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3745 S Centinela Ave, Los Angeles, CA 90066
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3745 S Centinela Ave Los Angeles, CA 90066

$1,942,500 Sold Price as of 12/29/2021
  • 8 Beds
  • 5 Baths
  • 4,554 Sq.Ft.
Sold
$1,942,500 Sold Price as of 12/29/2021 Refinance Your Mortgage
Map preview of 3745 S Centinela Ave, Los Angeles, CA 90066

Property Overview: 3745 S Centinela Ave Los Angeles, CA has 8 bedrooms, 5 bathrooms, 4,554 living square feet and 4,950 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This 5 unit investment opportunity offers tangible appreciation in an excellent location. It is across the street from Mitsuwa Market center with a Chase Bank and CVS. 3 blocks away is the highly anticipated Culver Market Hall site which is in development scheduled to open in 2022. The centralized location provides easy access to Silicon Beach, Santa Monica, Culver City and Marina del Rey. The property is very well maintained with many capital improvements and will run efficiently and profitably. There are separate meters for gas & electric. The plumbing is all copper, and the exterior including stucco, eaves and fascia is in impeccable condition. The windows have been upgraded to double-glaze panes providing excellent noise abatement. The units are large and bright and there is 20% upside in current rents.

Listed by Keith Moret | BRE #01802527 | Keller Williams Beach Cities
Last checked: 1 minute ago | Last updated: March 23rd, 2022 | Source CRMLS | DOM: 12

Home details

Lot Sq. Ft
4,950
HOA Dues
$0/mo
Year built
1959
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21797972
City
Los Angeles
County
Los Angeles
Time on Site
924 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
  • # of Electric Meters: 5
  • # of Gas Meters: 5
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,040
  • Total Rent: $2,040
  • Pro Forma/Market Rent: $2,395
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,377
  • Total Rent: $1,377
  • Pro Forma/Market Rent: $1,950
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,544
  • Total Rent: $1,544
  • Pro Forma/Market Rent: $2,395
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,395
  • Total Rent: $2,395
  • Pro Forma/Market Rent: $2,395
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,887
  • Total Rent: $1,950
  • Pro Forma/Market Rent: $1,950
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 18.06
  • Gross Scheduled Income: --
  • Net Operating Income: $69,795
  • Gross Operating Income: $104,914
Annual Expense Breakdown
  • Total Operating Expense: --

Virtual Tour

Use the following link to view this property's virtual tour:

Property Details for 3745 S Centinela Ave

Interior Features
Room Information
  • Flooring: Wood
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Refrigerator, Gas Range
Interior Features
  • Ceiling Fan(s)
  • Window Features: Double Pane Windows
  • Security Features: Carbon Monoxide Detector(s)
Exterior Features
Exterior Information
  • Roof: Composition
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Attached Carport
Property Information
  • Total # of Units: 5
  • Parcel Number: 4246024002
Location / Neighborhood
Location Information
  • Directions: North of Venice Blvd South of Palms Blvd
View more facts & features

Local Los Angeles Agent

Sale History for 3745 S Centinela Ave

Last sold for $1,942,500 on December 29th, 2021

  • December, 2021

  • Dec 29, 2021

    Date

    Sold

    CRMLS: 21797972

    $1,942,500

    Price

  • Oct 20, 2021

    Date

    Active

    CRMLS: 21797972

    $1,995,000

    Price

  • December, 2020

  • Dec 15, 2020

    Date

    Expired

    CRMLS: 20634346

    $1,975,000

    Price

  • Nov 9, 2020

    Date

    Withdrawn

    CRMLS: 20634346

    $1,975,000

    Price

  • Nov 8, 2020

    Date

    Active

    CRMLS: 20634346

    $1,975,000

    Price

  • Oct 9, 2020

    Date

    Hold

    CRMLS: 20634346

    $1,975,000

    Price

  • Sep 18, 2020

    Date

    Active

    CRMLS: 20634346

    $1,975,000

    Price

  • Listing provided courtesy of CRMLS

    This 5 unit property represents a very clean and stable income stream in an irreplaceable location- Prime Mar Vista. The building features copper plumbing, drought tolerant landscaping, double pane windows, carport parking for 5 and well preserved wood eaves and fascia showcasing a Pristine exterior. Operating expenses should be low for the new owner and presents very stable cash flow. The property is subject to Soft story retrofit ordinance and plans have been submitted to the city. Buyer to verify status

