CA > Los Angeles
Los Angeles, CA 90034,3189 Cheviot Vista Place
Los Angeles, CA 90034,3189 Cheviot Vista Place
Los Angeles, CA 90034,3189 Cheviot Vista Place
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$4,850,000
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15,477 SqFt
New

3189 Cheviot Vista Place Los Angeles, CA 90034

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Disen Cai

Disen Cai

Keller Williams Peninsula Estates

+1(650) 622-2156

UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 15,477 sqft

Price per Sqft $313

MLS Listing ID CL25532523

HOA Y/N No

Year Built 1973

Lot Size 0.274 Acres

Acres 0.27

Property Sub-Type Other

Property 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 C

Location

State CA

County Los Angeles

Zoning LAR4

Interior

Heating Wall Furnace

Fireplace No

Laundry Community Facility, In Garage, Laundry Room

Exterior

View Y/N false

View None

Building

New Construction No

Others

Tax ID 4314026056

Bridge MLS
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Matthew Lee • Lilly Enterprises, Inc.

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Disen Cai

Agent | License ID: 01928373

+1(650) 622-2156

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