4980 South Centinela Avenue

Los Angeles, CA 90066

$5,650,000
Price
12
Beds
23
Baths
10,950 Sq. Ft.
$516 / Sq. Ft.
10,950
Sq. Ft.
$516
per Sq. Ft.

Description

12 units newly built in 2014 - No Rent Control (No RSO and No AB1482) in desirable west Los Angeles neighborhood in Marina Del Rey bordering Playa Vista, Mar Vista and Culver City. Current scheduled gross income approx. $382,320 + additional income for parking and utility reimbursements. Current GRM is 15.56 and market at 12.92 GRM; room to immediately improve rents! Current CAP is over 4%. Excellent location at the corner of Centinela Ave & Culver Dr. adjacent to Ballona Creek bike path with city,...12 units newly built in 2014 - No Rent Control (No RSO and No AB1482) in desirable west Los Angeles neighborhood in Marina Del Rey bordering Playa Vista, Mar Vista and Culver City. Current scheduled gross income approx. $382,320 + additional income for parking and utility reimbursements. Current GRM is 15.56 and market at 12.92 GRM; room to immediately improve rents! Current CAP is over 4%. Excellent location at the corner of Centinela Ave & Culver Dr. adjacent to Ballona Creek bike path with city, mountain and LA river views from most of the units. Desirable unit mix with eight 1bd+1ba+Loft, three 1bd + 1ba and one large studio. All units are bright, spacious & modern with its own washer/dryer inside, modern kitchens with stainless steel appliances, white quartz countertops, gray laminate floors throughout. Most units have large patios and/or balconies. Building also features large private gym, security gated parking, intercom access, elevator lift from garage to all floors and security cameras. Centrally located close to UCLA , LMU & SMC, easy access to shopping centers, restaurants and freeways. Great tenants with no back rents due and current throughout COVID.
  1. Listed by Susan Lau • DRE #01516710 • Brokerage DRE #01464847 • Coldwell Banker Realty
  2. Listed by Eric Sackler • DRE #01057377 • Brokerage DRE #01464847 • Coldwell Banker Realty

Property Details for 4980 South Centinela Avenue

Zoning
LAR3
Parcel Number
4221021044
Total Units
12.0
Living Area
10950
Source Living Area
Appraiser
Area
Marina Del Rey (C12)
Vacancy Rate
0%
Lot Size Area
5858

Location

Listing Courtesy of Coldwell Banker Realty, Susan Lau, DRE #01516710; Coldwell Banker Realty, Eric Sackler, DRE #01057377
Add your commute
LISTING UPDATED: 04/02/2024 10:54 AM

Property Details for 4980 South Centinela Avenue

StatusActive Under Contract
MLS #23-310803
Days on Market203
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2014
Lot Size0.13 AC / 5,858 SF
CountyLos Angeles County

Location

Listing Courtesy of Coldwell Banker Realty, Susan Lau, DRE #01516710; Coldwell Banker Realty, Eric Sackler, DRE #01057377
Add your commute

Building Information for 4980 South Centinela Avenue

Stories-Residences-Year Built2014Building Size-Lot Size0.13 AC / 5,858 SF

Payment Calculator

$37,076 per month

30 year fixed, 7.25% Interest

Principal and Interest

$30,834

Property Taxes

$6,242

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4980 South Centinela Avenue

Community / Development
Community / Development
  • Number Of Units: 12
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Builder
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: APT
  • View: Yes
  • View Description: River
  • View: River
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is, Property Report
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $372,890
  • Net Operating Income: $247,944.00
  • Gross Income: $382,320
  • Cap Rate: 4.39%
  • Gross Rent Multiplier: $14.78
  • Other Income1: $1,440.00
  • Garage Income: $600
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 124946
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Lot Acreage: 0.1345
  • Lot Size Square Feet: 5858
Parking Details
Parking Details
  • Parking Garage: Gated, Private Garage, Covered Parking
  • Total Parking: 12
  • Parking Features: Gated, Private, Covered
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling: Central Air
  • Cooling Type: Central, Wall Unit(s)
  • Heating: Central, Wall Furnace
  • Heating Type: Central, Wall, Wall Electric
  • Equipment: Garbage Disposal, Dryer, Washer, Intercom, Cable, Dishwasher, Freezer, Phone System, Range/Oven, Refrigerator
  • Laundry: In Unit
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-13-2023
  • Rent Control: No
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,225.00
  • Unit Actual Rent: $6,675.00
  • Unit Projected Rent: $7,875.00
  • Like Units: 3
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,929.00
  • Unit Actual Rent: $23,435.00
  • Unit Projected Rent: $28,000.00
  • Like Units: 8
Unit 3 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,750.00
  • Unit Actual Rent: $1,750.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,204,759.00
  • Assessed Improvement Percent: 20.0
  • Assessed Land Value: $4,819,041.00
  • Assessed Land Percent: 80
  • Assessed Total Value: $6,023,800.00

Property History for 4980 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 4980 South Centinela Avenue

Taxable ValueLand$4,915,421Additions$1,228,854Total$6,144,275
Tax Record2023$74,907 ($6,242 / month)
Home Facts
Total Finished SqFt7,340 SqFtAbove Grade Finished SqFt7,340 SqFtLot Size5,858 SqFtStyleMulti-Family Res (5+ Units)Year Built2013ZoningLAR3CountyLOS ANGELESAPN4221-021-044

Schools near 4980 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 - K to 5
Rating
School
Distance
Braddock Drive Elementary School
PublicK to 5

Marina Del Rey Middle School
Public6 to 8

Venice Senior High 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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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 Coldwell Banker Realty, Susan Lau, DRE #01516710; Coldwell Banker Realty, Eric Sackler, DRE #01057377

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.