$2,300,000

Estimated payment $14,446/month

Total Views 2,042
8 Beds
7 Baths
6,490 Sq Ft
$354 Price per Sq Ft

Highlights

  • Cooling System Mounted To A Wall/Window
  • Laundry Room
  • Wall Furnace
  • Venice High School Rated A

About This Home

Keller Williams Realty and Everyday Real Estate Inc. are pleased to offer this exclusive bread and butter, prime Mar Vista 8-unit (two non- conforming) property. The property boasts a favorable unit mix of two 0+1, one 1+1, three 2+1, one 2+2, and one 3+2. Three of the units are fully furnished and operating on month-to-month leases and can be delivered vacant. (0+1, 1+1, 2+2) Retrofit and ADU plans and permits are included (owner spent $42K). This new 2+1 unit is projected to increase revenue by $28.8K per year and will satisfy the retrofit requirement. Permits have been filed but no work has commenced. Property is master metered for water, has 6 parking spaces and laundry room onsite with leased washer and dryer. Great Westside location south of Washington Place and West of Centinela. Walking distance to shopping, markets, banks, gyms, restaurants, a bowling alley, and a coffee shop. Located in the heart of the Mar Vista submarket in Los Angeles just minutes away from all that the area has to offer. The neighborhood boasts a blend of residential charm and urban convenience, making it an attractive location for potential renters.

Listing Agent

Mike Brooks

Keller Williams Realty Brokerage Phone: 657-837-6004 License #01830060 Listed on: 07/26/2025

Keller Williams Realty

Co-Listing Agent

Ivy Gherscovici

Everyday Real Estate, Inc. Brokerage Phone: 657-837-6004 License #01329697

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 6,001 Sq Ft Lot
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Apartment
  • Entry on the 1st floor

Interior Spaces

  • 6,490 Sq Ft Home
  • 2-Story Property

Kitchen

  • Gas Oven
  • Gas Range

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Parking

  • 6 Parking Spaces
  • 6 Carport Spaces

Location

  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 23
  • Tax Tract Number 19812
  • Assessor Parcel Number 4232029023
  • $1,213 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Building Details

  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • Fuel Expense $3,916
  • Insurance Expense $6,000
  • Maintenance Expense $8,000
  • Supplies Expense $2,500
  • Trash Expense $4,908
  • Water Sewer Expense $26,718
  • New Taxes Expense $30,000
  • Operating Expense $89,324
  • Gross Income $201,231
  • Net Operating Income $105,922

Additional Features

  • 8 Units
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Listing Details

  • CapRate: 4.61
  • Price Per Unit: 287500
  • Property Attached: Yes
  • Supplies Expense: 2500.00
  • Water Sewer Expenses: 26718.00
  • Zoning: LAR3
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 4232029023
  • Year Built: 1959
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 354.39

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range, Refrigerator
  • Electric: Standard
  • Heating Type: Wall Furnace
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 4908.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6001.00
  • Lot Size Acres: 0.1378

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Fuel Expense: 3916.00
  • Gross Income: 201231.00
  • Gross Multiplier: 11.43
  • Gross Scheduled Income: 201231.00
  • Insurance Expense: 6000.00
  • Laundry Equipment Own Lease: Lease
  • Lot Size Area: 6001.0000 Square Feet
  • Maintenance Expense: 8000.00
  • Net Operating Income: 105922.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Units Total: 8
  • Number With Range: 6
  • Number With Refrigerator: 8
  • Operating Expense: 89324.00
  • Rent Control: Yes
  • Total Expenses: 89324.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 30000.00
  • Tax Census Tract: 2723.02
  • Tax Lot: 23
  • Tax Tract Number: 19812
  • TaxOtherAnnualAssessmentAmount: 1213.00

Map

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
07/26/2025 07/26/25 For Sale $2,300,000 -- $354 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25168395

California Regional Multiple Listing Service (CRMLS)