  • August, 2017

  • Aug 16, 2017

    Date

    Sold

    CRMLS: SB17130598

    $1,763,000

    Price

  • Aug 7, 2017

    Date

    Pending

    CRMLS: SB17130598

    $1,799,500

    Price

  • Jun 19, 2017

    Date

    Active Under Contract

    CRMLS: SB17130598

    $1,799,500

    Price

  • Jun 9, 2017

    Date

    Active

    CRMLS: SB17130598

    $1,799,500

    Price

  • Listing provided courtesy of CRMLS

    Extremely well-maintained and conscientiously-upgraded building on one of West LA's most renowned streets. The building has immediate curb appeal fronted by custom landscaping and new dual-pane windows (throughout); the gated entry leads to a built-in planter box that runs the length of the building. A building's general health is typically indicative of the condition of the decks and eaves - both are excellent here. The building has copper plumbing, a newer roof and a secured on-site laundry room in the rear. There are 5 carports in the back of the property. A pride-of-ownership opportunity for a seasoned or new investor. Mar Vista is one of LA's hottest rental markets due to its location. The neighborhood provides an investor or tenant excellent access to shopping, the Beach, the Marina and the 405 Freeway. Noted for its convenience and cool climate, this area of LA is an extremely desirable place to live and own real estate. In Mar Vista, one gets many of the benefits of living in the Westside without paying Venice Beach or Santa Monica prices.

  • August, 2017

  • Aug 15, 2017

    Date

    Sold (Public Records)

    Public Records

    $1,763,000

    Price

  • November, 1999

  • Nov 23, 1999

    Date

    Sold (Public Records)

    Public Records

    $400,000

    Price

Show More

Tax History for 3745 S Centinela Ave

Assessed Value (2020): $1,834,225
Year Land Value Improved Value Assessed Value
2020 $1,040,400 $793,825 $1,834,225

Home Value Compared to the Market

This property vs the competition

3745 S Centinela Ave sold on December 29, 2021 for 67.65% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $438.08 per/sqft which puts the price per square foot 41.98% lower than the current median sale per square foot for the city of Los Angeles.

About 3745 S Centinela Ave

Detailed summary of property

3745 S Centinela Ave is a multi family that recently sold in Los Angeles, CA 90066. This multi family property offered 8 bedrooms, 5 bathrooms, roughly 4,554 living square feet, and sits on an approximately 4,950 square foot lot. 3745 S Centinela Ave was first listed on ArdentRealEstateGroup.com on October 23, 2021. The homeowner sold the property for $1,942,500. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 67.65% higher than the current median priced home. Local homes that are currently for sale include 1263 Devon Ave, 8664 Cadillac Ave and 12188 W Sunset Blvd. While the average home in Los Angeles, CA is selling in 96 days, 3745 S Centinela Ave has a days on market of 12 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 3745 S Centinela Ave Los Angeles, CA 90066 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3745 S Centinela Ave

Public county record property details
Beds
8
Baths
5
Year built
1959
Sq. Ft.
4,554
Lot Size
4,949
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
53
APN
4246-024-002

The source for these homes facts are from public records.

90066 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,200,000
Median List Price/Sq.Ft.
$1,014
Median Sold Price
$1,626,261
Median Sold Price/Sq.Ft.
$1,022
Total Inventory
104
Median Sale to List Price %
100.08%
Avg Days on Market
29
Loan Type
Conventional (9.09%), FHA (0%), VA (0%), Cash (15.15%), Other (6.06%)

Thinking of Selling?

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(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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