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SOLD 9/23/2021

4320 S Centinela Avenue, Los Angeles, CA 90066$7,725,000

2
beds
2
baths
21268
ft2
· 10487
ft2 lot
$376 / ft2

Listing provided courtesy of Listing Broker: Daniel Withers, Matthews Real Estate Investmen
Source CRMLS;
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4320 S. Centinela Avenue is a 15-unit apartment building located in a prime Mar Vista, CA. Built in 1990, the property consists entirely of two-bedroom, two-bathroom units. The building features a modern gray facade, private balconies, secure gated parking, controlled building access, and central air conditioning and heating. Situated just South of Washington Boulevard, the property is in close proximity to many restaurants, cafes, coffee shops, boutiques and nightlife as well as a weekly farmers market. This location provides tenants easy access to surrounding areas including Culver City, Marina Del Rey, and Venice. Additionally, the building is conveniently located near both the 405 and 90 Freeways. This area of West Los Angeles is extremely desirable and is a growing entertainment and technology hub with companies such as Amazon, Apple, Google, Sony and HBO in close proximity. This is an opportunity for an investor to capitalize on approximately 31% upside in a strong rental market.

HOA

$—/month

On market

2 months

Year built

1990

Property type

Multi-Family

Parking

MLS

21742024

Price / Sq.Ft.

$376 / ft2

Status

Closed

Home details for 4320 S Centinela Avenue

Interior Features & Layout
Interior Size
•   
Building Area Total: 21268.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Parking Available: 1
•   
Parking Features: Garage
Building Info
•   
Zoning: LAR3
•   
Stories Total: 4
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 15
Lot Info
•   
Lot Size Acres: 0.2400
•   
Lot Size Area: 10487.0000
•   
Lot Size Units: Square Feet
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 458267.00
•   
Total Expenses: 182597.00
•   
Gross Multiplier: 16.92
Tax/Assessment Info
•   
Gross Income: 470040.00
•   
Tax Year: 2020
•   
Taxes: 37057.0
Lease Info
•   
Net Operating Income: 275670.00
Listing Info
•   
Status: Closed
Multi Unit Information
Unit 1 Information
•   
Unit 1 Bedrooms: 2
•   
Unit 1 Total Units: 15
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Bathrooms: 2
•   
Unit 1 Actual Rent: 2611.00
•   
Unit 1 Total Rent: 39170.00
Multi Unit Information
•   
# Of Units: 13
School Neighborhood & Directions
School Info
•   
Directions: On S Centinela Avenue South of W Washington Blvd
Other
Calculation
•   
Dom: 57
•   
Cdom: 57

Neighborhood snapshot

Flyhomes
California
Los Angeles County
Los Angeles
Del Rey
71
Properties for sale
12
Median days on market
$925.81
Median sold price/sqft
103.08%
Sold/List %
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Property History for 4320 S Centinela Avenue

09/23/2021
09/23/2021
CRMLS #21742024
sold
CRMLS #21742024
$7,995,000
+3.50%
09/21/2021
09/21/2021
Public Record
sold
Public Record
$7,725,000
--3.38%
07/28/2021
07/28/2021
CRMLS #21742024
pending
CRMLS #21742024
$7,995,000
06/01/2021
06/01/2021
CRMLS #21742024
active
CRMLS #21742024
$7,995,000

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