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Nicole Sasville

nicole.sasville.realtor@gmail.com +1(925) 642-4952

$ 1,500,000

Est. payment | -/mo

4 Baths

2,426 SqFt

Save

$ 1,500,000

Est. payment | -/mo

Save

4 Baths

2,426 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,426 sqft

Price per Sqft $618

MLS Listing ID 26867233

HOA Y/N No

Year Built 1954

Lot Size 7,104 Sqft

Property Description

This legacy four-plex held in the same family since 1989, presents a rare opportunity to acquire a character rich, desirable asset in Prime Mar Vista with 3 of 4 units delivered vacant. The new owner will benefit from multiple options to profitability- rehabbing and renting at market, redevelopment for up to 8 units or adding ADU's for substantially higher income (buyer to verify with City). It benefits from a premium location just blocks from the Von's shopping center, the new Culver Public Market and neighborhood dining destinations such as Hatchet Hall and Broken Spanish. The property offers an exceptional blend of long term stability and meaningful value add potential. Built in 1954, the property has 2,426 square feet of improvements on a generous 7,104 SF R3 zoned lot, creating optionality for future expansion, additional units, or ADU development (buyer to verify). The site features an ideal layout: a standalone 3BD/1BA front cottage with a private garage paired with a rear triplex consisting of three well-proportioned 1BD/1BA units all of which will all be delivered vacant. The two rear garages will also be delivered vacant, offering immediate income upside or potential for conversion. The property has been professionally managed by the same operator for 40 years, providing investors with confidence in its operational continuity and clean historical oversight. Recent capital improvements include brand new electrical sub panels in all four units, rebuilt freshly painted stairs and handrails for the rear building, new vertical and horizontal plumbing in the front house and a new heater in Unit 12609. With five total parking spaces and a simple, efficient building configuration, the asset is easy to operate and highly marketable to today's renter base. For investors seeking a blend of stability, upside, and long term optionality, this Mar Vista four plex checks every box: irreplaceable location, strong in-place fundamentals, clear paths to revenue growth, and zoning that supports future redevelopment potential. This is a rare chance to secure a legacy asset in a supply constrained Westside submarket.

Location

State CA

County Los Angeles

Area C13 - Palms - Mar Vista

Zoning LAR3

Interior

Heating Natural Gas, Wall Furnace

Cooling None

Fireplace No

Appliance Disposal

Exterior

Parking Features Door-Single, Garage

Garage Spaces 4.0

Garage Description 4.0

Total Parking Spaces 4

Building

Faces South

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4235005016

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Keith Moret Lyon Stahl Investment Real Estate, Inc. #01802527

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+1(925) 642-4952

nicole.sasville.realtor@gmail.com

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12609 Mitchell AVE Los Angeles, CA 90066