Multifamily

11846 Atlantic Ave

11846 Atlantic Ave, Los Angeles, CA 90066

Listing Price: $1,650,000

Cap Rate
3.62%
Number of Units
3
GRM
19.37
Occupancy
97.0%
Price/Unit
$550,000
Price/Gross SF
$797.87
Gross SF
2,068

Investment Overview

Marcus & Millichap is pleased to present 11846 Atlantic Avenue, Culver City, CA. This property is located at the epicenter of three of the most desirable neighborhoods in Los Angeles County Playa Vista, Venice Beach and Culver City. The property is comprised of one (1) two-bed / one bath unit and, two (2) one-bed / one-bath units, with onsite parking. The 2,068 SF building was built in 1947 and is situated on 7,352 SF of land. The property has undergone extensive renovations in recent years including adding copper plumbing, marble countertops, seismic retrofitting of the foundation, attic insulation upgrades, roof crest venting / turbine, and roof reflective coating. The property is separately metered for gas and electric. Rent collections are up to date with 100% payments throughout the COVID -19 pandemic. The property has an excellent Walkscore of 76 with most errands able to be completed on foot. There is also convenient access to the 405 freeway. This property is a great opportunity for an investor who is interested in capitalizing on current low interest rates in one of the trendiest neighborhoods in Los Angeles.

Investment Highlights

  • Prime Culver City Location
  • Large 7,352 SF Lot Zoned CCR4
  • Excellent Walk Score of 76

Exclusively Listed By

  • Becky Eriksson

    Associate

    Email Becky

    License(s): CA: 02052561

    West Los Angeles

  • Laura Alice Scaturro

    Associate

    Email Laura Alice

    License(s): CA: 01942167

    West Los Angeles

Listing Price: $1,650,000

Cap Rate
3.62%
Number of Units
3
GRM
19.37
Occupancy
97.0%
Price/Unit
$550,000
Price/Gross SF
$797.87
Gross SF
2,068

Investment Highlights

  • Prime Culver City Location
  • Large 7,352 SF Lot Zoned CCR4
  • Excellent Walk Score of 76

Investment Overview

Marcus & Millichap is pleased to present 11846 Atlantic Avenue, Culver City, CA. This property is located at the epicenter of three of the most desirable neighborhoods in Los Angeles County Playa Vista, Venice Beach and Culver City. The property is comprised of one (1) two-bed / one bath unit and, two (2) one-bed / one-bath units, with onsite parking. The 2,068 SF building was built in 1947 and is situated on 7,352 SF of land. The property has undergone extensive renovations in recent years including adding copper plumbing, marble countertops, seismic retrofitting of the foundation, attic insulation upgrades, roof crest venting / turbine, and roof reflective coating. The property is separately metered for gas and electric. Rent collections are up to date with 100% payments throughout the COVID -19 pandemic. The property has an excellent Walkscore of 76 with most errands able to be completed on foot. There is also convenient access to the 405 freeway. This property is a great opportunity for an investor who is interested in capitalizing on current low interest rates in one of the trendiest neighborhoods in Los Angeles.

Exclusively Listed By

  • Becky Eriksson

    Associate

    Email Becky

    License(s): CA: 02052561

    West Los Angeles

  • Laura Alice Scaturro

    Associate

    Email Laura Alice

    License(s): CA: 01942167

    West Los Angeles

MM Texture Background
MM Textured Background Lower