3833 Beethoven

Presenting 3833 Beethoven Street, a well-located 3-unit multifamily investment opportunity in the desirable Mar Vista neighborhood of Los Angeles. Offered at $1,450,000, the property features approximately 2,112 SF of building area situated on a 5,256 SF lot. The property consists of a detached front house built in 1949, featuring (1) 2-bedroom/1-bathroom unit totaling approximately 887 SF, and a rear building built in 1964, consisting of (2) 1-bedroom/1-bathroom units, each measuring approximately 612.5 SF, for a combined 1,225 SF. The property generates $103,020 in annual scheduled gross income, providing investors with a 4.87% current cap rate and 14.07 GRM. With approximately 11% rental upside, projected annual scheduled income increases to $114,000, resulting in a 5.59% pro forma cap rate and 12.72 GRM. Ideally situated in Mar Vista, the property offers convenient access to Venice, Culver City, Santa Monica, and major Westside employment centers. Its desirable location, detached front residence, and separate rear duplex present an attractive opportunity for investors seeking long-term appreciation and rental income. The property may also appeal to an owner-user interested in occupying one residence while generating income from the remaining units, subject to applicable tenancy and occupancy requirements.

This home located at 3833 Beethoven is currently active and has been available on pardeeproperties.com for 3 days. This property is listed at $1,450,000. It has 4 beds and 3 bathrooms. The property was built in 1949. 3833 Beethoven is in the Palms - Mar Vista community of Los Angeles County.