3777 S Centinela Ave

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Address: 3777 S Centinela Ave, Los Angeles, CA 90066, USA
Created date: May 23, 2024
Date last updated: May 23, 2024

Property Description

The property consists of four strategically positioned units in the prime West Los Angeles (WLA) area, featuring a unit mix of two 2+1 units and two 1+1 units. Noteworthy amenities include three single-car garages at the rear, accessible through the alley, and an additional off-street parking space in the front. Each unit is equipped with individual meters, and all units have long-term tenants currently paying below-market rents. This property presents a promising opportunity for investors interested in potential development projects. Whether the focus is on adding an Accessory Dwelling Unit (ADU) or gradually adjusting rents to align with market rates, there are various avenues to leverage the property's advantageous location and potential. These strategic measures have the potential to significantly increase the property's overall value over time. However, all potential buyers need to be aware of and thoroughly investigate Los Angeles rent control regulations and restrictions before proceeding with any plans. Understanding these factors is crucial for making informed decisions in the dynamic real estate market of Los Angeles.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: 2-4 Units
Price: $1,618,000
No. of Units: 4
Year Built: 1930
Lot Size: 2,436.00 Sq ft
Opportunity Zone: No
Price per unit: $404,500
Property Website Click Here
Number of Bedrooms: 6
Number of Bathrooms: 0
Address: 3777 S Centinela Ave, Los Angeles, CA 90066, USA
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