NOT LISTED FOR SALE

Los Angeles, CA 90066

Mar Vista Neighborhood
14 Beds
14 Baths
7,296 Sq Ft
9,466 Sq Ft Lot

Last Sold September 01, 2023

Last sale price $3,050,000 $418 Per Sq Ft

22 Days on Market

Highlights

  • Air Conditioning
  • Attached Carport
  • Heating Available
  • Beethoven Street Elementary School Rated 9+

About This Home

As of September 2023

PORTFOLIO SALE the offering is also being sold with 3739 Inglewood Blvd, 4238 Lindblade Dr, 12625 Mitchell Ave,12811 Matteson Ave & 12814 Pacific Ave- This desirable location is centrally located between Palms, Culver City and Venice. Situated in one of the trendiest neighborhoods in Los Angeles, the offering is within walking distance to an array of shopping, entertainment and dining options. This collection of uniquely and rarely traded assets is being offered for sale for the first time in over 5 decades. The Collection contains an excellent unit mix consisting of five studios , 48 1-bedroom & 15 2-bedroom units, which are very suitable for today's market. The Portfolio is priced attractively at only $250,000 per unit & a 13.7 Gross Rent Multiplier. The properties have all been kept mostly in original condition and have deferred maintenance. All properties require mandatory compliance for earthquake seismic retrofit. Buyers shall assume all responsibility and liability to ensure that compliance will be met with Los Angeles Department of Building and Safety, as the ownership is selling the assets in their "AS-IS WHERE IS" condition. This is a brilliant opportunity for a savvy investor to acquire an ultra-prime west side location with significant value-add potential. The Ownership will consider offers on the entire Collection as a whole portfolio or may elect to sell them individually. Currently 5 units will be delivered vacant at the close of escrow. All units are separately metered for gas & electric. There is ample parking available on site for each property and on-site laundry (washer/dryer) for each building.

Last Agent to Sell the Property

Michael Monempour

Lyon Stahl Investment Real Estate, Inc. License #01996829 Listed on: 03/27/2023

Lyon Stahl Investment Real Estate, Inc.

Co-Listed By

Bryan Glenn

Kidder Mathews of California, Inc. License #01441095

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 9,466 Sq Ft Lot

Parking

  • Attached Carport

Home Design

  • 7,296 Sq Ft Home
  • Split Level Home

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 14 Bathrooms

Utilities

  • Air Conditioning
  • Heating Available

Community Details

  • 12 Units

Listing and Financial Details

  • Assessor Parcel Number 4236-014-001

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Multi/Split
  • Street Number Display: No
  • Living Area: 7296
  • Lot Acreage: 0.2173
  • Year Built: 1970
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 14
  • Total Bathrooms: 14.00
  • Price Per S Q F T: 418.04

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Carport Attached

Utilities

  • Cooling: Air Conditioning
  • Heating: Electric

Lot Info

  • Assessed Improvement Percent: 76.11
  • Assessed Improvement Value: 247183
  • Assessed Land Percent: 23.89
  • Assessed Land Value: 77599
  • Total Assessed Value: 324782
  • Assessor Parcel Number: 4236-014-001
  • Lot Size Area: 9466

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 14.02
  • Number Of Units: 12
  • Type Of Units: 2

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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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
09/01/2023 09/01/23 Sold $3,050,000 0.0% $418 / Sq Ft
04/18/2023 04/18/23 Pending -- -- --
03/27/2023 03/27/23 For Sale $3,050,000 -- $418 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Michael Monempour

    Seller's Agent in 2023

    Michael Monempour

    Lyon Stahl Investment Real Estate, Inc.

    (310) 270-8423

    5 in this area

    50 Total Sales

    Michael Monempour
    Section Image

  • B

    Seller Co-Listing Agent in 2023

    Bryan Glenn

    Kidder Mathews of California, Inc.

    (858) 369-3010

    4 in this area

    15 Total Sales

    Bryan Glenn
    Section Image

  • S

    Buyer's Agent in 2023

    Subscriber Non

    Non-Participant Office

See All Agents

Source: The MLS

MLS Number: 23-254618

The MLS
California Los Angeles County Los Angeles 90066

Mar Vista

Not Listed for Sale

MultiFamily

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