3755 Clarington Ave, Los Angeles, CA 90034

10 Unit Apartment Building | $3,195,000 ($319,500/Unit) | 4.05% Cap Rate | Los Angeles, CA 90034

Asking Price $3,195,000

Property Type: Multifamily
Square Feet: 8,378 SF

Listing Contacts

Gary Fox

Property Overview

3755 Clarington Avenue is a terrific 10 unit apartment building located in the Palms neighborhood of Los Angeles. Built in 1963, the property contains an excellent mix of units consisting of 2 - One Bedroom + One Bath Units and 8 –Two Bedroom + One and a Half Bath Townhome Units. The building is 8,378 square feet and is situated on a 10,278 square foot lot. The property is just a half block north of Venice Blvd. - only a short distance to Downtown Culver City which is home to Apple, Amazon Studios, HBO, and Sony. Superb retail amenities and access to several key job hubs in Culver City, Century City, Santa Monica, and Playa Vista makes this a compelling, high demand location for renters. This is a great opportunity for an investor to purchase a value-add income property in one of the most sought after neighborhoods in Los Angeles.
*Unit square footage is estimated

Property Details

Class: C
Year Built: 1963
Stories: 2
Lot Size (sq. ft): 10,454 SF
Units: 10

Highlights

Well maintained 10 unit apartment building located in a prime Palms neighborhood, just a short distance to downtown Culver City.
Excellent mix of 2 - One Bedroom + One Bath Units and 8 - Two Bedroom + One and a Half Bath Townhome Units.
Highly coveted location that offers tenants close access to many upscale restaurants, exercise facilities, and shopping destinations in Culver City.
Located right by numerous tech & media company offices & studios including: Amazon, Apple, Sony, and HBO.

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