3653 Overland Avenue
Los Angeles, CA, 90034 $ 2,600,000
Bedrooms10 Baths10.0 Sq 5,480 Monthly Estimate*
$ 17,958
Listed by Irma Vargas, Tierra Properties, ivargas@rstrents.com
for $2,600,000 with 10 bedrooms and 10 full baths. This 5,480 square foot home was built in 1957 on a lot size of 0.1321.
Rare opportunity to acquire a 14-unit multifamily property in the highly desirable Palms neighborhood of West Los Angeles, offering an attractive 6.12% current cap rate, substantial rent upside, three currently vacant units, and completed major compliance improvements. Built in 1957, the approximately 5,480-square-foot building is situated on a 5,756-square-foot LAR4 lot and features an efficient unit mix of ten 1-bedroom/1-bath units and four studio units, along with five on-site parking spaces.At an asking price property is offered at an attractive basis of approximately $185,714 per unit and a 6.12% current cap rate. Ownership currently holding off market 3 vacant units to all buyer to create increase income. Located in Palms, one of the Westside's most established rental neighborhoods, positioned between Culver City, Mar Vista, Cheviot Hills, and West Los Angeles. Residents benefit from convenient access to Culver City, Century City, Westwood/UCLA, Santa Monica, Playa Vista, the Metro E Line, I-10 and I-405 freeways, as well as major media, entertainment and technology employment centers throughout the Westside.
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FeaturesGeneralLiving Area 5480
Sewer Other
Heating Wall Furnace
Cooling None
Appliances Disposal Refrigerator
Zoning LAR4
Pool Features None
Security Features Carbon Monoxide Detector(s) Smoke Detector(s)
Year Built 1957
Tenant Pays Cable TV Electricity Gas
Levels Three Or More
Gross Income 271730
County Los Angeles
Net Operating Income 159101
New Construction false
Property Type Residential Income
HOA false
Attached Garage true
Full Baths 0
Special Listing Conditions Standard
Status Active
Directions North of Venice Blvd On Overland Ave.
City Los Angeles
Disclosures Rent Control
Senior Community Y/N false
Number Of Units Total 14
MLS Area C13 - Palms - Mar Vista
Lot Size Units Square Feet
Lot Size Square Feet 5756
Carport Y/N true
Property Attached Y/N true
Rent Control Y/N true
Standard Status Active
Cap Rate 6.1
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InteriorFlooring Carpet Laminate Wood
Fireplace Features None
Total Stories 3
Common Walls 1 Common Wall
Air Conditioning Y/N false
Heating Y/N true
Fireplace Y/N false
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Laundry Features Common Area
Total Bedrooms 10
Total Baths 14
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ExteriorParking Features Attached Carport Assigned
Total Parking 5
Lot Size Area 5756
Number of Buildings 1
Building Area Total 5480
Lot Size Acres 0.1321
Private Pool false
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* Excluded FeaturesList Byivargas@rstrents.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $17,958
- Monthly Property Taxes
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- Monthly Home Insurance
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Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Los Angeles, CA
Average List Price $1,964,672
Percent of Sale Price 24%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 11/7/2026 | $2,600,000 | | Listed Price |