3833 Beethoven, Los Angeles, CA 90066
3833 Beethoven, Los Angeles, CA 90066
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Glenn Gaspar

Glenn Gaspar

+1(714) 612-0995
$1,450,000
Est. payment /mo
5,257 Sqft Lot
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Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Coming Soon

Purchase Type For Sale

MLS Listing ID SB26238374

HOA Y/N No

Year Built 1949

Lot Size 5,257 Sqft

Property Sub-Type Apartment

Property Description

Presenting 3833 Beethoven Street, a well-located 3-unit multifamily investment opportunity in the desirable Mar Vista neighborhood of Los Angeles. Offered at $1,450,000, the property features approximately 2,112 SF of building area situated on a 5,256 SF lot. Built in 1949, the property consists of (2) 1-bedroom/1-bathroom units and (1) 2-bedroom/1-bathroom unit, offering an attractive unit mix in a highly sought-after Westside rental market.

The property generates $103,020 in annual scheduled gross income, providing investors with a 4.87% current cap rate and 14.07 GRM. With approximately 11% rental upside, projected annual scheduled income increases to $114,000, resulting in a 5.59% pro forma cap rate and 12.72 GRM. This opportunity allows investors to benefit from existing rental income while capturing additional value through future rent growth.

Located in the heart of Mar Vista, the property offers convenient access to Venice, Culver City, Santa Monica, and the greater Westside employment centers. Its desirable residential setting, three-unit configuration, and income potential make 3833 Beethoven Street an appealing opportunity for investors seeking long-term appreciation and rental growth. The property may also appeal to an owner-user looking to occupy one unit while generating income from the remaining residences, subject to applicable tenancy and occupancy requirements

Location

State CA

County Los Angeles

Area C13 - Palms - Mar Vista

Interior

Fireplace No

Laundry Inside

Exterior

Pool None

Community Features Biking, Curbs, Dog Park, Park, Street Lights, Suburban, Sidewalks

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 4236012032

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

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Listed by Cameron Samimi Lyon Stahl Investment Real Estate, Inc. 310-259-7556, DRE #02035763

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