Skip To Content
    Return to Previous Page

    3648 Empire Dr

    Los Angeles, CA 90034
    • $1,900,000
    • STATUS: Active Under Contract
    • ON SITE: 72 days
    • ID#: 20-605146
    Under Contract
    UPDATED: 20 min ago
    $1,900,000
    • 8
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,520
      SQFT
    • $420
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1965
    County:

    School Ratings & Info

    Description

    Built in 1965, this 4-unit property totals 5,473 SF located in West LAs Palms neighborhood, located between Palms and Venice Blvd. The building features a unit mix that includes 1 one-bedroom, 2 two-bed two-bath, and 1 three-bed two-bath apartments. This offering presents an investor the opportunity to purchase a stabilized asset with strong in-place cash-flow of 4.98%. The property features 8 tandem parking spaces.The building is separately metered gas & electric and there is no soft story work required. Furthermore, there is a community laundry room for the building with two washers & dryers. Easy commute to job and educational opportunities as the subject property is located near Downtown Culver City with easy access to Santa Monica, Venice, Marina Del Ray, and Beverlywood. North of Culver City, Palms is a small Los Angeles community with easy access to the Santa Monica (10) Freeway and the San Diego (405) Freeway, as well as the Metro E Line.

    Monthly Payment Calculator



    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-27T19:42:18.42. 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/107914722
    Print Image

    3648 Empire Dr Los Angeles, CA 90034

    • Price: $1,900,000
    • Status: Active Under Contract
    • Updated: 20 min ago
    • ID#: 20-605146
    8
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    4,520
    SQFT
    $420
    $/SQFT
    1965
    Built
    Neighborhood:
    Palms - Mar Vista
    County:
    Los Angeles
    Area:
    Palms - Mar Vista
    Property Description
    Built in 1965, this 4-unit property totals 5,473 SF located in West LAs Palms neighborhood, located between Palms and Venice Blvd. The building features a unit mix that includes 1 one-bedroom, 2 two-bed two-bath, and 1 three-bed two-bath apartments. This offering presents an investor the opportunity to purchase a stabilized asset with strong in-place cash-flow of 4.98%. The property features 8 tandem parking spaces.The building is separately metered gas & electric and there is no soft story work required. Furthermore, there is a community laundry room for the building with two washers & dryers. Easy commute to job and educational opportunities as the subject property is located near Downtown Culver City with easy access to Santa Monica, Venice, Marina Del Ray, and Beverlywood. North of Culver City, Palms is a small Los Angeles community with easy access to the Santa Monica (10) Freeway and the San Diego (405) Freeway, as well as the Metro E Line.
    Exterior Features

    Lot Size Area 5474 Other Structures None Parking Garage DrivewayTandem Total Parking 8

    Interior Features

    Baths Total 7.00 Cooling Other Equipment Other Heating Other

    Property Features

    Gross Income 132444 Gross Operating Income 128471 Like Units1 1 Like Units2 2 Like Units3 1 Net Operating Income 94698.00 Number Of Buildings 1 Number Of Units 4 Sale Type Standard Source Living Area Assessor Source Lot Size Area Vendor Enhanced Total Annual Expense 33773 Type Of Units Apartment Water Heaters YN Yes Year Built Source Assessor Zoning R3-1

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


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-27T19:42:18.42. 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.
     
    https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_2_20-605146-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_2_20-605146-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_2_20-605146-2.jpg
    Logo
    eXp Realty of California, Inc.
    2603 Camino Ramon, Suite 200
    San Ramon CA, 94583