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3200 Bagley Avenue, Los Angeles, CA

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3200 Bagley Avenue

Los Angeles, CA 90034-2937 - Cheviot Hills MF Submarket

Property Type:Multi-Family Number of Units:10 Status:Existing Year Built:1966
Stories:2 Building Size:8,716 SF Land Area:.18 AC (8,015 SF)
For Sale Price:$3,850,000 Price/Unit:$385,000.00 Cap Rate:4.30 % GRM:16.76

Parking:.1 Parking Spaces / 1,000 SF

4/00: 3200 Bagley LLC, represented in-house, purchased the building. CB Richard Ellis represented the seller, Suzanne Lampart Trust. Reference Comps #LWA-46496-05-0020 for more information.

This multi-family building is in a quiet setting. It features great curb appeal, truck-under parking, large two bedrooms, and it is individually metered.

Sale Notes:
Incredible World Class Location 10 unit building. Location within walking distance (5 block to be exact) from Culver City's Downtown District featuring a wonderful mix of historic buildings, boutiques, Pacific theatres, galleries, unique restaurants, and a Tuesday Farmers market opening on to tree-lined streets with easy access to mass transit and LA's Expo line Venice Blvd stop just 5 blocks away. The property is 20 minutes to the Venice/Santa Monica beaches and communities, and a short 20 minutes from downtown LA. An amazing location for tenants and easily rentable units. Very well maintained & improved property featuring 10 units. Several units have undergone extensive renovation. All 10 units have laminate wood floors throughout, light & bright, featuring high ceilings with planked wood on 2nd floor. Each unit is very large and oversized. Various units have received up-dates such as stainless steel appliances, granite counters and fixtures. The building comprises of 2 stories, 12 parking spaces, and storage lockers in parking area. The building features four 2 bedroom + 2 bath units, six 1 bedroom + 1 bath unit. Considerable redevelopment has occurred over the last decade in the area, geographically the property is situated to benefit from continued area growth and increases in rents.

Coldwell Banker Commercial NRT
Danny Mahelka
(310) 273-3113

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