Per Sq Ft

26 Days on Market

About This Home

As of April 2025

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 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.

Last Agent to Sell the Property

Jon Swire

The Agency License #01336277 Listed on: 02/21/2025

The Agency

Last Buyer's Agent

Jon Swire

The Agency License #01336277 Listed on: 02/21/2025

The Agency

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1984

Interior Spaces

  • 6,900 Sq Ft Home
  • 2-Story Property

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 9 Bathrooms

Parking

  • 9 Open Parking Spaces
  • 9 Parking Spaces
  • Assigned Parking

Additional Features

  • 6,912 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 9 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 4214-017-036

Property Details

Home Type

Multi-Family

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 6900
  • Lot Acreage: 0.1587
  • Stories: 2
  • Year Built: 1984
  • Number Of Photos: 16
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 9
  • Laundry: Community
  • Total Bathrooms: 9.00
  • Equipment: Dishwasher, Microwave
  • Price Per S Q F T: 405.65

Exterior Features

  • Other Structures: None

Garage/Parking

  • Other Spaces: 9
  • Parking Garage: Assigned
  • Total Parking: 9

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 23.94
  • Assessed Improvement Value: 902026
  • Assessed Land Percent: 76.06
  • Assessed Land Value: 2865261
  • Total Assessed Value: 3767287
  • Assessor Parcel Number: 4214-017-036
  • Lot Size Area: 6912

Multi Family

  • Unit Type: 2106
  • Gross Rent Multiplier: 11.90
  • Number Of Units: 9
  • Total Annual Expense: 80000
  • Type Of Units: Income
  • Vacancy Rate: 0%

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2025 04/28/25 Sold $2,799,000 0.0% $406 / Sq Ft
02/21/2025 02/21/25 For Sale $2,799,000 -6.1% $406 / Sq Ft
05/30/2017 05/30/17 Sold $2,980,000 +2.8% $432 / Sq Ft
04/10/2017 04/10/17 Pending -- -- --
03/24/2017 03/24/17 For Sale $2,900,000 +48.0% $420 / Sq Ft
09/25/2013 09/25/13 Sold $1,960,000 -5.5% $284 / Sq Ft
08/30/2013 08/30/13 Pending -- -- --
07/04/2013 07/04/13 For Sale $2,075,000 -- $301 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 25501681

The MLS