NOT LISTED FOR SALE

Los Angeles, CA 90066

Mar Vista Neighborhood
12 Beds
7 Baths
6,083 Sq Ft
6,000 Sq Ft Lot

Last Sold December 21, 2023

Last sale price $1,950,000 $321 Per Sq Ft

108 Days on Market

Highlights

  • Porcelain Tile
  • Venice High School Rated A
  • Laundry Facilities

About This Home

As of December 2023

BACK ON THE MARKET!!! Don't miss out on this great opportunity in prime Mar Vista neighborhood of Los Angeles. Great unit mix, with 5 2-bed/1 bath units, and 2 - 1Bed/1Bath units. Easy access to Venice Beach, Santa Monica, Culver City, LAX and the 405 and 10 Freeways. Some units are vacant allowing for immediate upside in income for an astute investor. Ingoing 4.06% CAP Rate on ACTUAL Occupancy!!! Immediate income increase with 3 vacant units ready to lease. Stabilized CAP Rate of 5.61%.

Last Agent to Sell the Property

Joseph Killinger

Commercial Brokers Int'l. Inc. License #01119814 Listed on: 08/28/2023

Last Buyer's Agent

Outside Agent

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 6,000 Sq Ft Lot

Interior Spaces

  • 6,083 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Laminate
  • Stone
  • Porcelain Tile
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 7 Bathrooms

Parking

  • 5 Parking Spaces
  • Carport

Utilities

  • Heating System Mounted To A Wall or Window
  • Gas Water Heater
  • Central Water Heater
  • Sewer in Street

Community Details

  • 7 Units
  • Laundry Facilities
  • Rent Control

Listing and Financial Details

  • Assessor Parcel Number 4234-009-015

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: Yes
  • Living Area: 6083
  • Lot Acreage: 0.1377
  • Year Built: 1956
  • Number Of Photos: 6
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Flooring: Laminate, Stone Tile, Porcelain, Ceramic Tile, Carpet, Vinyl
  • Bedrooms: 12
  • Laundry: Community
  • Total Bathrooms: 7.00
  • Price Per S Q F T: 406.87

Exterior Features

  • Other Structures: None
  • Paved: Yes

Garage/Parking

  • Parking Garage: Carport
  • Total Parking: 5

Utilities

  • Water Heater: Central Water Heater, Gas
  • Heating: Wall
  • Sewer: In Street
  • Water Heaters: No

Lot Info

  • Assessed Improvement Percent: 68.35
  • Assessed Improvement Value: 132124
  • Assessed Land Percent: 31.65
  • Assessed Land Value: 61193
  • Total Assessed Value: 193317
  • Assessor Parcel Number: 4234-009-015
  • Lot Size Area: 6000

Rental Info

  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 16.19
  • Number Of Units: 7
  • Rent Control: 100
  • Total Annual Expense: 49390
  • Type Of Units: Garden
  • Vacancy Rate: 3

Range of Values:

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Average Value
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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 Change Sq Ft Price
12/21/2023 12/21/23 Sold $1,950,000 -21.2% $321 / Sq Ft
12/14/2023 12/14/23 Pending -- -- --
10/03/2023 10/03/23 For Sale $2,475,000 0.0% $407 / Sq Ft
09/19/2023 09/19/23 Pending -- -- --
08/28/2023 08/28/23 For Sale $2,475,000 -- $407 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Joseph Killinger

    Seller's Agent in 2023

    Joseph Killinger

    Commercial Brokers Int'l. Inc.

    (310) 200-5175

    2 in this area

    10 Total Sales

    Section Image

  • O

    Buyer's Agent in 2023

    Outside Agent

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Source: The MLS

MLS Number: 23-305645

The MLS

California Los Angeles County Los Angeles 90066

Mar Vista

This home since 28 August 2023. This property was built in 1956. This home is a home located in Los Angeles County with nearby schools including Grand View Boulevard Elementary School, Daniel Webster Middle School, and Venice High School.

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