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RYAN STEELE

ryan.steele@lptrealty.com +1(818) 900-1859

$ 1,500,000

Est. payment | -/mo

4 Baths

2,426 SqFt

Save

$ 1,500,000

Est. payment | -/mo

Save

4 Baths

2,426 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,426 sqft

Price per Sqft $618

MLS Listing ID 26867233

Year Built 1954

Lot Size 7,106 Sqft

Acres 0.1631

Property Sub-Type Multi-Family

Property Description

This legacy four-plex held in the same family since 1989, presents a rare opportunity to acquire a character rich, desirable asset in Prime Mar Vista with 3 of 4 units delivered vacant. The new owner will benefit from multiple options to profitability- rehabbing and renting at market, redevelopment for up to 8 units or adding ADU's for substantially higher income (buyer to verify with City). It benefits from a premium location just blocks from the Von's shopping center, the new Culver Public Market and neighborhood dining destinations such as Hatchet Hall and Broken Spanish. The property offers an exceptional blend of long term stability and meaningful value add potential. Built in 1954, the property has 2,426 square feet of improvements on a generous 7,104 SF R3 zoned lot, creating optionality for future expansion, additional units, or ADU development (buyer to verify). The site features an ideal layout: a standalone 3BD/1BA front cottage with a private garage paired with a rear triplex consisting of three well-proportioned 1BD/1BA units all of which will all be delivered vacant. The two rear garages will also be delivered vacant, offering immediate income upside or potential for conversion. The property has been professionally managed by the same operator for 40 years, providing investors with confidence in its operational continuity and clean historical oversight. Recent capital improvements include brand new electrical sub panels in all four units, rebuilt freshly painted stairs and handrails for the rear building, new vertical and horizontal plumbing in the front house and a new heater in Unit 12609. With five total parking spaces and a simple, efficient building configuration, the asset is easy to operate and highly marketable to today's renter base. For investors seeking a blend of stability, upside, and long term optionality, this Mar Vista four plex checks every box: irreplaceable location, strong in-place fundamentals, clear paths to revenue growth, and zoning that supports future redevelopment potential. This is a rare chance to secure a legacy asset in a supply constrained Westside submarket.

Location

State CA

County Los Angeles

Area Palms - Mar Vista

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Wall, Natural Gas

Cooling None

Equipment Garbage Disposal

Exterior

Parking Features Garage - 1 Car, Garage

Garage Spaces 4.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Lyon Stahl Investment Real Estate, Inc.

Schools and Properties Nearby

12609 Mitchell Ave Los Angeles, CA 90066