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First time on the market in 36 years! This 9-unit property presents an incredible opportunity to add value to a very desirable asset in a premium location. Built in 1964, the structure totals 6,830 SF situated on a 7,105 SF lot. The unit mix consists of (1) 3Bed/2Bath, (2) 2Bed/2Bath, (2) 2Bed/1Bath and (4) 1Bed/1Bath units. There are 10 parking spaces. The property has been professionally managed for years and offers 60% rental upside. The Pro Forma Cap Rate is 8.77% and Pro Forma GRM is 7.35.The asking price for this asset is $2,100,000 which represents pricing indicators of 3.85% Cap Rate, 11.73 GRM, $233,333 Per Unit and $307.47 Per SF.
| DAYS ON MARKET | 23 | LAST UPDATED | 11/15/2025 |
|---|---|---|---|
| YEAR BUILT | 1964 | COMMUNITY | C13 - Palms - Mar Vista |
| COUNTY | Los Angeles | STATUS | Active |
| PROPERTY TYPE(S) | Residential Income |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| APPLIANCES | Disposal |
| AREA | C13 - Palms - Mar Vista |
| GARAGE | Attached Garage |
| HEAT | Wall Furnace |
| LOT | 7109 sq ft |
| LOT DIMENSIONS | 7107 |
| PARKING | Attached, Attached Carport |
| STORIES | 2 |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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