Closed Listing
7 Units in Santa Monica Sold @ 111% of Listed Price
3792 ashwood
sold in
Mar Vista
Sold At
$
2,000,000
7
Number of Units
1949
Year Built
2,499
SF
Square Footage
6,003
SF
Lot Size
LARD1.5
Zoning
3792 Ashwood Ave, Los Angeles, CA 90066
About the Property
Great Westside location, 7-unit investment property, located along Venice Blvd. just East of Lincoln. Minutes to the beach, Abbott Kinney and the Boardwalk. All units are 1 bed or studio apartments with some upside in rents. Five of the units have been recently remodeled, in addition to new copper water lines and new sewer main to street. 3.5% projected cap rate (assuming updated property taxes) provides great stability for this investment. Optional development of this lot presents great profit potential. Construction drawings for (3), approx. 2,600 SF townhome-style units can be included with sale at no additional cost. Plans provided by Proto Homes with preliminary lot subdivision already presented to City Planning. Wonderful development opportunity on this LARD 1.5 lot or maintain as a solid rental property.
7
Number of Units
1949
Year Built
2,499
SF
Square Footage
6,003
SF
Lot Size
LARD1.5
Zoning
Detailed Brochure on Real Estate Opportunities
Price P/ Unit
$285,714
Price p/ Sq. ft.
$800
Proforma Cap Rate
5.80%
Contact
Sales agent
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