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$ 1,450,000
Est. payment | /mo
5,257 Sqft Lot
$ 1,450,000
Est. payment | /mo
5,257 Sqft Lot
Key Details
Property Type Other Types
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26238374
HOA Y/N No
Year Built 1949
Lot Size 5,257 Sqft
Property Sub-Type Apartment
Property Description
Presenting 3833 Beethoven Street, a well-located 3-unit multifamily investment opportunity in the desirable Mar Vista neighborhood of Los Angeles. Offered at $1,450,000, the property features approximately 2,112 SF of building area situated on a 5,256 SF lot. The property consists of a detached front house built in 1949, featuring (1) 2-bedroom/1-bathroom unit totaling approximately 887 SF, and a rear building built in 1964, consisting of (2) 1-bedroom/1-bathroom units, each measuring approximately 612.5 SF, for a combined 1,225 SF.
The property generates $103,020 in annual scheduled gross income, providing investors with a 4.87% current cap rate and 14.07 GRM. With approximately 11% rental upside, projected annual scheduled income increases to $114,000, resulting in a 5.59% pro forma cap rate and 12.72 GRM.
Ideally situated in Mar Vista, the property offers convenient access to Venice, Culver City, Santa Monica, and major Westside employment centers. Its desirable location, detached front residence, and separate rear duplex present an attractive opportunity for investors seeking long-term appreciation and rental income. The property may also appeal to an owner-user interested in occupying one residence while generating income from the remaining units, subject to applicable tenancy and occupancy requirements.
The property generates $103,020 in annual scheduled gross income, providing investors with a 4.87% current cap rate and 14.07 GRM. With approximately 11% rental upside, projected annual scheduled income increases to $114,000, resulting in a 5.59% pro forma cap rate and 12.72 GRM.
Ideally situated in Mar Vista, the property offers convenient access to Venice, Culver City, Santa Monica, and major Westside employment centers. Its desirable location, detached front residence, and separate rear duplex present an attractive opportunity for investors seeking long-term appreciation and rental income. The property may also appeal to an owner-user interested in occupying one residence while generating income from the remaining units, subject to applicable tenancy and occupancy requirements.
Location
State CA
County Los Angeles
Area C13 - Palms - Mar Vista
Interior
Fireplace No
Laundry Inside
Exterior
Pool None
Community Features Biking, Curbs, Dog Park, Park, Street Lights, Suburban, Sidewalks
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 4236012032
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Special Listing Condition Standard
Listed by Cameron Samimi Lyon Stahl Investment Real Estate, Inc. 310-259-7556, DRE #02035763