12441 Gilmore Ave - Apartments FOR SALE


Los Angeles, CA 90066- Del Rey | 
$1,725,000 USD
818-432-1580
12441 Gilmore Ave, Los Angeles, CA for Sale
$1,725,000 USD
Apartments - FOR SALE
1/12
null | 5.67% Cap Rate

12441 Gilmore Ave
Los Angeles, CA 90066
Del Rey


HIGHLIGHTS

  • Prime Westside location – centrally positioned near Mar Vista, Culver City, Playa Vista, Marina del Rey and Venice
  • Significant recent CapEx including replacement windows, electrical subpanels, laundry installations and soft-story retrofit
  • High-value 90066 residential market with recent home sales around $1,070 per square foot
  • Rare unit mix – three spacious 3BD/2BA residences plus one studio
  • 75% renovated – three of four units extensively remodeled in 2022
  • Renovated 3BD/2BA vacancy providing immediate lease-up opportunity

OVERVIEW

12441 Gilmore Avenue is a well-maintained four-unit multifamily property ideally positioned in Del Rey, at the convergence of Mar Vista, Culver City, Marina del Rey and Venice. The property features a compelling unit mix of three spacious 3-bedroom/2-bathroom residences and one studio, complemented by seven parking spaces. Three of the four units were extensively renovated in 2022 with updated kitchens and bathrooms, stylish flooring, new windows and contemporary finishes. Significant capital improvements include a completed soft-story seismic retrofit, upgraded electrical subpanels, in-unit laundry installations, replacement windows and new steel guardrails/handrails. The location is further supported by the exceptionally strong surrounding residential market, with 90066 characterized by high home values and price-per-square-foot metrics. Combined with convenient access to Mar Vista, Culver City, Playa Vista, Marina del Rey, Venice and the beach, 12441 Gilmore offers investors a rare opportunity to acquire a substantially improved four-unit asset in one of Los Angeles’ most desirable Westside rental markets. The central Westside location provides residents convenient access to some of Los Angeles’ most desirable coastal neighborhoods, major employment centers, dining and retail corridors, while remaining just minutes from the beach. The property is approximately 0.6 miles from access to the Ballona Creek Trail, with Marina del Rey and Venice immediately to the west and nearby beaches approximately 3–4 miles away.

FOR SALE DETAILS

PRICE

$1,725,000 USD

PRICE/SF

$434 USD /SF

# OF UNITS

4

PRICE/UNIT

$431,250

CAP RATE

5.67%

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fourplex in Coveted Del Rey / Culver City

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,684 SF

ZONING

LAR1

APN/PARCEL ID

4223-028-007

ASK ABOUT THIS PROPERTY

Nick AstrupgaardKW CommercialMore Info
818-432-1580

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Nick AstrupgaardKW CommercialMore Info
818-432-1580

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.