THREE units delivered VACANT - 3651 McLaughlin Ave presents a rare opportunity to acquire a ten-unit multifamily property in the highly desirable West Los Angeles submarket of Mar Vista, adjacent to Venice and Culver City. Situated in one of the most sought-after rental markets, the property benefits from its proximity… Read More to a diverse array of shopping, dining, and entertainment options. Positioned on a 7,388 SF lot, the building offers 7,414 SF of rentable space, consisting of five (5) two-bedroom, one-and-a-half-bath units and five (5) one-bedroom, one-bath units. This rarely traded asset provides investors with significant value-add potential, featuring over 20% rental upside and ADU development opportunities in the existing tuck-under parking. This offering represents a compelling investment for a savvy investor seeking to capitalize on the strong demand and future growth of one of Los Angeles' premier rental markets. Read Less
Property listed by Kidder Mathews of California, Inc., Nathan Shaolian 310-312-1800
Listing Snapshot
Days Online
125
Last Updated
Property Type
Other
Beds
15
Square Ft.
7,414
Lot Size
0.17 Acres
Year Built
1961
MLS Number
25522613
30 Days Snapshot Of 90066
$2.38M
-5%
(avg) sold price
34
-12%
homes sold
49
-16%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dryer
Building
Built in 1961, Building area total: 7,414, Levels: Two, MultiSplit, Living area: 7414, 2 stories, 1 building
Heating
NaturalGas
Income
Gross income: $280,512, Net operating income: $185,833
Lot
0.1697 acres, 7,390 square feet, Size: 7,390
Parking
10 totals parking, Driveway, Uncovered
Property
Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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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