3535 S Sepulveda Boulevard

    Los Angeles (City), CA 90034
    • $1,695,000
    • STATUS: Active
    • ON SITE: 63 days
    • ID#: SB18224363
    UPDATED: 44 min ago
    $1,695,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,378
      SQFT
    • $387
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1953
    County:

    School Ratings & Info

    Description

    We are excited to present this incredible 5 unit apartment building in Palms, Los Angeles, right on the border of Mar Vista. Featuring a desirable unit mix of (3) 2-Bedroom/1-Bathroom and (2) 1-Bedroom/1-Bathroom Units with a Total Living Area of 4,378 sqft. Built in 1953, this building is situated on a large 6,431 Lot. Located on the Corner of Sepulveda Blvd and Westminster Ave, just 2 miles West of the massive new Culver Steps Mixed-Use Development (75,000 square feet of offices - which have been fully leased by Amazon Studios - atop 35,000 square feet of retail space). Not to mention, just 3 miles Southwest of this property is California Landmark Group's $100mm Mixed-Use Development in Marina Del Rey. This is an incredible opportunity for an investor to own a value-add property, zoned R3 with a Tier 1 T.O.C. designation, in a rapidly developing area of West Los Angeles with limited inventory. This property is subject to Rent Control.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-20T14:32:03.643. 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. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/87571950

    3535 S Sepulveda Boulevard Los Angeles (City), CA 90034

    • Price: $1,695,000
    • Status: Active
    • Updated: 44 min ago
    • ID#: SB18224363
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    4,378
    SQFT
    $387
    $/SQFT
    1953
    Built
    Neighborhood:
    C13 - Palms - Mar Vista
    County:
    Los Angeles
    Area:
    C13 - Palms - Mar Vista
    Property Description
    We are excited to present this incredible 5 unit apartment building in Palms, Los Angeles, right on the border of Mar Vista. Featuring a desirable unit mix of (3) 2-Bedroom/1-Bathroom and (2) 1-Bedroom/1-Bathroom Units with a Total Living Area of 4,378 sqft. Built in 1953, this building is situated on a large 6,431 Lot. Located on the Corner of Sepulveda Blvd and Westminster Ave, just 2 miles West of the massive new Culver Steps Mixed-Use Development (75,000 square feet of offices - which have been fully leased by Amazon Studios - atop 35,000 square feet of retail space). Not to mention, just 3 miles Southwest of this property is California Landmark Group's $100mm Mixed-Use Development in Marina Del Rey. This is an incredible opportunity for an investor to own a value-add property, zoned R3 with a Tier 1 T.O.C. designation, in a rapidly developing area of West Los Angeles with limited inventory. This property is subject to Rent Control.
    Exterior Features

    Garage Spaces 0.00 Lot Features 2-5 Units/AcreCorner Lot Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Area

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features CurbsGuttersSidewalks Country Us Electric Expense 625.00 Elevation Units Feet Fuel Expense 625.00 Gross Income 80280.00 Gross Scheduled Income 80280.00 Insurance Expense 1929.00 Land Lease YN No Laundry YN Yes Maintenance Expense 2408.00 Net Operating Income 48241.00 New Construction YN No New Taxes Expense 21188.00 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Operating Expense 32039.00 Professional Management Expense 4014.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 32039.00 Trash Expense 625.00 Water Sewer Expense 625.00 Water Source Public Year Built Source Assessor Zoning Lar3

    Listing provided courtesy of Peter Charles Rasmussen of Lyon Stahl Investment Real Estate, Inc..


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-11-20T14:32:03.643. 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. Licensed in the State of California, USA.
     
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