3552 S Centinela Avenue, Los Angeles, CA 90066
List Price: $3.8M
Listing Status: ActiveUnderContract
0Days on Market: 18
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1987
Lot Size: 8,444 sq ft
Garage Spaces: 20
Private Pool: Yes
MLS Number: SB26178268
About This Property
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.
Listing provided by: Tamas Batyi DRE #02053534 310-241-3038 tamasbatyigroup@gmail.com, Compass
Source: CRMLS, MLS #: SB26178268
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.