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$ 6,695,000
Est. payment | /mo
13,248 SqFt
$ 6,695,000
Est. payment | /mo
13,248 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 13,248 sqft
Price per Sqft $505
MLS Listing ID CL26864115
HOA Y/N No
Year Built 1957
Lot Size 0.331 Acres
Acres 0.3306
Property Sub-Type Other
Property Description
3410 Club Drive presents a rare opportunity to acquire a well-performing 17-unit multifamily property in a highly desirable area in west Los Angeles, adjacent to Cheviot Hills and near Culver City. The property is largely renovated, with 15 of 17 units featuring updated interiors, generating approximately $520,000 in gross annual income and offering strong in-place cash flow. The property features a charming central courtyard, a well-maintained pool, on-site laundry, controlled access, and 18 carport parking spaces, many of which have built-in storage. Excellent Unit Mix of (4) 2+2, (9) 2+1, (4) 1+1. Capital improvements have been completed over time and include predominantly copper plumbing, largely updated electrical systems, and mostly newer windows (buyer to verify). Seismic retrofit earthquake work and required balcony inspections have been completed, reducing future capital exposure. Additional upside exists via two existing non-residential spaces that may be suitable for ADU conversion, presenting potential for future income growth (buyer to verify feasibility with the City). This offering is well-suited for investors, including 1031 exchange buyers, seeking a stabilized asset with durable income and long-term growth potential.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Wall Furnace
Flooring Laminate, Tile, Vinyl
Fireplace No
Laundry Common Area
Building
New Construction No
Others
Tax ID 4316031014

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Listed by Linda Light • Coldwell Banker Realty
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