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    3648 Empire Drive

    Los Angeles (City), CA 90034
    • $1,900,000
    • STATUS: Active Under Contract
    • ON SITE: 63 days
    • ID#: 20605146
    Under Contract
    $1,900,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1965
    County:

    School Ratings & Info

    Description

    Built in 1965, this 4-unit property totals 5,473 SF located in West LAs Palms neighborhood, located between Palms and Venice Blvd. The building features a unit mix that includes 1 one-bedroom, 2 two-bed two-bath, and 1 three-bed two-bath apartments. This offering presents an investor the opportunity to purchase a stabilized asset with strong in-place cash-flow of 4.98%. The property features 8 tandem parking spaces.The building is separately metered gas & electric and there is no soft story work required. Furthermore, there is a community laundry room for the building with two washers & dryers. Easy commute to job and educational opportunities as the subject property is located near Downtown Culver City with easy access to Santa Monica, Venice, Marina Del Ray, and Beverlywood. North of Culver City, Palms is a small Los Angeles community with easy access to the Santa Monica (10) Freeway and the San Diego (405) Freeway, as well as the Metro E Line.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-18T00:27:57.01. 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 or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.

    www.legacy15.com/homes/107916927
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    3648 Empire Drive Los Angeles (City), CA 90034

    • Price: $1,900,000
    • Status: Active Under Contract
    • ID#: 20605146
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    1965
    Built
    Neighborhood:
    C13 - Palms - Mar Vista
    County:
    Los Angeles
    Area:
    C13 - Palms - Mar Vista
    Property Description
    Built in 1965, this 4-unit property totals 5,473 SF located in West LAs Palms neighborhood, located between Palms and Venice Blvd. The building features a unit mix that includes 1 one-bedroom, 2 two-bed two-bath, and 1 three-bed two-bath apartments. This offering presents an investor the opportunity to purchase a stabilized asset with strong in-place cash-flow of 4.98%. The property features 8 tandem parking spaces.The building is separately metered gas & electric and there is no soft story work required. Furthermore, there is a community laundry room for the building with two washers & dryers. Easy commute to job and educational opportunities as the subject property is located near Downtown Culver City with easy access to Santa Monica, Venice, Marina Del Ray, and Beverlywood. North of Culver City, Palms is a small Los Angeles community with easy access to the Santa Monica (10) Freeway and the San Diego (405) Freeway, as well as the Metro E Line.
    Exterior Features

    Lot Size Units Square Feet Parking Features DrivewayTandem Garage Parking YN Yes

    Property Features

    Country Us Gross Income 132444.00 Gross Multiplier 14.35 Gross Operating Income 128471.00 Net Operating Income 94698.00 Senior Community YN No Special Listing Conditions Standard Total Expenses 33773.00 Vacancy Allowance Rate 1.00 Zoning R3-1

    Listing provided courtesy of Neema Ahadian of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-18T00:27:57.01. 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 or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.

     
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