3744 Delmas Ter new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90034
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,624 sqft
Price per Sqft $347
MLS Listing ID 25577225
Style Contemporary
Bedrooms 13
Year Built 1984
Lot Size 7,317 Sqft
Acres 0.168
Property Sub-Type Multi-Family
Property Description
NO LA CITY RENT CONTROL. Other LA, State, County rental housing rules/regs may apply. Buyer to undertake all due diligence in that regard; Broker/Agents make no representations concerning same. Located on a cul-de-sac in Palms, this 9-unit, non-rent control multifamily property offers tenants the best of both worlds: a residential setting on a quiet street offering the conveniences of Downtown Culver City and other nearby retail centers. Key landmarks, including Culver City Hall, Sony Pictures Studios, Apple, Amazon and other top employment centers are within close proximity. Built on an approximately 7,317 square foot lot, the property consists of (4) two bedroom/two bathroom units, (1) one bedroom/one bathroom unit, and (4) studios, totaling over 7,600 square feet of living space. Depending on the unit, amenities include dens, lofts and balconies. The building also features off-street parking with space for up to 9 cars, and on-site laundry. Potential ADU conversion of garage space(s) to be researched if desired; no guarantee or representations made re same. Moments to the freeways and multiple Metro E Line stations, such as Palms and Culver City stations, providing easy light rail access to Santa Monica, Downtown Los Angeles and all points in between. Generating $228,714 a year with approximately $96,037 a year in expenses (expenses include Property Tax at 1.25% of List Price), this property is not just a great investment -- priced at a 5% cap, it is a golden opportunity for your portfolio with strong upside in rents.
Location
State CA
County Los Angeles
Area Beverlywood Vicinity
Zoning LAR3
Rooms
Other Rooms None
Dining Room 1
Kitchen Galley Kitchen
Interior
Interior Features High Ceilings (9 Feet+)
Heating Wall
Cooling Wall Unit(s)
Flooring Mixed
Fireplaces Type Living Room, Gas
Equipment Built-Ins, Range/Oven, Refrigerator, Garbage Disposal, Dishwasher, Washer, Dryer
Laundry Community
Exterior
Parking Features Carport Attached, Assigned
Garage Spaces 9.0
Pool None
Community Features Community Mailbox
Waterfront Description None
View Y/N Yes
View City
Roof Type Composition, Shingle
Building
Lot Description Curbs
Story 2
Foundation Raised
Sewer In Street
Water In Street
Architectural Style Contemporary
Level or Stories Two, Multi/Split
Structure Type Stucco
Schools
School District Los Angeles Unified
Others
Special Listing Condition Standard