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3650 Centinela Avenue
Los Angeles, CA 90066
Sold
3650 Centinela Avenue
Los Angeles, CA 90066
Sold
Only $205K per door for prime Westside! We are pleased to present for sale a generational multi-family portfolio on the famed Westside of world-renowned Los Angeles. The 58 apartment units are spread across two properties that have been owned by the same family for more than six decades. They can be sold individually or collectively. The largest of the assets comprises 40 units across four side-by-side buildings in the trendy and gastronomically noteworthy Mar Vista neighborhood. Built in 1958, 3650-3658 S Centinela comprises four sister buildings sitting side-by-side on two large parcels along Centinela Boulevard. The buildings were constructed in the low-rise, garden style architecture typical of the era and are situated around charming, landscaped courtyards. There is on-site parking for 41 cars as well as two laundry facilities with owned machines. The submarket of Mar Vista is sought-after on the Westside for its attractiveness to a wide variety of renters. Young professionals appreciate the area's top-tier shopping, dining, and entertainment options while young families seek out its high level of safety and its quality public schools. From an investment standpoint, the property offers significant opportunity. Current rents average $2.05 per square foot while prevailing market rents for renovated units are in the range of $3.75 per square foot. This means a comprehensive rehabilitation and renovation plan would yield the savvy investor enormous income gains. The two parcels at Centinela each with significant surface parking in the rear may provide ample ADU opportunities as well.
PROPERTY INFORMATION
| MLS # | 23316999 | Lot Size | 33,977 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 8,200,000
Price Per SqFt: $ 327 |
DOM | 582 Days |
| Address | 3650 Centinela Avenue | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 25,068 Sq. Ft. |
| Postal Code | 90066 | Garage | N/A |
| County | Los Angeles | Year Built | 1958 |
| Bed / Bath | 44 / 0 | Parking | 41 |
| Built In | 1958 | Status | Closed |
| Sold Date | 2023-12-08 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Community |
| Has Heating | Yes |
| Heating Information | Wall Furnace |
| Has Cooling | Yes |
| Cooling Information | Wall/Window Unit(s) |
EXTERIOR FEATURES
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $8,747
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 10/09/2023 | Pending | $8,200,000 |
Topfind Realty
REALTOR®
(844)-333-8033
Questions? Contact today.
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Listing provided courtesy of Robert Renshaw, REMAX COMMERCIAL & INVESTMENT REALTY. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. 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.
