4980 Centinela Ave, Los Angeles, CA 90066
12 Unit Apartment Building | $5,650,000 ($470,833/Unit) | 4.39% Cap Rate | Los Angeles, CA 90066
For Sale
Active
23 pictures
- Date Added:
- September 16, 2024
- Days on Market:
- 7 days
Asking Price $5,650,000
- Property Type
-
Multifamily
- Square Feet
- 10,950 SF
Listing Contacts
Susan Lau
Verified Profile
Eric Sackler
Verified Profile
Mike Khattab
Verified Profile
- Property Info
Property Overview
12 units newly built in 2014 - No Rent Control (No RSO and No AB1482) in desirable West Los Angeles neighborhood in Marina Del Rey bordering Playa Vista, Mar Vista and Culver City. Current scheduled gross income approx. $382,320 + additional income for parking and utility reimbursements. Current GRM is 15.56 and market at 12.92 GRM; room to immediately improve rents! Current CAP is over 4%. Excellent location at the corner of Centinela Ave & Culver Dr. adjacent to Ballona Creek bike path with city, mountain and LA river views from most of the units. Desirable unit mix with eight 1bd+1ba+Loft, three 1bd + 1ba and one large studio. All units are bright, spacious & modern with its own washer/dryer inside, modern kitchens with stainless steel appliances, white quartz countertops, gray laminate floors throughout. Most units have large patios and/or balconies. Building also features large private gym, security gated parking, intercom access, elevator lift from garage to all floors and security cameras. Centrally located close to UCLA , LMU & SMC, easy access to shopping centers, restaurants and freeways. Great tenants with no back rents due and current throughout COVID.
Property Details
- Class
- C
- Year Built
- 2014
- Stories
- 3
- Lot Size (sq. ft)
- 5,663 SF
- Units
- 12
Highlights
- No RSO! Built in 2014
- Spacious units / Most Townhome Style
- Laundry Washer/ Dryer Inside each Unit
- Beautiful Modern Kitchen
- Great Rental Location Near Major Universities, Airport, Beach
- Easy Access to Major FWY
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