One Unit Delivered Vacant - Desirable Owner-User Opportunity | Offered at $297,500 Per Unit | Unit Mix of (Two) 2-Bed/1-Bath Units and (Two) 1- Bed/1- Bath Units | Tremendous Value-Add Potential Approximately 65% in Rental Upside | 7.01% Pro-Forma Cap Rate & 10.66 Pro-Forma GRM | Zoned LAR3 With TOC Tier 3 Density Bonus on Large 7,004-SF Lot | Full Copper Plumbing & Total of 4 Garage Spaces | 1-Bedroom Unit Contains Remodeled Kitchen & New Cabinets |Close Proximity to Playa Del Rey, Playa Vista, LAX Airport, Silicon Beach & Inglewood | Approximately 2.5 Miles to Loyola Marymount University, Otis College of Art and Design & SoFi Stadium | Located Near Offices of YouTube, Facebook, Microsoft, IMAX Headquarters, Fox Sports & the Promenade at Howard Hughes Center
Multi-familyProperty Type
1950Year Built
7,004 sq ftLot Size
$463Est. Price/Sq.Ft.
4 car garageParking
Listed by David Messiah•DRE #02117893• Shield CRE, Inc.
•310-561-2384 (agent)
•david.messiah@lyonstahl.com (agent)
Bought with Subscriber Non•DRE #13252• Non-Participant Office
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Permits
Beds
6
Baths
4
Stories
—
Lot width
—
Lot depth
—
Lot size
7,006 Sq. Ft.
Year renovated
1950
Sq. Ft.
2,975
Year built
1950
Style
Multi-Family (2-4 Unit)
County
Los Angeles County
APN
4125011042
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 6, 2026.
Aug 7, 2023 • Final
Plumbing
Install earthquake shut-off valves on gas meters.
Gas
Plumbing
Dec 20, 2002 • Final
Plumbing
Relocate water heaters, vents, and gas outlets.
Gas
Plumbing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Garage
Garage
# of Garage Spaces: 4
Parking
# of Parking Spaces (Total): 4
# of Covered Parking Spaces: 4
Interior
Equipment
Other
Heating & Cooling
Other Cooling
Other Heat
Multi-Unit Income
Actual Rent Total: $67,800
Actual Annual Gross Rent: $67,800
Gross Income: 67800
Gross Operating Income: $65,766
Net Operating Income: $40,947
Multi-Unit Expenses
Total Annual Expense: $24,820
Multi-Unit Other Financial Information
Gross Rent Multiplier: 17.55
Vacancy Rate: 1
Vacancy Allow Dollar: $2,034
Vacancy Allow %: 3
Scheduled Actual: Actual
Multi-Unit Information
Unit Type Type: 1, 2, 3, 4
Type Of Units: 2+1, 1+1
# of Buildings: 1
# of Gas Meters: 4
# of Electric Meters: 4
Unit 1 Information
# of Beds: 2
# of Baths: 1.00
Rent: $990
Projected Rent: $2,575
Actual Rent: $990
# of Units: 1
Unit 2 Information
# of Beds: 2
# of Baths: 1.00
Rent: $1,085
Projected Rent: $2,575
Actual Rent: $1,085
# of Units: 1
Unit 3 Information
# of Beds: 1
# of Baths: 1.00
Rent: $1,500
Projected Rent: $2,075
Actual Rent: $1,500
# of Units: 1
Unit 4 Information
# of Beds: 1
# of Baths: 1.00
Rent: $2,075
Projected Rent: $2,075
# of Units: 1
Exterior
Building Information
Total Floors: 1
Construction MVO: Frame and Stucco
Property Information
Property Type: Residential Income
Land Information
Other Structures: Other
Lot Information
Lot Size (Sq. Ft.): 7,004
Lot Size (Acres): 0.1608
Zoning: LAR3
Property Features
Alley: True
Financial
Assessment Information
Assessed Total Value: $539,559
Assessed Land Value: $376,276
Assessed Land %: 69.74
Assessed Improvement Value: $163,283
Assessed Improvement %: 30.26
Assessor Parcel Number: 4125-011-042
Tax Information
Tax Total: $14,875
Tax %: 1.25
Location
Community Information
# of Units in Complex (Total): 4
Location Information
Directions: West of Aviation Boulevard, North of Arbor Vitae Street, South of Manchester Avenue, East of Sepulveda Boulevard
Cross Streets: Ramsgate Avenue & Interceptor Street
Public facts
Beds: 6
Baths: 4.0
Sq. Ft.: 2,975
Stories: —
Lot Size: 7,006 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1950
Year Renovated: 1950
County: Los Angeles County
APN: 4125011042
Home facts updated by county records on Oct 6, 2026
Other
Documents & Disclosures
Disclosures: As Is
Around this home
Schools
Westport Heights Elementary School
Public K-5 • Assigned • 0.9mi
5/10
Orville Wright Engineering And Design Magnet
Public 6-8 • Assigned • 1.5mi
2/10
Westchester Enriched Sciences Magnet Health/Sports Medicine
Public 9-12 • Assigned • 2.7mi
5/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
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