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Key Details
Sold Price $1,760,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 4,536 sqft
Price per Sqft $388
MLS Listing ID CL23313347
Sold Date 11/28/23
HOA Y/N No
Year Built 1956
Lot Size 7,727 Sqft
Acres 0.18
Property Description
We are proud to present this well located 5-unit multifamily property located at 4211 McLaughlin Ave. Nestled in the highly sought after Mar Vista neighborhood, just outside the border of Culver City, 4211 McLaughlin Ave presents an extraordinary opportunity for investors to acquire a multifamily asset with exceptional value-add potential.Built in 1956, this well-maintained property features a building size of 4,536 square feet and sits on a lot spanning 7,752 square feet (0.18 acres).The property consists of five 2-bedroom, 1-bathroom units, averaging about 900 square feet. Residents can enjoy a common area courtyard, perfect for outdoor relaxation, and a convenient common area laundry room. Parking is not an issue as the building offers eight parking spotsfour surface spots in front and four garages in the back alley.One of the most enticing aspects of this investment is the considerable upside in gross rents. There's over 45% potential upside, and rents can be increased in February 2024 by 7% without having to undertake any renovations (buyer to verify with LA City RSO).Additionally, three of the four garages in the back alley are currently leased out, providing an extra stream of income. Those three garages are signed up on separate leases which makes them fully non-rent cont
Location
State CA
County Los Angeles
Area Listing
Zoning LAR3
Interior
Fireplace No
Exterior
Parking Type Covered, Other
Building
New Construction No
Others
Tax ID 4233007010
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© 2024 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Bought with FilipNiculete