Property Detail

Description

Classic 1931 California cottage situated on an approximately 7,500 square foot lot in the desirable Palms, Mar Vista submarket. The front residence is a two-story, three-bedroom, one-bath home featuring private access, a charming front yard, and a separate rear backyard, offering a strong owner-user component with added privacy and appeal. Constructed in 1959, the rear of the property includes three additional two-bedroom, one-bath units positioned above five-car parking, along with a dedicated on-site laundry room. One of the two-bedroom units is currently vacant, providing immediate upside potential. The property presents a value-add opportunity through renovation and repositioning, with the potential for further unit enhancement and possible ADU development (buyer to verify). This offering is well-suited for investors seeking a blend of in-place income and long-term growth. This offering is to be sold in conjunction with, and to close concurrently with, the adjacent parcel, creating a rare assemblage opportunity. The combined offering represents a multifamily investment opportunity consisting of two contiguous parcels (APNs 4314-015-011 and 4314-015-012) located in the desirable Palms/Mar Vista submarket of West Los Angeles. Situated on approximately 15,000 square feet of land, this configuration provides investors with multiple acquisition strategies, including redevelopment, value-add repositioning, or owner-user occupancy.