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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$3,600,000

Est. payment - /mo

7,380 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 7,380 sqft

Price per Sqft $487

MLS Listing ID 25570241

HOA Y/N No

Year Built 1961

Lot Size 9,043 Sqft

Property Description

Keller Williams Realty and Everyday Real Estate Inc. are pleased to offer this exceptional investment opportunity. 3743 Mclaughlin Ave is a 12-unit, 7380 square foot multifamily property zoned LAR3 and located near the border of Mar Vista and Culver City. Built in 1961, this classic building offers a favorable unit mix of four 0+1, four 1+1, three 2+1, one 2+1.5. Five of the units are fully furnished and operating on month-to-month leases and can be delivered vacant (one 0+1, two 1+1, two 2+1). ADU plans, which satisfy the retrofit requirement, and permits are included (owner spent $76.8K). These two new units (1+1 in the front, and 2+1 in the back) are projected to increase revenue by $56K per year and will satisfy the retrofit requirement. Permits have been filed but no work has commenced. Property is master metered for water, has 13 parking spaces and laundry room onsite with leased washer and dryer.

Location

State CA

County Los Angeles

Area C13 - Palms - Mar Vista

Zoning LAR3

Interior

Interior Features Ceiling Fan(s), Furnished

Cooling Wall/Window Unit(s)

Fireplace No

Appliance Disposal, Gas Oven, Gas Range, Microwave, Refrigerator, Range Hood

Laundry Common Area, In Carport

Exterior

Parking Features Carport

Carport Spaces 12

Pool None

Roof Type Composition

Accessibility None

Porch None

Total Parking Spaces 12

Private Pool No

Building

Entry Level Two

Foundation Slab

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4234015003

Financing Cash

Special Listing Condition Standard

Read Less Info

Listed by Ivy Gherscovici Everyday Real Estate, Inc.

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3743 Mclaughlin AVE Los Angeles, CA 90066