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3189 Cheviot Vista Place
Los Angeles, CA 90034


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Property Remarks

Prime Palms investment opportunity. 21 units centrally located by the 10 and 405 freeway. The building is 15,477 square feet and was built in 1973. The unit mix consists of four singles, sixteen one bedroom/one baths, and one two bedroom/one bath. All units are separately metered for utilities. Amenities include on-site laundry, dishwashers, disposals, balconies, yards, and gated entry with parking for 28 cars. This bread and butter investment has over 30% upside on rents. Please email listing agent for full marketing package. Inside units will be shown with accepted offer.

Property Details

MLS#
18317546
Days on Market
115
Year Built
1973
Stories
2
Building/Living Area (sq ft)
15,477
Source of SqFt
Vendor Enhanced
Source of Lot Size
Vendor Enhanced

Location

State
CA
County
Los Angeles
Area
Palms - Mar Vista (C13)

Presented By:

Listing provided courtesy of Michael Springer , Halton Pardee and Partners, Inc.


Exterior

Lot Acreage
0
Paved
No
Waterfront
No


Interior

Cooking Appliances
Range
Equip/Appliances
Garbage Disposal

Additional Property Details

Number of Units
21
Parking Spaces
28
Number of Buildings
1
Gross Operating Income
$357,420
Total Expense
$112,350
ADA Compliance
No

AC/Cooling
Other
None

Palms-Mar Vista

Tucked between Venice, Palms, Culver City, and Santa Monica, Mar Vista has attracted attention in recent years as a close-knit community with easy access to everything the Westside has to offer. From the beaches of Santa Monica and Venice to the shops of Beverly Hills, it’s all accessible from here.

Mar Vista is well loved by locals for its quiet charm. Recently the Silicon Beach movement has brought increased attention to the area.

Real Estate: Mar Vista is a mix of Spanish style architecture, colorful, apartment complexes, and low-rise commercial buildings. Homes for sale in Mar Vista reflect a wide variety of eras and styles. The Westdale neighborhood, once citrus orchards and bean fields, was developed in the 1940s with single tract homes built by developer Paul W.Trousdale for returning World War II veterans. Other local neighborhoods include Westside Village, North Westdale, and Hilltop.

 In 2003, the Gregory Ain-designed Mar Vista Tract became the first post-World War II Modern historic district in the city of Los Angeles to be dedicated as a Historic Preservation Overlay Zone. The area consists of 52 parcels designed by architect Gregory Ain in the Modern style. These homes are highly prized by locals and visitors alike.

Community Life: Mar Vista is very much a small town in the big city, reflecting its past while looking toward the future. The Mar Vista Community Council is highly engaged in the city and the planning for its future with an eye toward preserving its unique character. The council is behind several annual events including the Mar Vista Green Garden Showcase that highlights different green gardens on Earth Day each year and the Fall Festival.

The Mar Vista Farmers’ Market is held on Sundays and includes farmers, food vendors, craftspeople and more. The Mar Vista Recreation Center is notable not just for having soccer fields, basketball courts, and a pool, but for also having a roller hockey rink that hosts league play.

Education: Mar Vista is served by the Los Angeles Unified School District and includes Mar Vista Elementary School, Walgrove Avenue Elementary School and Beethoven Street Elementary School. Other local schools include the Mark Twain Middle School and Venice Senior High School. Private options include Wildwood School which offers both elementary and upper level education and Windward School, a college preparatory school for grades 7 through 12.

Transportation: Mar Vista can be reached by the 405 and 10 Freeways as well as Pacific Coast Highway and is served by several local bus routes. Mar Vista’s small size makes it highly walkable and it is bike friendly. Venice Boulevard in Mar Vista has been selected as part of the Great Streets program in order to help make this street, lined with coffee shops, boutiques, and other businesses, even more friendly for pedestrians and bicyclists. Local Attractions: Mar Vista’s primary pleasures are quiet ones. Stop by the local bowling alley, check out a local shop, and enjoy Westside living with a laidback vibe.

Community Explorer

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