3410 Club Dr - Apartments FOR SALE


Los Angeles, CA 90064- Cheviot Hills
$6,695,000 USD
310-963-7010
3410 Club Dr, Los Angeles, CA for Sale
$6,695,000 USD
Apartments - FOR SALE
1/29
null | 4.8% Cap Rate

3410 Club Dr
Los Angeles, CA 90064
Cheviot Hills


HIGHLIGHTS

  • Approx. $524,000 of Gross Annual Income
  • 15 of 17 Units Renovated with Upside Potential
  • Value-Add Upside with Potential for Two ADU Conversions (one un-permitted studio with bath and one large storage bonus room)
  • Seismic Earthquake Retrofit & Balcony Inspections Completed
  • Controlled Entry, On-Site Laundry, and Well-Maintained Pool
  • Capital Improvements Include: Predominantly Copper Plumbing, Largely Updated Electrical Systems, and Mostly Newer Windows

OVERVIEW

3410 Club Drive presents a rare opportunity to acquire a well-performing 17-unit multifamily property in a highly desirable in west Los Angeles, adjacent to Cheviot Hills and near Culver City. The property is largely renovated, with 15 of 17 units featuring updated interiors, generating approximately $524,000 in gross annual income and offering strong in-place cash flow. The property features a charming central courtyard, a well-maintained pool, on-site laundry, controlled access, and 18 carport parking spaces, many of which have built-in storage. Excellent Unit Mix of (4) 2+2, (9) 2+1, (4) 1+1. Select capital improvements have been completed over time and include predominantly copper plumbing, largely updated electrical systems, and mostly newer windows (buyer to verify). Seismic retrofit earthquake work and required balcony inspections have been completed, reducing future capital exposure. Additional upside exists via two existing non-residential spaces that may be suitable for ADU conversion, presenting potential for future income growth (buyer to verify feasibility with the City). This offering is well-suited for investors, including 1031 exchange buyers, seeking a stabilized asset with durable income and long-term growth potential.

FOR SALE DETAILS

PRICE

$6,695,000 USD

PRICE/SF

$381 USD /SF

# OF UNITS

18

PRICE/UNIT

$371,944

CAP RATE

4.8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,201 SF

ZONING

LAR3

APN/PARCEL ID

4316-031-014

ASK ABOUT THIS PROPERTY

Linda LightColdwell Banker RealtyMore Info
310-963-7010

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Linda LightColdwell Banker RealtyMore Info
310-963-7010

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