Palms - Mar Vista (C13) Homes with Mixed Use Subtype

Welcome to the vibrant neighborhoods of Palms and Mar Vista, two hidden gems nestled in the heart of Los Angeles County, California. Known for their eclectic charm and diverse community, these areas boast a unique blend of urban living and suburban tranquility, making them ideal for those seeking a balanced lifestyle.

Palms, with its rich history and artistic vibe, is a neighborhood that thrives on creativity. The area is dotted with trendy cafes, local boutiques, and art studios, offering residents a lively atmosphere that is both inspiring and welcoming. Just a stone's throw away, Mar Vista enchants with its tree-lined streets and a strong sense of community. Here, you’ll find a delightful mix of family-owned businesses and modern amenities, creating a warm neighborhood feel that appeals to all ages.

One of the standout features of this region is the availability of homes with a mixed-use subtype. These properties offer a unique opportunity to live and work in the same space, catering to entrepreneurs and creatives alike. Imagine waking up in your stylish loft above a bustling café or a chic studio that doubles as your workspace. This innovative living arrangement not only provides convenience but also fosters a sense of community, as residents engage with local businesses and neighbors daily.

Whether you’re drawn to the artistic allure of Palms or the family-friendly ambiance of Mar Vista, this region offers a dynamic lifestyle filled with endless possibilities. Embrace the charm of Los Angeles living in these vibrant neighborhoods, where your dream home awaits!

Newest Palms - Mar Vista (C13) Homes with Mixed Use Subtype

$4,200,000

PW26197968 MLS ⋅ Active Status

This family-owned and operated multifamily property presents an attractive long-term ownership opportunity, having been held by the same ownership group for the past 37 years. Located in a desirable pocket of Palms, the property offers new ownership a strong value-add opportunity, with approximately 51% remaining rental upside that can be captured through interior renovations and the repositioning of existing units. The property benefits from a highly desirable location providing residents with convenient access to employment centers, retail, dining, and entertainment throughout Palms, Culver City, Mar Vista, and surrounding Westside markets. The property’s location and strong rental demand provide a solid foundation for both immediate income growth and long-term appreciation. New ownership may also have the potential to convert existing carports into attached Accessory Dwelling Units (ADUs) under California’s favorable ADU regulations, providing an additional avenue for future value creation. Buyer to independently verify the feasibility, permitting requirements, and applicability of any ADU conversion. Ideally situated near major transportation corridors, the property is located just minutes from the 10 and 405 Freeways, providing residents with convenient access throughout Los Angeles and to major employment centers across the Westside and greater Los Angeles area. The combination of long-term ownership history, significant rental upside, potential ADU upside, and a highly accessible Palms location makes this an attractive opportunity for investors seeking a well-located value-add multifamily asset.

3750 Midvale Avenue, Los Angeles

$3,800,000

SB26178268 MLS ⋅ Active Under Contract Status

Exceptional opportunity to acquire a non-RSO, 11 unit apartment building comprised of 9 2-bedroom/2-bathroom units, and 2 one-bedroom/one-bath units, originally built in 1987 and totaling approximately 10,514 square feet of living space. The property currently offers an attractive 5.3% cap rate, with approximately 25% rental upside, presenting investors with the potential to achieve a projected cap rate of up to 7% as rents are brought to market levels. Amenities include assigned parking in a subterranean garage, community laundry facilities, and individually metered gas and electric utilities. The building has also benefited from recent capital improvements such as brand new roof, enhancing the property's condition and reducing near-term maintenance requirements. Ideally located in the heart of Mar Vista, just minutes from Venice Beach and Downtown Culver City. With strong rental demand, significant rental upside, and a highly desirable central location, this asset presents a compelling opportunity for investors seeking both stable current income and long-term value growth in one of Los Angeles’ most dynamic rental markets.

3552 S Centinela Avenue, Los Angeles

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.