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

Welcome to the vibrant and eclectic neighborhood of Palms - Mar Vista, located in the heart of Los Angeles County, California. This dynamic area is a hidden gem, perfectly positioned between the bustling streets of Culver City and the serene expanses of Venice Beach. Known for its diverse community and rich cultural tapestry, Palms - Mar Vista offers a unique blend of urban convenience and suburban charm.

One of the standout features of this neighborhood is its mixed-use zoning, which allows for a harmonious blend of residential and commercial spaces. This means that homeowners here can enjoy the convenience of having shops, cafes, and restaurants just steps from their front door. Imagine sipping your morning coffee at a local café, or grabbing dinner from a trendy eatery without the hassle of a long commute. This mixed-use lifestyle fosters a strong sense of community, where neighbors become friends and local businesses thrive.

The homes in Palms - Mar Vista are as diverse as its residents, featuring everything from charming bungalows to modern townhouses, many of which come with the added benefit of commercial space. This unique aspect appeals to entrepreneurs and creatives looking to establish a business while enjoying the comforts of home.

With its tree-lined streets, proximity to public transportation, and a wealth of parks and recreational areas, Palms - Mar Vista is not just a place to live; it’s a community that invites you to thrive. Whether you’re seeking a peaceful retreat or a lively urban lifestyle, this neighborhood offers the best of both worlds. Come discover your new home in Palms - Mar Vista, where the possibilities are endless!

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.