3651 Mclaughlin Ave - Apartments FOR SALE


Los Angeles, CA 90066- Mar Vista
$3,550,000 USD
818-642-4123
3651 Mclaughlin Ave, Los Angeles, CA for Sale
$3,550,000 USD
Apartments - FOR SALE
1/15
null | 4.92% Cap Rate

3651 Mclaughlin Ave
Los Angeles, CA 90066
Mar Vista


HIGHLIGHTS

  • Five – 2BR/1.5BA Units and Five - 1BR/1BA Units.
  • Offering located in a highly desirable rental market of West Los Angeles with an ideal rental profile.
  • Value-add investment opportunity with approximately 25% upside in rent.
  • Potential to convert the tuck under parking into additional dwelling units (ADU’s).
  • Also available as a portfolio sale (see brochure).

OVERVIEW

One unit delivered VACANT - 3651 McLaughlin Ave presents a rare opportunity to acquire a ten-unit multifamily property in the highly desirable West Los Angeles submarket of Mar Vista, adjacent to Venice and Culver City. Situated in one of the most sought-after rental markets, the property benefits from its proximity to a diverse array of shopping, dining, and entertainment options. Positioned on a 7,388 SF lot, the building offers 7,414 SF of rentable space, consisting of five (5) two-bedroom, one-and-a-half-bath units and five (5) one-bedroom, one-bath units. This rarely traded asset provides investors with significant value-add potential, featuring over 21% rental upside and ADU development opportunities in the existing tuck-under parking. This offering represents a compelling investment for a savvy investor seeking to capitalize on the strong demand and future growth of one of Los Angeles’ premier rental markets.

FOR SALE DETAILS

PRICE

$3,550,000 USD

PRICE/SF

$479 USD /SF

# OF UNITS

10

PRICE/UNIT

$355,000

CAP RATE

4.92%

% 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

1961

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

R3, Los Angeles

APN/PARCEL ID

4234-014-025

ASK ABOUT THIS PROPERTY

Nathan ShaolianKidder MathewsMore Info
818-642-4123

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

Nathan ShaolianKidder MathewsMore Info
818-642-4123

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