4980 S Centinela Ave

Los Angeles, CA, 90066

$6,100,000

$557 per ft²
$6,100,000
$557 per ft²
Active
Active
 - For Sale
beds
12 Beds
baths
23 Baths
carpenters-square
10,950 ft²
property_type
Multi-family
calendar
Built 2014
PRICE IMPROVEMENT! 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. $374,000 + additional income for parking and utility reimbursements. Current GRM is 17.2 and market at 15.61 GRM; room to immediately improve rents! 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.
MLS® ID:
23-238891
Listed:
2/9/23
Updated:
3/30/23

Interior Features

Total Bedrooms
12
Total Bathrooms
23
Cooling
Central, Wall Unit(s)
Heating
Central, Wall, Wall Electric

Exterior/Building Features

Lot Size
5,858 ft² lot
Exterior Features
None

Other Property Details

Garage
Yes
Parking
Gated, Private Garage, Covered Parking
View
N
County
Los Angeles
Pool
No
Zoning
LAR3

Property History

Date
Event
Price
Value
3/21/23
Price Change
$6,100,000
-4%

Courtesy of Coldwell Banker Realty, Susan Lau,
Listing Contact:  

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©2023 Combined L.A./Westside MLS. All rights reserved.

Data last updated 3/30/23

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