3833 Beethoven,Los Angeles, CA 90066
Los Angeles, CA 90066
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. The property consists of a detached front house built in 1949, featuring (1) 2-bedroom/1-bathroom unit totaling approximately 887 SF, and a rear building built in 1964, consisting of (2) 1-bedroom/1-bathroom units, each measuring approximately 612.5 SF, for a combined 1,225 SF. 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. Ideally situated in Mar Vista, the property offers convenient access to Venice, Culver City, Santa Monica, and major Westside employment centers. Its desirable location, detached front residence, and separate rear duplex present an attractive opportunity for investors seeking long-term appreciation and rental income. The property may also appeal to an owner-user interested in occupying one residence while generating income from the remaining units, subject to applicable tenancy and occupancy requirements.
Details
| MLS # | SB26238374 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1949 |
| Days On Site | 9 |
| Listing Provided By | Lyon Stahl Investment Real Estate, Inc. | Cameron Samimi |
Features
| SQ Feet | 2,112 |
|---|---|
| Story(s) | 2 |
| Units | 3 |
| Building(s) | 2 |
| Acreage | 0.12 |
Exterior
| Lot Features | Two To Five Units Acre |
|---|
Parking
| Garage Yes / No | No |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Biking, Curbs, Dog Park, Park, Street Lights, Suburban, Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90066 |
| Area | C13 Palms Mar Vista |
| Listing VS Median (in 90066) | |
Price: $1,450,000 low | high Med: $1,400,000 sqft: 2,112 low | high Med: 3,466 $ / sqft: $687 low | high Med: $404 On site: 9 low | high Med: 67 | |
Market Activity 90066
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90066 |
| Area | C13 Palms Mar Vista |
| Listing VS Median (in 90066) | |
Price: $1,450,000 low | high Med: $1,400,000 sqft: 2,112 low | high Med: 3,466 $ / sqft: $687 low | high Med: $404 On site: 9 low | high Med: 67 | |
 | $1,450,0003833 BeethovenLos Angeles, CA 90066 |
