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$ 5,800,000
Est. payment | /mo
13,324 SqFt
$ 5,800,000
Est. payment | /mo
13,324 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 13,324 sqft
Price per Sqft $435
MLS Listing ID 26999191
HOA Y/N No
Year Built 1959
Lot Size 0.278 Acres
Property Description
We are pleased to present a twenty-three (23) unit apartment building located at 3340 Overland Ave in Los Angeles, California. The subject property is located in a prime Palms location, right along Overland Ave and north of Palms Blvd. Located in the heart of Palms, this 23-unit multifamily property offers a compelling combination of existing income, rental upside, and future development potential. The unit mix comprises two (2) studios, twenty (20) one-bedroom units, and one (1) two-bedroom unit, with approximately 40% potential rental upside. Situated on a large 18,199-square-foot double lot, the property may offer opportunities for ADUs, including conversion of tuck-under parking, or ground-up development on the adjacent lot, subject to approvals. Improvements include a completed soft-story retrofit and a 2004 copper re-pipe. Residents benefit from on-site laundry, a rear pool, and parking. The location provides convenient access to the Palms Metro E Line, the 10 and 405 freeways, Culver City, and nearby retail and dining. With approximately 40% potential rental upside, an 18,199-square foot double lot, and possible ADU or development opportunities, the property offers multiple paths to add value in a prime Palms location. ***PLEASE NOTE: Property is part of a 9-building portfolio. Building may be sold individually or as a portfolio.
Location
State CA
County Los Angeles
Area C13 - Palms - Mar Vista
Zoning LAC2
Interior
Fireplace No
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4314020033
Special Listing Condition Standard
Listed by Jason Tuvia Marcus & Millichap #01772495
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