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$ 2,995,000
Est. payment | /mo
7 Beds
10 Baths
5,352 SqFt
$ 2,995,000
Est. payment | /mo
7 Beds
10 Baths
5,352 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,352 sqft
Price per Sqft $559
MLS Listing ID 26104674
Bedrooms 7
HOA Y/N No
Year Built 1984
Lot Size 7,448 Sqft
Property Description
Situated in the high-demand, renter-dominated Palms neighborhood near Culver City and Silicon Beach, this 1984-built multifamily asset offers an exceptional investment opportunity backed by strong local demographics, including an average household income exceeding $135,000 and a highly educated resident base. Most importantly, the building is exempt from the Los Angeles Rent Stabilization Ordinance (RSO), granting ownership significant operational flexibility to capture market-rate rents, execute strategic renovations, and maximize income. The property features an ideal unit mix comprised of spacious one-bedroom layouts - many accented by dramatic cathedral ceilings and private balconies - alongside efficient studio units. Designed to appeal directly to young professionals and tech workers, the asset is fully supported by strong operational infrastructure, including separately metered electricity, individual water heaters, and ample on-site parking with nine total spaces.
Location
State CA
County Los Angeles
Area C13 - Palms - Mar Vista
Zoning LAR3
Interior
Heating None
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Concrete, Covered
Total Parking Spaces 9
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4314006001
Special Listing Condition Standard
Listed by Saadia 'Sam' Liberow Marcus & Millichap #01933858
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Marissa Perez
Broker License ID: 01814964