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    2592 Armacost Ave

    Los Angeles, CA 90064
    • $2,750,000
    • STATUS: Active
    • ON SITE: 49 days
    • ID#: 21-747694
    UPDATED: 66 min ago
    $2,750,000
    • 6
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,832
      SQFT
    • $718
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1950
    County:
    Area:

    School Ratings & Info

    Description

    2592 Armacost Avenue is a rare opportunity to acquire a charming and well-maintained multi-family asset in prime West LA / Mar Vista submarket. Perfectly situated on the western edge of Mar Vista, adjacent to Santa Monica, Silicone Beach and in close proximity to schools and a plethora of shops, restaurants and amenities. This two-story Traditionally designed building was built on a corner lot in 1950 and is shaded by a beautiful, mature Oak tree. The five apartment homes comprised of two large two-bedroom, one-bathroom units, one studio and two one-bedroom, one-bathroom units, are all spacious, bright, private and offer large rooms with well-designed, efficient floor-plans. Three of the five units have been extensively renovated, featuring double paned windows, laminate flooring, stainless steel appliances, recessed lighting and modern touches, with in-unit laundry being added to each renovated unit. Each resident has a one-car, enclosed garage at the rear of the property. This is the perfect portfolio builder and represents significant upside potential for a sound, long-term investment.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-08-04T07:42:26.503. 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.brandiprattrealestate.com/homes/118255062
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    2592 Armacost Ave Los Angeles, CA 90064

    • Price: $2,750,000
    • Status: Active
    • Updated: 66 min ago
    • ID#: 21-747694
    6
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    3,832
    SQFT
    $718
    $/SQFT
    1950
    Built
    Neighborhood:
    West L.A.
    County:
    Los Angeles
    Area:
    West L.A.
    Property Description
    2592 Armacost Avenue is a rare opportunity to acquire a charming and well-maintained multi-family asset in prime West LA / Mar Vista submarket. Perfectly situated on the western edge of Mar Vista, adjacent to Santa Monica, Silicone Beach and in close proximity to schools and a plethora of shops, restaurants and amenities. This two-story Traditionally designed building was built on a corner lot in 1950 and is shaded by a beautiful, mature Oak tree. The five apartment homes comprised of two large two-bedroom, one-bathroom units, one studio and two one-bedroom, one-bathroom units, are all spacious, bright, private and offer large rooms with well-designed, efficient floor-plans. Three of the five units have been extensively renovated, featuring double paned windows, laminate flooring, stainless steel appliances, recessed lighting and modern touches, with in-unit laundry being added to each renovated unit. Each resident has a one-car, enclosed garage at the rear of the property. This is the perfect portfolio builder and represents significant upside potential for a sound, long-term investment.
    Exterior Features

    Covered Parking 5 Cross Streets Ocean Park Blvd. & Armacost Ave. Exterior Construction FrameStucco Levels Two Lot Description LawnFront YardCurbsLandscaped Lot Location Corner Lot Lot Size Area 5415 Other Structures None Parking Garage AssignedGarage Pool Description None Pool YN No Roof CompositionShingle Spa None Spa YN No Style Traditional Tennis Court None Tennis YN No Total Parking 5 View Description None View YN No Water Frontage None

    Interior Features

    Baths Total 5.00 Common Walls Attached Cooking Appliances MicrowaveOven-GasGasCooktop - Gas Cooling Other Equipment DryerDishwasherWasherRange/OvenRefrigerator Fireplace Rooms None Flooring LaminateCarpet Heating Wall Kitchen Features Remodeled Laundry In UnitLaundry Closet StackedCommunity Windows Double Pane Windows

    Property Features

    Association Pet Rules Pets Permitted Gross Income 122040 Gross Operating Income 122040 Like Units1 1 Like Units2 2 Like Units3 3 Like Units4 4 Like Units5 5 Net Operating Income 88218.63 Number Of Buildings 1 Number Of Units 5 Owner Pays Gardener Property Condition Updated/Remodeled Rent Control YN Yes Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Tenant Pays GasElectricityWater Total Annual Expense 33821.37 Type Of Units Apartment Year Built Source Vendor Enhanced Zoning Lard1.5

    Listing provided courtesy of Allen Roth DRE#01272304 of Sotheby's International Realty.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-08-04T07:42:26.503. 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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    eXp Realty of California, Inc.
    2603 Camino Ramon, Suite 200
    San Ramon CA, 94583