Description:

We are pleased to present for sale, this Eight (8) unit investment opportunity at 3102 South Durango Avenue. The subject property is located in the very desirable Palms/ Beverly Hills/Culver City/Cheviot Hills-adjacent market of West Los Angeles. 1973 construction with a great unit mix - Two 2 x 2, and Six 1 x 1 apartments. This building is situated on a large 7964 Sq. Ft of area lot, R-3 Zone, Property features include a large parcel of land, mature landscaping, on site laundry facilities, separate gas/ electrical meters and gated parking for 10 vehicles. This property is close to shopping, dining, school, and entertainment hot spots in Venice and Culver City. This offering provides a great opportunity for an investor to be in a prime Palms location with potential to raise rents and increase value. Situated just a few blocks from the new hip & vibrant downtown Culver City, historic buildings, boutiques, theaters, galleries, restaurants, Farmer's Mkt & Expo line
8 Units (6x1 Bedroom, 2x2 Bedroom)
4.6% Cap Rate.
15.7 GRM
$166,824 Gross Annual Income
$119,205 N.O.I
Ample gated parking for tenants
In very desirable Palms area
Culver City adjacent
Located close to new Apple office location in Culver City

Presented by:

David  Yashar

Director

(310) 724-8043

(310) 710-5626

Click here to email

Property Flyer

Listed by:

Keller Williams Realty Westside

L.A. Westside