3714 Corinth Ave - Apartments FOR SALE


Los Angeles, CA 90066- Mar Vista
$2,300,000 USD
310-889-8738
3714 Corinth Ave, Los Angeles, CA for Sale
$2,300,000 USD
Apartments - FOR SALE
1/5
null | 5.21% Cap Rate

3714 Corinth Ave
Los Angeles, CA 90066
Mar Vista


HIGHLIGHTS

  • Features a desirable mix of 3+2 and 2+1 units, appealing for students, young professionals, and families
  • Significant upside potential with an 7.21% CAP rate at market rents and a 28% increase in NOI
  • Prime location in the desirable Mar Vista neighborhood, known for its central Westside location and exceptional access to neighboring cities
  • Surrounded by vibrant dining, neighborhood retail, local parks, and an active nightlife scene, making it a highly desirable residential area
  • High occupancy and strong rental demand supported by steady population growth and excellent employment opportunities

OVERVIEW

This classic 1950s multifamily investment opportunity is ideally positioned in the highly desirable Mar Vista neighborhood, offering investors a prime Westside asset with exceptional access to Culver City, Santa Monica, Playa Vista, and Venice. Surrounded by vibrant dining, neighborhood retail, local parks, and an active nightlife scene, the property benefits from a strong sense of community and proven rental demand driven by a robust employment base and excellent freeway and transit connectivity. The asset features a compelling unit mix of 3+2 and 2+1 units that appeal to students, young professionals, and families alike, while presenting significant value-add upside with a projected 7.21% CAP rate at market rents and a 28% increase in NOI through turnover, renovation, and continued market appreciation in one of Los Angeles’ most dynamic rental markets.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$333 USD /SF

# OF UNITS

6

PRICE/UNIT

$383,333

CAP RATE

5.21%

% 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

1956

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,102 SF

ZONING

R3, Los Angeles

APN/PARCEL ID

4234-003-010

ASK ABOUT THIS PROPERTY

Scott RosenbergKidder MathewsMore Info
310-889-8738

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Scott RosenbergKidder MathewsMore Info
310-889-8738

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