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    1965 S Garth Ave

    Los Angeles, CA 90034
    • $2,750,000
    • STATUS: Active
    • ON SITE: 47 days
    • ID#: 21-678864
    UPDATED: 78 min ago
    $2,750,000
    • 15
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,448
      SQFT
    • $426
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1963
    County:

    School Ratings & Info

    Description

    1965 South Garth Avenue, a six-unit investment opportunity in the South Robertson neighborhood of Los Angeles. This is a centrally located property in Los Angeles with close proximity to Culver City, Beverly Hills and Century City that attracts high-end renters with a quick commute throughout the city.The subject property will be delivered with five of the six units vacant, allowing an investor to renovate and achieve market rents immediately upon the close of escrow. The building consists of five three-bedrooms units and one single unit with no buyouts or relocation required. At the projected market rents, once stabilized the building is being offered at a projected 5.33%-5.80% CAP rate. There are six total parking spaces with city approval and Tenant Habitability Program in-place for the seismic retrofit work required. Gas and electricity are separately metered and each of the units have central heat throughout.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-02-28T18:42:20.533. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.lydiagable.com/homes/113185621
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    1965 S Garth Ave Los Angeles, CA 90034

    • Price: $2,750,000
    • Status: Active
    • Updated: 78 min ago
    • ID#: 21-678864
    15
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    6,448
    SQFT
    $426
    $/SQFT
    1963
    Built
    Neighborhood:
    Beverlywood Vicinity
    County:
    Los Angeles
    Area:
    Beverlywood Vicinity
    Property Description
    1965 South Garth Avenue, a six-unit investment opportunity in the South Robertson neighborhood of Los Angeles. This is a centrally located property in Los Angeles with close proximity to Culver City, Beverly Hills and Century City that attracts high-end renters with a quick commute throughout the city.The subject property will be delivered with five of the six units vacant, allowing an investor to renovate and achieve market rents immediately upon the close of escrow. The building consists of five three-bedrooms units and one single unit with no buyouts or relocation required. At the projected market rents, once stabilized the building is being offered at a projected 5.33%-5.80% CAP rate. There are six total parking spaces with city approval and Tenant Habitability Program in-place for the seismic retrofit work required. Gas and electricity are separately metered and each of the units have central heat throughout.
    Exterior Features

    Lot Size Area 6298 Other Structures None Parking Garage Driveway Total Parking 6

    Interior Features

    Baths Total 11.00 Cooling Other Equipment Range/Oven Flooring Hardwood Heating Other Laundry Community

    Property Features

    Assessed Total Value 858740 Gross Income 210600 Gross Operating Income 204282 Like Units1 1 Like Units2 5 Net Operating Income 144697.00 Number Of Buildings 1 Number Of Units 6 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 59585 Type Of Units Apartment Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lard2

    Listing provided courtesy of Neema Ahadian DRE#01346750 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-02-28T18:42:20.533. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Lydia Gable Realty Group | Compass
    2945 Townsgate Road Suite 300
    Westlake Villiage CA, 91377