Sold
Last Sold Price
6 beds5 baths2,600 sqft

16 64th Ave, Playa del Rey, CA 90293

Multi FamilyProperty Type
0.05 acresLot Size
1953Year Built
$1,038/sq ftPrice per sq ft
6 carsParking Spaces

Description

Prime location! 360-degree ocean, lagoon and mountain views! The top floor unit is 3 bedrooms and 2 baths. The second floor unit is also 3 bedrooms and 2 baths and is in use as a vacation rental and will be delivered fully furnished. Both units have ocean views and access to the roof deck that is great for entertaining and relaxing. The first level is a studio as well as a 2 car and two 1 car attached garages. Direct access from the garage into the building. There are also 2 additional spaces behind...Prime location! 360-degree ocean, lagoon and mountain views! The top floor unit is 3 bedrooms and 2 baths. The second floor unit is also 3 bedrooms and 2 baths and is in use as a vacation rental and will be delivered fully furnished. Both units have ocean views and access to the roof deck that is great for entertaining and relaxing. The first level is a studio as well as a 2 car and two 1 car attached garages. Direct access from the garage into the building. There are also 2 additional spaces behind the building. Entire property will be vacant at the close of escrow. This is a wonderful investment opportunity in a beach community that is undergoing major revitalization spurred on by the influx of all the Tech companies in Playa Vista, Venice and surrounding areas. Potential to convert to a 3,800 sq. ft. single family house with interior stairwell. Studio is not permitted as 3rd unit. New windows and roof.
  • Listed by: Denise Fast DRE #00941563 Brokerage DRE #01050989 • RE/MAX ESTATE PROPERTIES
Listing closed: 03/23/2021 12:00 AM • Source: CLAW, MLS#: 20-668562
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Recent comparable sales

Median sold price

$2,530,000

Avg days on market

47

Sale-to-list ratio

93.0%

Playa del Rey, CA

9 comparable properties found

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Location

Listing Courtesy of RE/MAX ESTATE PROPERTIES, Denise Fast, DRE #00941563

Sold By RE/MAX Estate Properties, Lauren Perreault, DRE #01517010; RE/MAX Estate Properties, Victoria Babilonia, DRE #01294639

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$17,325 per month

30 year fixed, 7.03% Interest

Principal and Interest

$14,414

Property Taxes

$2,911

HOA Dues

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Property Information for 16 64th Avenue

Property Details

  • MLS Type: Residential Income
  • Zoning: LAR3
  • Style: Contemporary
  • Accessibility Features: None
  • Parcel Number: 4116002020
  • Total Units: 2.0
  • Living Area: 2600
  • Source Living Area: Owner
  • Area: Playa Del Rey (C31)
  • Vacancy Rate: 100%
  • Lot Size Area: 2102
  • Source Lot Size Area: Vendor Enhanced
  • Assessor Parcel Number: 4116-002-020
  • Directions: Take Culver Blvd to Right onto Esplanade St. Left on Convoy St. then Right on Pacific Ave. all the way down to 64th. Left onto 64th and there is parking in the back of the building. (This is a detour as part of Pacific Ave. is closed at this time)

Building Information

  • Stories: 2
  • Year Built: 1953
  • Lot Size: 0.05 AC / 2,102 SF

Community / Development

Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 2
  • Senior Community: No

Structure Info

Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Duplex
  • View: Yes
  • View Description: Mountains, Ocean, Lagoon
  • View: Mountain(s), Ocean
  • Sewer: In Street

Contract Info

Contract Info
  • Probate: No
  • Financing: Cash, Cash To New Loan
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service

Income & Expenses Information

Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $114,000
  • Net Operating Income: $73,875.00
  • Gross Income: $114,000
  • Cap Rate: 2.60%
  • Gross Rent Multiplier: $24.00
  • Total Annual Expense: 40125

Land / Lot Info

Land / Lot Info
  • Additional Parcel Number: No
  • Lot Acreage: 0.0483
  • Lot Size Square Feet: 2102
  • Lot Size Dimensions: 30x71
  • Source Lot Size Dimensions: Vendor Enhanced

Parking Details

Parking Details
  • Parking Garage: Attached, Garage
  • Total Parking: 6
  • Covered Parking: 4
  • Open Other Spaces Total: 2
  • Garage Spaces Total: 4
  • Carport Spaces Total: 0
  • Parking Features: Garage

Interior Features

Interior Features
  • Fireplace Features: Living Room, Gas
  • Fireplace Rooms: Living Room, Gas
  • Cooling: None
  • Cooling Type: None
  • Heating: Central
  • Heating Type: Central
  • Flooring: Mixed
  • Equipment: Built-Ins, Dishwasher, Garbage Disposal, Dryer, Washer, Microwave
  • Common Walls: Attached
  • Disability Access: None

Exterior Features

Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Other Structures: None

Lease Terms

Lease Terms
  • Entry Date: 12-09-2020

Unit Details

Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: Yes
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $4,700.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: Yes
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $4,700.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: Yes
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $1,500.00
  • Like Units: 3
Unit Details
  • Unit Type Type: 2106, 2107, 2108

Tax and Assessed Info

Tax and Assessed Info
  • Assessed Improvement Value: $198,540.00
  • Assessed Improvement Percent: 22.73
  • Assessed Land Value: $675,005.00
  • Assessed Land Percent: 77.27
  • Assessed Total Value: $873,545.00
  • Private Transfer Taxes: No

Property History for 16 64th Avenue

DateEvent & SourcePriceAppreciation
Mar 23, 2021

Sold

CRMLS #20668562

$2,700,000—
Mar 23, 2021

Sold

CLAW #20-668562

$2,700,000—
Feb 23, 2021

Sold (Public Record)

Public Record #1454421274

$2,700,000

+7.8% / yr

DateEvent & SourcePrice
03/23/2021

Sold

CRMLS #20668562

$2,700,000
03/23/2021

Sold

CLAW #20-668562

$2,700,000
02/23/2021

Sold (Public Record)

Public Record #1454421274

$2,700,000

+7.8% / yr

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public records

16 64th Avenue

Beds

4

Baths

4

Total Finished SqFt

1,416 SqFt

Above Grade Finished SqFt

1,416 SqFt

Stories

2

Lot Size

2,102 SqFt

Schools near 16 64th Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 5
Public - K to 5
Public - 6 to 8
Rating
School
Distance
Loyola Village Elementary School
PublicK to 5

Kentwood Elementary School
PublicK to 5

Paseo Del Rey Natural Science Magnet
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX ESTATE PROPERTIES, Denise Fast, DRE #00941563

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.