1545 4th Avenue, Los Angeles, CA 90019 – CRSR25036332

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Sean Beattie

sean@brivio.com +1(415) 716-7190

Listed by Anie Mayelian • Keller Williams Realty Calabasas

$1,395,000

Est. payment - /mo

5,664 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Pending

Purchase Type For Sale

Square Footage 5,664 sqft

Price per Sqft $246

MLS Listing ID CRSR25036332

HOA Y/N No

Originating Board Datashare California Regional

Year Built 1920

Lot Size 10,501 Sqft

Property Sub-Type Other

Property Description

We are pleased to present an excellent 5-unit investment opportunity located near Venice Blvd & Arlington Ave in Mid City! Consisting of +/- 5,664 sq. ft. of rentable space, the subject spaciously features two 3 bedroom / 1 bath units, two 2 bedroom / 1 bath units, and one 1 bedroom / 1 bath unit. Three of the five units were completely remodeled and have new kitchens, bathrooms, windows, restored hardwood flooring and built in cabinetry. Capital improvements include new sewer lines replaced in 2020 and updated electrical panels and subpanels. Other amazing advantages of the building include washer/dryers in each unit, individual water heaters in each unit, as well as on-site private parking provided for tenants. More impressive, the building boasts a GRM of 10.8 and CAP rate of 6.9% on current rents! With a generous lot size of +/- 10,501 sq. ft., the opportunities for further improvements to the property are endless. This is a rare opportunity for an investor to acquire a pride of ownership and well maintained property in a great Mid City location just north of Venice Blvd and close to all major attractions such as Los Angeles County Museum of Art, The Original Farmers Market, The Grove, and the Petersen Museum.

Location

State CA

County Los Angeles

Interior

Fireplace No

Appliance Dryer

Laundry Dryer, Washer

Building

Water Public

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Sean Beattie

+1(415) 716-7190

Broker Associate | CA DRE# 01304100

Broker Associate CA DRE# 01304100

1545 4th Avenue Los Angeles, CA 90019

Sean Beattie

Key Details

Location

Interior

Building

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