3653 Overland Ave, Los Angeles, CA 90034
3653 Overland Ave, Los Angeles, CA 90034
3653 Overland Ave, Los Angeles, CA 90034
21
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$2,600,000
Est. payment /mo
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10 Beds
14 Baths
5,480 SqFt
New

3653 Overland Ave Los Angeles, CA 90034

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,480 sqft

Price per Sqft $474

MLS Listing ID 26107017

Bedrooms 10

Year Built 1957

Lot Size 5,756 Sqft

Acres 0.1321

Property Sub-Type Multi-Family

Property Description

Rare opportunity to acquire a 14-unit multifamily property in the highly desirable Palms neighborhood of West Los Angeles, offering an attractive 6.12% current cap rate, substantial rent upside, three currently vacant units, and completed major compliance improvements. Built in 1957, the approximately 5,480-square-foot building is situated on a 5,756-square-foot LAR4 lot and features an efficient unit mix of ten 1-bedroom/1-bath units and four studio units, along with five on-site parking spaces.At an asking price property is offered at an attractive basis of approximately $185,714 per unit and a 6.12% current cap rate. Ownership currently holding off market 3 vacant units to all buyer to create increase income. Located in Palms, one of the Westside's most established rental neighborhoods, positioned between Culver City, Mar Vista, Cheviot Hills, and West Los Angeles. Residents benefit from convenient access to Culver City, Century City, Westwood/UCLA, Santa Monica, Playa Vista, the Metro E Line, I-10 and I-405 freeways, as well as major media, entertainment and technology employment centers throughout the Westside.

Location

State CA

County Los Angeles

Area Palms - Mar Vista

Zoning LAR4

Rooms

Other Rooms None

Interior

Heating Wall

Cooling None

Flooring Carpet, Laminate, Hardwood, Mixed

Fireplaces Type None

Equipment Built-Ins, Range/Oven, Refrigerator, Garbage Disposal

Laundry Community

Exterior

Parking Features Assigned, Carport Attached

Garage Spaces 5.0

Pool None

Building

Story 3

Sewer In Street

Level or Stories Three Or More

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Tierra Properties

NEARBY SCHOOL & BUSINESS

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David Jones
David Jones

Agent RE.S.0072438

+1(702) 883-8801 | davidsellslasvegas@gmail.com

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3653 Overland Ave