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4980 S Centinela Avenue

Los Angeles (City), CA 90066
  • $5,650,000
  • STATUS: Active Under Contract
  • ON SITE: 224 Days
  • ID#: 23310803
Under Contract
UPDATED: 228 min ago
$5,650,000
  • 12
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 10,950
    SQFT
  • $516
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
2014
County:

School Ratings & Info

Listing Agent(s): Susan Lau of Coldwell Banker Realty (310-820-6651) and Eric Sackler of Coldwell Banker Realty(310-820-6651)


Description

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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-25T00:33:35.047. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Mainstreet Realtors®. Licensed in the State of California, USA.
www.mainstreetgroup.com/homes/143372358
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4980 S Centinela Avenue Los Angeles (City), CA 90066

  • Price: $5,650,000
  • Status: Active Under Contract
  • On Site: 224 Days
  • Updated: 228 min ago
  • ID#: 23310803
12
Beds
0
Baths
0
½ Baths
0.13
Acres
10,950
SQFT
$516
$/SQFT
2014
Built
Neighborhood:
C12 - Marina Del Rey
County:
Los Angeles
Area:
C12 - Marina Del Rey
Property Description
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.
Exterior Features

Parking Features CoveredGatedPrivate Parking Total 12 View River View YN Yes

Interior Features

Appliances DishwasherDisposalRefrigeratorDryerWasher Cooling Central Air Cooling YN Yes Heating CentralWall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Association YN No Cap Rate 4.39 Disclosures Seller Disclosure Gross Income 382320 Levels Multi/Split Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 247944 New Construction YN No Rent Control YN No Senior Community YN No Special Listing Conditions Standard Zoning LAR3



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-25T00:33:35.047. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Mainstreet Realtors®. Licensed in the State of California, USA.
 
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Mainstreet Realtors®
8577 Haven Ave, Suite 100
Rancho Cucamonga CA, 91730
Listing Agent(s): Susan Lau of Coldwell Banker Realty (310-820-6651) and Eric Sackler of Coldwell Banker Realty(310-820-6651)