Seller represented by:
Angela and Ashwin Parekh with Pinnacle Estate Properties

3661 McLaughlin Ave Los Angeles, CA 90066
  • For Sale
  • Multi Family · 10 Units

3661 McLaughlin Ave Los Angeles, CA 90066 Get directions

$3,500,000 $470/Sq. ft.
7,440 Sq. ft. 7,357 Sq. ft. Lot
  • Age 60 Years
  • MLS# SR21029391
  • Listed 3 Months 28 Days Ago

Overview

This bldg is on the market for the first time in over 35+ years. 3661 McLaughlin Ave, a 10-Unit apartment building is in one of the most desirable area of Mar Vista. It's just minutes away from the famous Venice and Santa Monica Beach. The units consist of a great mix: Five 1 bed/1 bath; Five 2 bed/1.5 bath. Currently there are two vacant units. Some features of the building includes: A laundry area, two car garage and covered parking. Located in the West side of Los Angeles, there is convenient access to the 405 & 10 Freeways. With a little love and care, this building has great potential to generate a significant income for savvy investors. Please call us for marketing package and rent troll. INVESTORS DREAM WITH HUGE POTENTIAL OPPORTUNITY TO MAXIMIZE INCOME AND BUILD AN ADU!! Please do not disturb tenants or walk on the property.

Features

Interior Features

  • Balcony
  • Copper Plumbing Full
  • Tile Counters
  • Flooring: Carpet, Laminate

Appliances

  • Gas Oven
  • Gas Range
  • Laundry Features: Common Area

Other Rooms

  • Living Room, Main Floor Bedroom

Heating and Cooling

  • Cooling Features: Wall/Window Unit(s)
  • Fuel Expense: 2415.00
  • Heating Features: Wall Furnace
  • Heating: Yes

Garage and Parking

  • Carport Spaces: 10
  • Parking Features: Assigned
  • Parking Total: 10

Land Info

  • Lot Description: 0-1 Unit/Acre
  • Lot Size Acres: 0.1688935
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 7357

Exterior and Lot Features

  • Road Frontage Type: City Street
  • Road Surface Type: Paved

Home Features

  • View: City Lights
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)

Rental Info

  • Gross Income: 134904.00
  • Gross Scheduled Income: 129936.00
  • Number of Units Leased: 8
  • Tenant Pays: All Utilities, Cable TV, Electricity
  • Rent Control: Yes

Multi-Unit Info

  • Number of Units: 10

Homeowners Association

  • Gardener Expense: 1320.00
  • Maintenance Expense: 2210.00
  • Senior Community: Yes

Amenities and Community Features

  • Community Features: Park, Street Lights, Suburban

Other Property Info

  • Source Listing Status: Active
  • County: Los Angeles
  • Directions: West of 405 & North of Venice Blvd
  • Source Property Type: Apartment
  • Insurance Expense: 3741.00
  • Area: C13 - Palms - Mar Vista
  • Source Neighborhood: Mar Vista
  • New Taxes Expense: 43750.00
  • Number of Separate Electric Meters: 11
  • Number of Separate Water Meters: 1
  • Parcel Number: 4234014027
  • Postal Code Plus 4: 3351
  • Trash Expense: 3073.00
  • Zoning: LAR3
  • Source System Name: C2C

Commercial Info

  • Licenses Expense: 147.00
  • Net Operating Income: 58792.00
  • Operating Expense: 71144.00

Building and Construction

  • Total Square Feet Living: 7440.00
  • Year Built: 1961
  • Building Features: 1
  • Common Walls: No Common Walls
  • Foundation Details: Slab
  • Property Age: 60
  • Property Condition: Repairs Cosmetic
  • Roof: Flat
  • Levels or Stories: Two
  • Building Total Stories: 2
  • Year Built Source: Assessor

Utilities

  • Electric: Electricity - On Property
  • Electric Expense: 117.00
  • Sewer: 8377.00
  • Cable Available
  • Cable Connected
  • Electricity Available
  • Natural Gas Available
  • Natural Gas Connected
  • Phone Available
  • Sewer Connected
  • Water Available
  • Water Connected
  • Water Source: Public

Nearby Schools

Rating School Grades Distance
6 Grand View Boulevard Elementary School K-5 0.7 mi
3 Daniel Webster Middle School 6-8 1.4 mi
6 Venice Senior High School 9-12 1.3 mi
NA Pacific Ohana Academy Private School 6-12 0.2 mi

School data provided by National Center for Education Statistics, Maponics, and GreatSchools. Intended for reference only. GreatSchools Ratings compare a school’s test performance to statewide results. To verify enrollment eligibility, contact the school or district directly.

Neighborhood

Property History for 3661 McLaughlin Ave

Property Tax

Property Price

Date Event Price Price / Sq ft Source
2021-02-12 Listed $3,500,000 $470 CRISNET
2021-02-08 Listing removed $3,500,000 $470 CRISNET
2020-09-21 Listed $3,500,000 $470 CRISNET
1983-09-14 Sold - - Public Record

The price and tax history data is obtained from public records and/or MLS feeds from local jurisdiction. Contact your REALTOR® directly in order to obtain the most up-to-date information available.