Property listed by Lyon Stahl Investment Real Estate, Inc., Cameron Samimi 310-259-7556
$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, with the rear building constructed in 1964 per ZIMAS, the… Read More property consists of (2) 1-bedroom/1-bathroom rear units and (1) detached 2-bedroom/1-bathroom front house. The two rear units are 612.5 SF each (1,225 SF combined), and the detached front house is 887 SF, for a total property area of 2,112 SF, 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. Read Less
Listing Snapshot
Days Online
0
Last Updated
Property Type
SingleFamilyResidence
Beds
4
Full Baths
3
Square Ft.
2,112
Lot Size
0.12 Acres
Year Built
1949
MLS Number
SB26241531
Additional Details
Building
Built in 1949, Living area: 2112.0, Living area units: SquareFeet, 2 stories, Levels: Two, Entry level: 1, Entry location: 1
Community
Biking, Curbs, Park, StreetLights, Suburban, Sidewalks
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Confirm your time
Fill in your details and we will contact you to confirm a time.
