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Listed by Cameron Samimi, DRE #02035763 • Lyon Stahl Investment Real Estate, Inc.
$1,450,000
Est. payment /mo
5,256 Sqft Lot
New
3833 Beethoven Los Angeles, CA 90066
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB26238374
Year Built 1949
Lot Size 5,256 Sqft
Property Sub-Type Triplex
Source California Regional MLS
Property 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
Location
State CA
County Los Angeles
Area C13 - Palms - Mar Vista
Interior
Laundry Other
Exterior
Pool None
Building
Water District - Public
Others
Tax ID 4236012032
Special Listing Condition Not Applicable
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