Prime West Los Angeles location, 3 blocks from Santa Monica. Great unit mix - 7 - 1 bedroom + 1 bath and 2 - 2 bedroom +2 bath units. Large units - 7,825 sq.ft. of building. The property was built in 1970 and it sits on a 6,655 sq. ft. lot. Long term owner. Below market rents with over 50% upside in the rent. The building is Individually metered for electricity and master metered for gas. It is located in the high demand area of West Los Angeles adjacent to Santa Monica. The area is undergoing an enormous transformation with the construction of many new apartment buildings as well as major entertaining companies such as Amazon, Apple and HBO opening offices nearby. Close to the future Google campus. Minutes to Culver City and Santa Monica's popular restaurants, bars, fitness centers and theaters. Close to the 405 and 10freeways. The earthquake soft story retrofit work has been completed. There is an assumable loan with an approximate balance of $1,068,000, 4% fixed until 7/28/2026, due in 2046. Note: The property is co-listed with Mike Poyer - Capital Real Estate Advisors
|
DAYS ON MARKET
|
68
|
LAST UPDATED
|
4/12/2024
|
|
YEAR BUILT
|
1970
|
COMMUNITY
|
West Los Angeles
|
|
COUNTY
|
Los Angeles
|
STATUS
|
Pending
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
| AIR |
Wall/Window Unit(s) |
| AIR CONDITIONING |
Yes |
| AREA |
West Los Angeles |
| BUYER'S BROKERAGE COMPENSATION |
2.000 % |
| GARAGE |
Covered, Garage, Tandem, Yes |
| LOT |
6667 sq ft |
| PARKING |
Covered,Garage,Tandem |
| STORIES |
2 |
| ZONING |
LARD1.5 |
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Listed with Michael Anthony Salerno
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 4/28/24 3:07 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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