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3647 Ocean View Ave

Los Angeles, CA 90066
  • $2,900,000
  • STATUS: Active
  • ON SITE: 34 Days
  • MLS #: 21-113835
UPDATED: 26 min ago
$2,900,000
  • 9
    BEDS
  • 0.28
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,000
    SQFT
  • $580
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1918
County:

School Ratings & Info

Description

This is an extremely large income property located in the highly desirable neighborhood of Mar Vista. The property is listed as a duplex with the City, but operates as a triplex, and yet looks like two separate homes on one very large corner lot. All units can be delivered vacant in January, which is extremely rare for Los Angeles real estate.There is a large 2-story front house that is 2-bed / 1.5-bath with an office, sharing one wall is a 3-bed / 1-bath non-conforming unit, and separate in the back is another 2-story house that is 4-bed / 2-bath with a basement and parking.The demand for rentals, especially free-standing houses like these, is very high. You can rent the entire property as your investment property and command rents well over $14,000 per month. Or you can live in one of the units and collect rents from the others. The combined unit square footage is well over 5,000, and the lot size is 12,165 square feet. The property is zoned LAR1, and with new state laws and the ease of getting ADUs in Los Angeles, you may have many options to increase the number of units and income even more so. The location is prime near the intersection of Mar Vista near Centinela and Venice, so residents are walking distance to many many hips businesses, shops and cafes in walking distance. And within a short drive, residents can go to West LA, Santa Monica, Venice and other extremely desirable areas if the local shops aren't enough. Major thoroughfares and freeways are close by as well for navigating the City quickly.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-27T20:42:53.4. 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.jelmbergteam.com/homes/124272550
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3647 Ocean View Ave Los Angeles, CA 90066

  • Price: $2,900,000
  • Status: Active
  • On Site: 34 Days
  • Updated: 26 min ago
  • MLS #: 21-113835
9
Beds
0
Baths
0
½ Baths
0.28
Acres
5,000
SQFT
$580
$/SQFT
1918
Built
Neighborhood:
Palms - Mar Vista
County:
Los Angeles
Area:
Palms - Mar Vista
Property Description
This is an extremely large income property located in the highly desirable neighborhood of Mar Vista. The property is listed as a duplex with the City, but operates as a triplex, and yet looks like two separate homes on one very large corner lot. All units can be delivered vacant in January, which is extremely rare for Los Angeles real estate.There is a large 2-story front house that is 2-bed / 1.5-bath with an office, sharing one wall is a 3-bed / 1-bath non-conforming unit, and separate in the back is another 2-story house that is 4-bed / 2-bath with a basement and parking.The demand for rentals, especially free-standing houses like these, is very high. You can rent the entire property as your investment property and command rents well over $14,000 per month. Or you can live in one of the units and collect rents from the others. The combined unit square footage is well over 5,000, and the lot size is 12,165 square feet. The property is zoned LAR1, and with new state laws and the ease of getting ADUs in Los Angeles, you may have many options to increase the number of units and income even more so. The location is prime near the intersection of Mar Vista near Centinela and Venice, so residents are walking distance to many many hips businesses, shops and cafes in walking distance. And within a short drive, residents can go to West LA, Santa Monica, Venice and other extremely desirable areas if the local shops aren't enough. Major thoroughfares and freeways are close by as well for navigating the City quickly.
Exterior Features

Lot Size Area 12165 Other Structures None Parking Garage Other Total Parking 4

Interior Features

Baths Total 4.00 Cooling Air Conditioning Equipment Alarm SystemCeiling Fan Heating Central

Property Features

Assessed Total Value 549423 Gross Income 168000 Gross Operating Income 168000 Like Units1 1 Like Units2 1 Like Units3 1 Net Operating Income 117600.00 Number Of Buildings 3 Number Of Units 3 Owner Pays Water Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Source Lot Size Dimensions Assessor Tenant Pays GasElectricity Total Annual Expense 50400 Type Of Units 3 Water Heaters YN Yes Year Built Source Assessor Zoning Lar1

Listing provided courtesy of David Bramante DRE#01511588 of Douglas Elliman Of California, Inc..


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-01-27T20:42:53.4. 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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The Jelmberg Team | Keller Williams
39-575 Washington Street, Suite #105
Palm Desert CA, 92211