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Listing provided courtesy of Susan Lau, Coldwell Banker Realty
Source CRMLS
4980 S Centinela AveLos Angeles, CA 90066
$5,650,000
12bed
23bath
10,950sq ft
4980 S Centinela Ave, Los Angeles, CA 90066
12 units newly built in 2014 - No Rent Control (No RSO and No AB1482) in desirable west Los Angeles neighborhood in Marina Del Rey bordering Playa Vista, Mar Vista and Culver City. Current scheduled gross income approx. $382,320 + additional income for parking and utility reimbursements. Current GRM is 15.56 and market at 12.92 GRM; room to immediately improve rents! Current CAP is over 4%. Excellent location at the corner of Centinela Ave & Culver Dr. adjacent to Ballona Creek bike path with city, mountain and LA river views from most of the units. Desirable unit mix with eight 1bd+...

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Home facts
Listing
Status
Active Under Contract
Listed 7 months ago
Property type
Property
Year Built 2014
Style
Community
Lot Size 5,858 sq ft
MLS # 23310803
Price
List price $5,650,000
Price/sq ft $516
Home details
Interior Features & Layout
Appliances
Dishwasher
Disposal
Refrigerator
Dryer
Washer
Heating & Cooling
Has Heating: true
Has Cooling: true
Central
Wall Furnace
Cooling Details: Central Air
Bathrooms Info
Total Bathrooms: 23

Property, Lot, Community & Exterior Features
Multi-Unit Info
Number Of Units Total: 12
Parking Info
Covered
Gated
Private
Parking Spaces: 12.0
Property Features
View: River
View Yes/No: true
Lot Info
Lot Size Source: Assessor
Zoning Type: LAR3
Lot Size Area: 5858.0
Acres: 0.1345
Lot Size Units: Square Feet
Community Info
Number Of Buildings: 1
Building Info
Levels: Multi/Split
Total Sq. Ft.: 10950.0
Living Area Source: Appraiser
MLS Property Type: Residential Income
Year Built Source: Builder

Listing Details, Costs & Financing Information
Financial Info
Gross Income: 382320.0
Lease Info
Net Operating Income: 247944.0
Tax/Assessment Info
2.500
2.500
APN: 4221021044
Listing Details
Seller Disclosure: Seller Disclosure
Status: Active Under Contract
Originating System Name: CRMLS

School Neighborhood & Directions
Location
Zip Code: 90066
Area: C12 - Marina Del Rey
Zip Code +4: 6883
Directions: On Centinela & Culver Dr just north of 90 FWY
Country: US
Neighborhood
41
Listings
10
Days listed
$911.79
Price per sqft
103.71%
Sold over list %
Property history
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