3189 Cheviot Vista Place

Los Angeles, CA 90034

  • 19 Bed(s)
  • 0 Bath(s)
  • 15,477 Sqft
  • 11952
    Sqft(Lot)
$4,850,000

Description

We are pleased to present for sale 3189 cheviot vista pl. in palms mar vista of los angeles, ca. the offering consists of a 1973 built (larso) 21 unit value-add apartment building, not subject to the measure ula "mansion tax". the property has benefitted from a local family of conscientious operators and their portfolio is professionally managed by lilly property management co. a brand new $70,000 roof was installed last year. the mix of studios (4), 1br/1ba (16) and 2br/1ba (1) units (ranging from 700 to 800 sf) cater towards a broad rental market. the studios and 1br's, which account for 95% of all units, may assist in keeping rents paced with the market during turnover. there is an on-site manager in unit 104. the building is offered at a reasonable 5.50 cap / 10.80 x. with approximately 40% rental upside, new ownership may be afforded a path towards a considerable 8.70 cap / 7.85 x. tenants will have access to an on-site laundry room, ac wall units, heating units, private patio, and 20 gated parking spaces + 1 uncovered space. within close proximity is the e station of the metro line in addition to the 10 freeway national blvd. off ramp directly next to the property. also within close proximity is downtown culver city, hayden tract and sony pictures studios. according to la county planning 2023, palms mar vista had a total population of 112,000 people with an average household income of $105,000. 65% of the population were renters. the offering presents an ideal value-add opportunity of operational stability with consistent cash flow and predictable long term appreciation. furthermore, offering potential adu avenues for the new owner to explore (buyer to verify). the property will make a strong addition to any investor's portfolio whether they're in acquisition mode or simply looking for an immediate 1031 solution. property is subject to larso. as of may 8, 2025 there are two (2) 1br/1ba vacancies. no other units will be delivered vacant by seller upon close of escrow, except those occurring naturally. property to be sold in as-is condition. please do not walk the property or disturb the tenants. text/email la for om. showing upon an accepted offer. please submit proof of funds and pre-approval with offer.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    49672489

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Property Details

  • Bedroom Information

    • Total Bedrooms : 19

    Bathroom Information

    • Total Baths: 21
    • Full Baths: 0
    • Half Baths: 0

    Interior Features

    • Interior Features: Ceiling Fan(s)
    • Property Appliances: Dishwasher,Disposal,Refrigerator,Vented Exhaust Fan

    Heating Source

    • Wall Furnace
    • Has Heating

  • Building Information

    • Year Built: 1973
    • Building Area Total: 15,477

    Security Features

    • Gated Community

    Pool Features

    • None

    Laundry Features

    • Common Area,In Garage,Laundry Room

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.2744
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 11952

  • Listing Price Information

    • Original List Price: 4,850,000
    • Listing Contract Date: 2025-05-08

    Lease Information

    • Listing Agreement: Seller Reserved

  • Tax Information

    • Parcel Number: 4314026056

  • Garage and Parking

    • Garage Description: Assigned,Controlled Entrance,Covered,Gated,Side By Side,Uncovered

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Electricity,Gas

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: C13 - Palms - Mar Vista
    • Directions: East of Overland Ave., North of Rose Ave./National Blvd., N side of National Blvd., S of the 10 Fwy.
    • Zoning: LAR4
    • Source Property Type: Residential Income
    • Area: C13 - Palms - Mar Vista

    Building and Construction

    • Property Age: 52
    • Property Condition: Fixer
    • Year Built Source: Assessor
    • Total Square Feet Living: 15477
    • Entry Location: Main Level
    • Levels or Stories: Three Or More
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BuyOwner last updated this listing 05/13/2025 @ 18:09

  • MLS: 25532523
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 19 bedrooms which is for sale, it has 15,477 sqft, 11,952 sized lot, and 0 parking. are nearby neighborhoods.