Listed by Susan Lau with Coldwell Banker Realty

4980 S Centinela Avenue

Los Angeles, CA, 90066

$6,100,000

$557 per ft²
$6,100,000
$557 per ft²
Active
Active
 - For Sale
beds
12 Beds
baths
23 Baths
carpenters-square
10,950 ft²
property_type
Multi-family
calendar
Built 2014
PRICE IMPROVEMENT! 12 units newly built in 2014 - No Rent Control (No RSO and No AB1482) in desirable west Los Angeles neighborhood in Marina Del Rey bordering Playa Vista, Mar Vista and Culver City. Current scheduled gross income approx. $374,000 + additional income for parking and utility reimbursements. Current GRM is 17.2 and market at 15.61 GRM; room to immediately improve rents! Excellent location at the corner of Centinela Ave & Culver Dr. adjacent to Ballona Creek bike path with city, mountain and LA river views from most of the units. Desirable unit mix with eight 1bd+1ba+Loft, three 1bd + 1ba and one large studio. All units are bright, spacious & modern with its own washer/dryer inside, modern kitchens with stainless steel appliances, white quartz countertops, gray laminate floors throughout. Most units have large patios and/or balconies. Building also features large private gym, security gated parking, intercom access, elevator lift from garage to all floors and security cameras. Centrally located close to UCLA , LMU & SMC, easy access to shopping centers, restaurants and freeways. Great tenants with no back rents due and current throughout COVID.
MLS® ID:
23238891
Listed:
2/9/23
Updated:
4/1/23
RE/MAX Estate Properties
Bill Ruane
Mobile: (310)877-2374Email: bill@billruane.net

Interior Features

Kitchen Appliances
Dishwasher, Disposal, Refrigerator, Dryer, Washer
Total Bedrooms
12
Total Bathrooms
23
Cooling
Central Air
Heating
Central, Wall Furnace

Exterior/Building Features

Lot Size
5,858 ft² lot

Other Property Details

Area Name
C12 - Marina Del Rey
Garage
No
Parking
Covered, Gated, Private
View
N
County
Los Angeles
Pool
No
Zoning
LAR3
Buyer Agency Compensation
2.500

Property History

Date
Event
Price
Value
3/21/23
Price Change
$6,100,000
-4%

Listing Contact:  

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 4/1/23. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2023 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 4/1/23 at 7:26 AM UTC

RE/MAX Estate Properties
Bill Ruane
Mobile: (310)877-2374Email: bill@billruane.net
Contact