The property consists of four strategically positioned units in the prime West Los Angeles (WLA) area, featuring a unit mix of two 2+1 units and two 1+1 units. Noteworthy amenities include three single-car garages at the rear, accessible through the alley, and an additional off-street parking space in the front. Each unit is equipped with individual meters, and all units have long-term tenants currently paying below-market rents. This property presents a promising opportunity for investors interested in potential development projects. Whether the focus is on adding an Accessory Dwelling Unit (ADU) or gradually adjusting rents to align with market rates, there are various avenues to leverage the property’s advantageous location and potential. These strategic measures have the potential to significantly increase the property’s overall value over time. However, all potential buyers need to be aware of and thoroughly investigate Los Angeles rent control regulations and restrictions before proceeding with any plans. Understanding these factors is crucial for making informed decisions in the dynamic real estate market of Los Angeles.
Property Details
Price:
$1,618,000
MLS #:
24344977
Status:
Active
Baths:
0
Address:
3777 S Centinela Avenue
Type:
Residential Income
Neighborhood:
c13palmsmarvista
City:
Los Angeles
Listed Date:
Jan 8, 2024
State:
CA
ZIP:
90066
Lot Size:
3,852 sqft / 0.09 acres (approx)
Year Built:
1930
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Schools
Interior
Cooling
None
Heating
Natural Gas
Exterior
Parking Features
Driveway, Garage – Three Door
Parking Spots
4.00
Pool Features
None
Sewer
Other
Spa Features
None
View
None
Financial
Tenant Pays
Exterior Maintenance
Map
Community
- Address3777 S Centinela Avenue Los Angeles CA
- AreaC13 – Palms – Mar Vista
- CityLos Angeles
- CountyLos Angeles
- Zip Code90066
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Courtesy of RE/MAX ESTATE PROPERTIES. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
3777 S Centinela Avenue
Los Angeles, CA
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