3777 South Centinela Avenue

Los Angeles, CA 90066

$1,618,000
Price
6
Beds
4
Baths
2,436 Sq. Ft.
$664 / Sq. Ft.
2,436
Sq. Ft.
$664
per Sq. Ft.

Description

The property consists of four strategically positioned units in the prime West Los Angeles (WLA) area, featuring a unit mix of two 2+1 units and two 1+1 units. Noteworthy amenities include three single-car garages at the rear, accessible through the alley, and an additional off-street parking space in the front. Each unit is equipped with individual meters, and all units have long-term tenants currently paying below-market rents. This property presents a promising opportunity for investors interested...The property consists of four strategically positioned units in the prime West Los Angeles (WLA) area, featuring a unit mix of two 2+1 units and two 1+1 units. Noteworthy amenities include three single-car garages at the rear, accessible through the alley, and an additional off-street parking space in the front. Each unit is equipped with individual meters, and all units have long-term tenants currently paying below-market rents. This property presents a promising opportunity for investors interested in potential development projects. Whether the focus is on adding an Accessory Dwelling Unit (ADU) or gradually adjusting rents to align with market rates, there are various avenues to leverage the property's advantageous location and potential. These strategic measures have the potential to significantly increase the property's overall value over time. However, all potential buyers need to be aware of and thoroughly investigate Los Angeles rent control regulations and restrictions before proceeding with any plans. Understanding these factors is crucial for making informed decisions in the dynamic real estate market of Los Angeles.
  1. Listed by Ian Hale • DRE #01120121 • Brokerage DRE #01050989 • RE/MAX ESTATE PROPERTIES

Property Details for 3777 South Centinela Avenue

Water Front
None
Zoning
LAR3
Style
Spanish
Cross Streets
Venice & McCunne
Parcel Number
4246025013
Total Units
4.0
Living Area
2436
Source Living Area
Assessor

Location

Listing Courtesy of RE/MAX ESTATE PROPERTIES, Ian Hale, DRE #01120121
Add your commute
LISTING UPDATED: 01/16/2024 12:01 AM

Property Details for 3777 South Centinela Avenue

StatusActive
MLS #24-344977
Days on Market111
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1930
Lot Size0.09 AC / 3,852 SF
CountyLos Angeles County

Location

Listing Courtesy of RE/MAX ESTATE PROPERTIES, Ian Hale, DRE #01120121
Add your commute

Building Information for 3777 South Centinela Avenue

Stories-Residences-Year Built1930Building Size-Lot Size0.09 AC / 3,852 SF

Payment Calculator

$9,162 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,830

Property Taxes

$332

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3777 South Centinela Avenue

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: Attached
  • View: No
  • View Description: None
  • View: None
  • Direction Faces: East
  • Water: In Street
  • Sewer: In Street
  • Water Heaters: Yes
  • Water Heater Features: Gas, Central Water Heater
Contract Info
Contract Info
  • Disclosures: As Is, Rent Control
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $40,740
  • Net Operating Income: $31,710.00
  • Gross Income: $42,000
  • Gross Rent Multiplier: $38.50
  • Actual Annual Gross Rent: $42,000.00
  • Actual Gross Annual Income: $42,000
  • Lease Per Month Year: Year
  • Total Annual Expense: 31710
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.0884
  • Lot Size Square Feet: 3852
Parking Details
Parking Details
  • Parking Garage: Detached, Driveway, Garage - 3 Car
  • Total Parking: 4
  • Parking Features: Driveway, Garage - Three Door
  • Attached Garage: No
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Natural Gas
  • Heating Type: Natural Gas
  • Equipment: None
  • Common Walls: Attached
  • Laundry: Room
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis Court: None
  • New Construction: No
  • Exterior Construction: Combination
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-10-2024
  • Rent Control: Yes
  • Tenant Pays: Exterior Maintenance
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $500.00
  • Unit Actual Rent: $500.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,000.00
  • Unit Actual Rent: $1,000.00
  • Unit Projected Rent: $2,350.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,000.00
  • Unit Actual Rent: $1,000.00
  • Unit Projected Rent: $1,800.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,000.00
  • Unit Actual Rent: $1,000.00
  • Unit Projected Rent: $1,800.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $132,944.00
  • Assessed Improvement Percent: 45.0
  • Assessed Land Value: $162,493.00
  • Assessed Land Percent: 55
  • Assessed Total Value: $295,437.00

Property History for 3777 South Centinela Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 3777 South Centinela Avenue

Taxable ValueLand$162,493Additions$132,944Total$295,437
Tax Record2023$3,989 ($332 / month)
Home Facts
Total Finished SqFt2,436 SqFtAbove Grade Finished SqFt2,436 SqFtLot Size3,852 SqFtStyleQuadraplexYear Built1930ZoningLAR3CountyLOS ANGELESAPN4246-025-013

Schools near 3777 South Centinela Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Beethoven Street Elementary School
PublicK to 5

Venice Senior High School
Public9 to 12

Phoenix Continuation School
Public9 to 12

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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3777 South Centinela Avenue is a multi-family home for sale in Los Angeles, CA 90066. This property was listed for sale on January 8, 2024 by RE/MAX ESTATE PROPERTIES, it's currently listed at $1,618,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Beethoven Street Elementary School, Mark Twain Middle School and World Languages Magnet and Venice Senior High School. 3777 South Centinela Avenue is a 6-bed, 4-bath, 2,436 sqft multi-family home built in 1930.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX ESTATE PROPERTIES, Ian Hale, DRE #01120121

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.