$4,300,000
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7,679 Sqft Lot
SOLD DATE : 08/30/2023
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB23054533
Sold Date 08/30/23
HOA Y/N No
Year Built 1984
Lot Size 7,679 Sqft
Property Sub-Type Apartment
Property Description
Two units to be delivered vcnt! Not LA City Rent Control - falls under AB1482. Built in 1984, 4059
McLaughlin Ave is trophy asset with oversized units!
This is the perfect opportunity for any investor looking
for a prime apartment building in one of the most
sought-after neighborhoods on the Westside of Los
Angeles.
This 8,350 SF building boasts a spacious unit mix of (1)
2Bed+2.5Bath Townhouse, (4) 2Bed+2Bath and (4)
1Bed+1Bath units. Once the two vacancies are rented
for market, the property will operate at a 4.41% CAP
and 14.98 GRM. All units feature large open floorplans,
on site laundry as well as private patios/decks. There
are plenty of garage parking spaces, as well as
parking.
The subject property is located in an A+ location, just
minutes from Downtown Culver City and Playa Vista,
making it any renters ideal location to live. Many large
tech companies have made home in local
neighborhoods including Apple, HBO, Google, Sony,
and Facebook.
Location
State CA
County Los Angeles
Area C13 - Palms - Mar Vista
Zoning LAR3
Interior
Fireplace No
Laundry Common Area, Inside
Exterior
Garage Spaces 19.0
Garage Description 19.0
Pool None
Community Features Biking, Curbs, Golf, Hiking, Urban
Total Parking Spaces 19
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4233008038
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Financing Conventional
Special Listing Condition Standard
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Bought with PAUL LIM BEST CENTURY REALTY
