$1,450,000
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. Built in 1949, the property consists of (2) 1-bedroom/1-bathroom units and (1) 2-bedroom/1-bathroom unit, offering an attractive unit mix in a highly sought-after Westside rental market.
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. This opportunity allows investors to benefit from existing rental income while capturing additional value through future rent growth.
Located in the heart of Mar Vista, the property offers convenient access to Venice, Culver City, Santa Monica, and the greater Westside employment centers. Its desirable residential setting, three-unit configuration, and income potential make 3833 Beethoven Street an appealing opportunity for investors seeking long-term appreciation and rental growth. The property may also appeal to an owner-user looking to occupy one unit while generating income from the remaining residences, subject to applicable tenancy and occupancy requirements
SB26238374
MLS
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Coming Soon
Status
3833 Beethoven, Los Angeles
