Amazing bread and butter, prime Mar Vista 8-unit (two non- confirming) property. The property boasts a favorable unit mix of two 0+1, one 1+1, three 2+1, one 2+2, and one 3+2. Half of the units are fully furnished and operating on month-to-month leases. Huge upside potential to renovate and increase rents as four furnished units can be delivered vacant. (0+1, 1+1, 2+1, 2+2) Complete retrofit plans are included with an ADU option (new 2+1 unit) which will be provided at COE. This is projected to increase revenue by $28.8K per year. (Work not started, ADU and Retrofit plans cost $34K so far. Permit not yet pulled) Property is master metered for water, has 6 parking spaces and laundry room onsite with leased washer and dryer.
Additional Features
- Wall Furnace
- 0-1 Unit/Acre
- None
- Parking spaces: 6.00
- Listing Status: Active
- Listing Agent: Michael Brooks
(lic# 01830060)
of Orange County
- Listing Office: Keller Williams Realty- YL/ AH
(lic# 01898399)
- CO-Listing Agent: Ivy Gherscovici
(lic# 01329697)
of Beverly Hills/Greater LA
- CO-Listing Office: Everyday Real Estate, Inc.
(lic# 02141747)
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Based on information from CRISNet MLS as of 28th November 2024 at 6:39pm. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
