Keller Williams Realty and Everyday Real Estate Inc. are pleased to offer this exceptional investment opportunity. 3743 Mclaughlin Ave is a 12-unit, 7380 square foot multifamily property zoned LAR3 and located near the border of Mar Vista and Culver City. Built in 1961, this classic building offers a favorable unit mix of four 0+1, four 1+1, three 2+1, one 2+1.5. Five of the units are fully furnished and operating on month-to-month leases and can be delivered vacant (one 0+1, two 1+1, two 2+1). ADU plans, which satisfy the retrofit requirement, and permits are included (owner spent $76.8K). These two new units (1+1 in the front, and 2+1 in the back) are projected to increase revenue by $56K per year and will satisfy the retrofit requirement. Permits have been filed but no work has commenced. Property is master metered for water, has 13 parking spaces and laundry room onsite with leased washer and dryer.
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Listing Snapshot
Price
$3,600,000
Days On Site
3 Days
Bedrooms
N/A
Inside Area (SqFt)
7,380 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.2076 Acres
Year Built
1961
MLS® Number
25570241
Status
Active
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
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Features - Low Flow Plumbing Fixtures, Tile Counters
Living Room
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Exterior Features
Patio And Porch
None
Pool Features
None
Roof
Composition
Spa Features
None
Community Features
Building Access
Main Level
MLS Area
C13 - Palms - Mar Vista
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