Property Description

Keller Williams Realty and Everyday Real Estate Inc. are pleased to offer this exceptional investment opportunity. 3743 Mclaughlin Ave is a 12-unit, 7380 square foot multifamily property zoned LAR3 and located near the border of Mar Vista and Culver City. Built in 1961, this classic building offers a favorable unit mix of four 0+1, four 1+1, three 2+1, one 2+1.5. Five of the units are fully furnished and operating on month-to-month leases and can be delivered vacant (one 0+1, two 1+1, two 2+1). ADU plans, which satisfy the retrofit requirement, and permits are included (owner spent $76.8K). These two new units (1+1 in the front, and 2+1 in the back) are projected to increase revenue by $56K per year and will satisfy the retrofit requirement. Permits have been filed but no work has commenced. Property is master metered for water, has 13 parking spaces and laundry room onsite with leased washer and dryer.

ESSENTIAL INFO

• Status: Active