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    3523 S Sepulveda Blvd

    Los Angeles, CA 90034
    • $1,650,000
    • STATUS: Active
    • ON SITE: 60 days
    • ID#: 20-577162
    $1,650,000
    • 8
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,378
      SQFT
    • $377
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1953
    County:

    School Ratings & Info

    School District:

    Description

    Rare 5 unit apartment building in the up-and-coming Palms Neighborhood with a huge upside in rents. The 2/3 mix of large 1 and 2 bedroom units with parking and on-site laundry equates to tenant desirability. 1 block to the Sepulveda / Palms shopping "quad-angle" that includes Trader Joe's, Starbucks, Coffee Bean & Tea Leaf, a variety of restaurants, a new multi-purpose mixed development, a dozen retail stores plus major public transportation stops makes this a high demand rental location with premium rental value. Being in the heart of West Los Angeles means this property is perfectly situated near Beaches, Santa Monica, Culver City, Beverly Hills, LAX, Silicon Beach and Downtown with the Expo line less than a mile away including a direct bus line connection. Individual Meters. YES, this property is about a big value-add future and an excellent opportunity for the owner/user, investor or developer to claim a diamond in the rough.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-07-07T23:42:23.447. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.randyplaice.com/homes/105663887
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    3523 S Sepulveda Blvd Los Angeles, CA 90034

    • Price: $1,650,000
    • Status: Active
    • ID#: 20-577162
    8
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    4,378
    SQFT
    $377
    $/SQFT
    1953
    Built
    Neighborhood:
    Palms - Mar Vista
    County:
    Los Angeles
    Area:
    Palms - Mar Vista
    School District:
    Los Angeles Unified
    Property Description
    Rare 5 unit apartment building in the up-and-coming Palms Neighborhood with a huge upside in rents. The 2/3 mix of large 1 and 2 bedroom units with parking and on-site laundry equates to tenant desirability. 1 block to the Sepulveda / Palms shopping "quad-angle" that includes Trader Joe's, Starbucks, Coffee Bean & Tea Leaf, a variety of restaurants, a new multi-purpose mixed development, a dozen retail stores plus major public transportation stops makes this a high demand rental location with premium rental value. Being in the heart of West Los Angeles means this property is perfectly situated near Beaches, Santa Monica, Culver City, Beverly Hills, LAX, Silicon Beach and Downtown with the Expo line less than a mile away including a direct bus line connection. Individual Meters. YES, this property is about a big value-add future and an excellent opportunity for the owner/user, investor or developer to claim a diamond in the rough.
    Exterior Features

    Carport Spaces Total 5 Covered Parking 5 Cross Streets Palms Blvd Lot Size Area 6002 Other Structures None Parking Garage Carport Paved YN Yes Total Parking 5

    Interior Features

    Baths Total 5.00 Cooling Other Equipment Other Heating Other Laundry Laundry Area

    Property Features

    Alley YN Yes Electric Expense 600.00 Gardener Expense 1200.00 Gross Income 81313 Gross Operating Income 81313 Insurance Expense 3479.00 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Maintenance Expense 2080.00 Monthly Gross Income 6831.00 Net Operating Income 49015.00 Number Of Buildings 1 Number Of Units 5 Rent Control YN Yes Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 32298 Type Of Units Apartments Water Expense 9939.00 Year Built Source Assessor Zoning Lar3

    Listing provided courtesy of Janina Brzechwa-White DRE#01975780 of Demers & Associates.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-07-07T23:42:23.447. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Valencia CA, 91355