NOT LISTED FOR SALE
19 Beds
14 Baths
9,527 Sq Ft
0.46 Acres

Last Sold October 27, 2022

Last sale price $4,200,000 $441 Per Sq Ft

96 Days on Market

Highlights

  • Ocean View
  • 0.46 Acre Lot
  • Side by Side Parking
  • Mar Vista Elementary Rated A
  • Balcony
  • Laundry Room

About This Home

As of October 2022

Do not miss out on this property with two structures on an almost 20k lot. Golden investment opportunity on the Westside, just over 2 miles to the beach! The single family residence features 5 bedrooms, and 4 baths. This spacious home was designed to be 2 units, one upstairs and one down. Currently a single family, 3,089 sqft. Owner occupied.High ceilings impress as you make your way into the main living room. The primary house is accompanied by 3 garages and 1 additional uncovered space. Featuring 2 fireplaces, 2 balconies, a generously sized backyard, and ocean views. This property exudes the desirable California lifestyle. The front apartment building measures approximately 6,438 sq ft from the outside, however buyer to verify size of individual units with an accepted offer. The following is the unit mix with (2) studios, (3) 1 bedroom, 1 bath units, (3) 2 bedroom, 1 bath units, and (1) 3 bedroom. 17 total parking spaces which include (7) side-by-side carports, (2) tandem uncovered (8) additional uncovered parking. Coin laundry. Fully rented.Centrally located near trendy and popular restaurants, cafes, and shops as well as bus lines! Bring your developers and a vision to capitalize on this rare and profitable opportunity! Main house can be easily shown however the units will be inside with an accepted offer. Some may be available for earlier entry to qualified buyers.

Last Agent to Sell the Property

Sherri Noel

KW Advisors License #01329053 Listed on: 05/25/2022

KW Advisors

Last Buyer's Agent

Dru Schroer

Central Realty Advisors Inc License #02111350

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1958

Lot Details

  • 0.46

Home Design

  • Asphalt Roof

Interior Spaces

  • 9,527 Sq Ft Home
  • 2-Story Property
  • Ocean Views
  • Alarm System
  • Oven or Range

Bedrooms and Bathrooms

  • 19 Bedrooms
  • 14 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 3 Car Garage
  • Carport
  • Side by Side Parking
  • Driveway

Utilities

  • Central Heating and Cooling System
  • Sewer in Street

Additional Features

  • Balcony
  • 0.46 Acre Lot

Listing and Financial Details

  • Tenant pays for electricity
  • The owner pays for water
  • Assessor Parcel Number 4248-016-031

Community Details

Overview

  • 2 Buildings
  • 10 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • Vacancy Allowance $96,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 9527
  • Lot Acreage: 0.4577
  • Stories: 2
  • Year Built: 1958
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 19
  • Laundry: Community, Laundry Area
  • Total Bathrooms: 14.00
  • Equipment: Alarm System, Range/Oven, Washer, Dryer, Refrigerator
  • Price Per S Q F T: 482.84

Exterior Features

  • Other Features: Balcony
  • Other Structures: None
  • Roof: Asphalt
  • View: Ocean
  • View: Yes

Garage/Parking

  • Parking Garage: Carport, Garage - 3 Car, Garage, Side By Side, Driveway
  • Total Parking: 15

Utilities

  • Cooling: Central
  • Heating: Central
  • Sewer: In Street
  • Water Expense: 12759.00

Fee Information

  • Gas Expense: 7597.00
  • Insurance Expense: 14038.00
  • Maintenance Expense: 16737.00
  • Management Expense: 10164.00

Lot Info

  • Assessed Improvement Percent: 77.26
  • Assessed Improvement Value: 424635
  • Assessed Land Percent: 22.74
  • Assessed Land Value: 125007
  • Total Assessed Value: 549642
  • Assessor Parcel Number: 4248-016-031
  • Lot Size Area: 19935

Rental Info

  • Total Actual Rent: 220032.00
  • Lease Per Month Year: Year
  • Owner Pays: Water
  • Rent Control: Yes
  • Tenant Pays: Electricity

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 14.55
  • Gross Scheduled Income: 316032.00
  • Number Of Units: 10
  • Type Of Units: SFR/APT
  • Vacancy Allow: 96000

Tax Info

  • Tax Expense: 57500.00

MLS Schools

  • School District: Los Angeles Unified

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 List to Sale Price per Sq Ft
10/27/2022 10/27/22 Sold $4,200,000 -8.7% $441 / Sq Ft
08/29/2022 08/29/22 Pending -- -- --
08/24/2022 08/24/22 Price Changed $4,600,000 -10.2% $483 / Sq Ft
07/05/2022 07/05/22 Price Changed $5,125,000 -9.9% $538 / Sq Ft
05/25/2022 05/25/22 For Sale $5,689,000 -- $597 / 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: 22-157743

The MLS