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Listed by Tamas Batyi, DRE #02053534 • Compass
$ 3,800,000
Est. payment /mo
Active
3552 S Centinela AVE Los Angeles, CA 90066
8,444 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB26178268
Year Built 1987
Lot Size 8,444 Sqft
Source California Regional MLS
Property Description
Exceptional opportunity to acquire a non-RSO, 11 unit apartment building comprised of 9 2-bedroom/2-bathroom units, and 2 one-bedroom/one-bath units, originally built in 1987 and totaling approximately 10,514 square feet of living space. The property currently offers an attractive 5.3% cap rate, with approximately 25% rental upside, presenting investors with the potential to achieve a projected cap rate of up to 7% as rents are brought to market levels. Amenities include assigned parking in a subterranean garage, community laundry facilities, and individually metered gas and electric utilities. The building has also benefited from recent capital improvements such as brand new roof, enhancing the property's condition and reducing near-term maintenance requirements. Ideally located in the heart of Mar Vista, just minutes from Venice Beach and Downtown Culver City. With strong rental demand, significant rental upside, and a highly desirable central location, this asset presents a compelling opportunity for investors seeking both stable current income and long-term value growth in one of Los Angeles' most dynamic rental markets.
Location
State CA
County Los Angeles
Area C13 - Palms - Mar Vista
Interior
Heating Central Forced Air
Cooling Central AC
Laundry Laundry Area, Washer/Dryer - Owned
Exterior
Garage Spaces 20.0
Pool None
Building
Water District - Public
Others
Tax ID 4248025078
Special Listing Condition Not Applicable
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