Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

5

Building size

4,410 sqft

Lot size

7,501 sqft

Year built

1940

Stories

2

Status

Active

Days on market

98

MLS #

244672549

About this property

OUTSTANDING INVESTMENT OPPORTUNITY IN THE HEART OF LOS ANGELES' VIBRANT MID-CITY NEIGHBORHOOD! This well-maintained Art Deco property features five income-producing units totaling approximately 4,410 square feet on a 7,501 square foot lot. The unit mix consists of one spacious 4-bedroom, 2-bath residence, one 3-bedroom, 2-bath unit, and three 1-bedroom, 1-bath apartments, all currently tenant occupied. A standout feature is the private rooftop deck attached to one of the upper units, providing a desirable outdoor living space with neighborhood views. Tenants also enjoy rear on-site parking with space for up to five vehicles. Conveniently located near Venice Boulevard and the I-10 Freeway, the property offers easy access to Culver City, major employment centers, shopping, dining, and entertainment. Popular destinations including Santa Monica, Marina del Rey, Beverly Hills, and West Hollywood are all just a short drive away, making this a highly desirable location for residents. With its distinctive 1940's Art Deco architecture, versatile unit mix, prime location, and reliable rental income, this property presents an exceptional opportunity to expand your investment portfolio. UNIT 2631 does not pay rent and this will continue for the entire life of the senior occupant. Said tenancy is a condition of sale, and said rights run with the property for the duration of the occupant's life *** Rents provided are current rents being paid. All units are occupied. Do not disturb occupants. Property to be delivered fully occupied. Landlord pays water, sewer and trash expenses. Tenants pay electricity and gas expenses.

Location

2629 S Garth Avenue

Los Angeles, Los Angeles, CA, 90034