3523 S Sepulveda Boulevard

    Los Angeles (City), CA 90034
    • $1,800,000
    • STATUS: Active
    • ON SITE: 90 days
    • ID#: SR18151770
    UPDATED: 54 min ago
    $1,800,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,378
      SQFT
    • $411
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1953
    County:

    School Ratings & Info

    Description

    3523 Sepulveda Blvd, a 5 unit multifamily property located between Venice and Palms Blvd in Palms, CA. Under-performing! Value add! Upside in rents +-93%. One unit will be delivered vacant. Opportunity to remodel and raise rents to $150,000. Currently operating with income of $83,304. Subject is also excellent for development of +-12 units. Development opportunity for condos or multifamily apartment project Excellent opportunity to acquire R3-zoned land in Palms. Subject is near Palms Expo station and recently constructed UCLA student housing. Several new high profile developments nearby. Convenient access to the 405 and 10 freeways. Close to Silicon Beach, Mar Vista, Culver City, Venice and Santa Monica.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-25T12:28:36.567. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.playavistaliving.com/homes/85040297

    3523 S Sepulveda Boulevard Los Angeles (City), CA 90034

    • Price: $1,800,000
    • Status: Active
    • Updated: 54 min ago
    • ID#: SR18151770
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    4,378
    SQFT
    $411
    $/SQFT
    1953
    Built
    Neighborhood:
    C13 - Palms - Mar Vista
    County:
    Los Angeles
    Area:
    C13 - Palms - Mar Vista
    Property Description
    3523 Sepulveda Blvd, a 5 unit multifamily property located between Venice and Palms Blvd in Palms, CA. Under-performing! Value add! Upside in rents +-93%. One unit will be delivered vacant. Opportunity to remodel and raise rents to $150,000. Currently operating with income of $83,304. Subject is also excellent for development of +-12 units. Development opportunity for condos or multifamily apartment project Excellent opportunity to acquire R3-zoned land in Palms. Subject is near Palms Expo station and recently constructed UCLA student housing. Several new high profile developments nearby. Convenient access to the 405 and 10 freeways. Close to Silicon Beach, Mar Vista, Culver City, Venice and Santa Monica.
    Exterior Features

    Garage Spaces 0.00 Lot Features Paved Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Area

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features SidewalksStreet Lighting Country Us Elevation Units Feet Gross Income 83304.00 Gross Scheduled Income 83304.00 Insurance Expense 0.00 Land Lease YN No Laundry YN Yes Net Operating Income 59978.00 New Taxes Expense 0.00 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Operating Expense 20826.00 Professional Management Expense 0.00 Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Tax Annual Amount 22500.00 Tax Rate 1.25 Taxes Percent 1.25 Total Actual Rent 83304.00 Total Expenses 20826.00 Trash Expense 0.00 Vacancy Allowance 2499 Vacancy Allowance Rate 3.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Lar3

    Listing provided courtesy of Anie Mayelian of Keller Williams Encino-Sherman.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-09-25T12:28:36.567. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
     
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