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Key Details
Sold Price $2,395,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 6,193 sqft
Price per Sqft $386
MLS Listing ID CL24405999
Sold Date 09/09/24
HOA Y/N No
Year Built 1964
Lot Size 7,116 Sqft
Acres 0.16
Property Description
Classic mid-century 9-unit apartment building with strong rents and collection history. The building consists of seven -1bedroom 1bath & two -2bedroom 2bath apartments. Soft story retrofit work has been completed. Building offers laundry facilities and 9 parking spaces. Located in the Westside neighborhood of Mar Vista and situated within close proximity to the Silicon Beach tech hub, this area offers access to a vast pool of innovative companies and traditional employers as well as education institutions and government facilities. This creates strong demand for apartments to rent in the area on top of the already acute demand based on the existing housing supply imbalance. This location enjoys convenient access to Marina Del Rey, Playa Del Rey, Venice Beach and Santa Monica. It is close to other Westside communities like Westwood and UCLA, Culver City, Beverly Hills, and the general South Bay area of Los Angeles County. This is a legitimate target for investor capital seeking strong income as the pressure on occupancy expands based on the strong employment base in the area. Please contact the listing agent for more information. PLEASE do not disturb tenants or walk on the property.
Location
State CA
County Los Angeles
Area Listing
Zoning LAR3
Interior
Heating Wall Furnace
Cooling None
Flooring Laminate, Carpet
Fireplace No
Laundry Laundry Room
Exterior
Utilities Available Other Water/Sewer
View Y/N false
View None
Parking Type None
Building
Water Other
New Construction No
Others
Tax ID 4235005002
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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 JuanitaTiu