Under Contract

4980 S Centinela Ave

Los Angeles CA, 90066

$5,650,000


$515.98 per sqft

Under Contract

12 Beds

10,950 sqft

Residential

Built in 2014

12 units newly built in 2014 - No Rent Control (No RSO and No AB1482) in desirable west Los Angeles neighborhood in Marina Del Rey bordering Playa Vista, Mar Vista and Culver City. Current scheduled gross income approx. $382,320 + additional income for parking and utility reimbursements. Current GRM is 15.56 and market at 12.92 GRM; room to immediately improve rents! Current CAP is over 4%. Excellent location at the corner of Centinela Ave & Culver Dr. adjacent to Ballona Creek bike path with city, mountain and LA river views from most of the units. Desirable unit mix with eight 1bd+1ba+Loft, three 1bd + 1ba and one large studio. All units are bright, spacious & modern with its own washer/dryer inside, modern kitchens with stainless steel appliances, white quartz countertops, gray laminate floors throughout. Most units have large patios and/or balconies. Building also features large private gym, security gated parking, intercom access, elevator lift from garage to all floors and security cameras. Centrally located close to UCLA , LMU & SMC, easy access to shopping centers, restaurants and freeways. Great tenants with no back rents due and current throughout COVID.

23-310803

MLS ID

September 13, 2023

Listed

April 5, 2024

Updated

Map

4980 S Centinela Ave
Los Angeles CA, 90066

Interior Features

Total Stories

0


Bedrooms

12 Beds


Appliances

Garbage Disposal, Dryer, Washer, Intercom, Cable, Dishwasher, Freezer, Phone System, Range/Oven, Refrigerator


Laundry Description

In Unit


Fireplace

No


Cooling

Yes


Cooling Description

Central, Wall Unit(s)


Heating

Yes


Heating Description

Central, Wall, Wall Electric

Exterior/Building Features

Lot Size

0.13 Acres

Other Property Details

Area Name

Marina Del Rey


Days on Market

202


Garage

Yes


Parking

Gated, Private Garage, Covered Parking


Parking Total

12


View

Yes


View Description

River


County

Los Angeles


Pool

No


Zoning

LAR3

Listing History

Date

Event

Price

4/2/2024

Under Contract

3/19/2024

Price Change

$5,650,000

-6%

Listed by Susan Lau with Coldwell Banker Realty
Listing Contact: 213-220-5466 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Jeni Brill | CA DRE# 02006790 | NMLS# 2539716 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 4/5/2024

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