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4980 S Centinela Ave, Los Angeles, CA 90066
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4980 S Centinela Ave Los Angeles, CA 90066

$5,650,000
  • 11 Beds
  • 12 Baths
  • 10,950 Sq.Ft.
Back Up Offer
$5,650,000 Get Pre-Qualified
Map preview of 4980 S Centinela Ave, Los Angeles, CA 90066

Property Overview: 4980 S Centinela Ave Los Angeles, CA has 11 bedrooms, 12 bathrooms, 10,950 living square feet and 5,858 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 12 units newly built in 2014 - No Rent Control (No RSO and No AB1482) in desirable west Los Angeles neighborhood in Marina Del Rey bordering Playa Vista, Mar Vista and Culver City. Current scheduled gross income approx. $382,320 + additional income for parking and utility reimbursements. Current GRM is 15.56 and market at 12.92 GRM; room to immediately improve rents! Current CAP is over 4%. Excellent location at the corner of Centinela Ave & Culver Dr. adjacent to Ballona Creek bike path with city, mountain and LA river views from most of the units. Desirable unit mix with eight 1bd+1ba+Loft, three 1bd + 1ba and one large studio. All units are bright, spacious & modern with its own washer/dryer inside, modern kitchens with stainless steel appliances, white quartz countertops, gray laminate floors throughout. Most units have large patios and/or balconies. Building also features large private gym, security gated parking, intercom access, elevator lift from garage to all floors and security cameras. Centrally located close to UCLA , LMU & SMC, easy access to shopping centers, restaurants and freeways. Great tenants with no back rents due and current throughout COVID.

Listed by Susan Lau | BRE #01516710 | Coldwell Banker Realty
Co-listed by Eric Sackler | BRE #01057377 | Coldwell Banker Realty
Last checked: 10 minutes ago | Last updated: April 2nd, 2024 | Source CRMLS | DOM: 215
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Home details

Lot Sq. Ft
5,858
HOA Dues
$0/mo
Year built
2014
Garage
--
Property Type:
Multi Family
Status
Back Up Offer
MLS#
23310803
City
Los Angeles
County
Los Angeles
Time on Site
219 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 12
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 8
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,929
  • Total Rent: $23,435
  • Pro Forma/Market Rent: $28,000
Unit Breakdown 2
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,225
  • Total Rent: $6,675
  • Pro Forma/Market Rent: $7,875
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,750
  • Total Rent: $1,750
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.39%
  • Gross Rent Multiplier: 14.78
  • Gross Scheduled Income: --
  • Net Operating Income: $247,944
  • Gross Operating Income: $372,890
  • Other Income 1: $1,440
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 4980 S Centinela Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central, Wall Furnace
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Refrigerator
Interior Features
  • Levels: Multi/Split
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 12
  • Has Parking
  • Parking Features: Gated, Private, Covered
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: River
  • Total # of Units: 12
  • Parcel Number: 4221021044
  • Year Built Source: Builder
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: On Centinela & Culver Dr just north of 90 FWY
View more facts & features

Local Los Angeles Agent

Sale History for 4980 S Centinela Ave

Last sold on September 3rd, 2019

  • March, 2024

  • Mar 28, 2024

    Date

    Back Up Offer

    CRMLS: 23310803

    $5,650,000

    Price

  • Sep 13, 2023

    Date

    Active

    CRMLS: 23310803

    $5,950,000

    Price

  • August, 2023

  • Aug 3, 2023

    Date

    Expired

    CRMLS: 23238891

    $6,100,000

    Price

  • Feb 10, 2023

    Date

    Active

    CRMLS: 23238891

    $6,400,000

    Price

  • Listing provided courtesy of CRMLS

    PRICE IMPROVEMENT! 12 units newly built in 2014 - No Rent Control (No RSO and No AB1482) in desirable west Los Angeles neighborhood in Marina Del Rey bordering Playa Vista, Mar Vista and Culver City. Current scheduled gross income approx. $374,000 + additional income for parking and utility reimbursements. Current GRM is 17.2 and market at 15.61 GRM; room to immediately improve rents! Excellent location at the corner of Centinela Ave & Culver Dr. adjacent to Ballona Creek bike path with city, mountain and LA river views from most of the units. Desirable unit mix with eight 1bd+1ba+Loft, three 1bd + 1ba and one large studio. All units are bright, spacious & modern with its own washer/dryer inside, modern kitchens with stainless steel appliances, white quartz countertops, gray laminate floors throughout. Most units have large patios and/or balconies. Building also features large private gym, security gated parking, intercom access, elevator lift from garage to all floors and security cameras. Centrally located close to UCLA , LMU & SMC, easy access to shopping centers, restaurants and freeways. Great tenants with no back rents due and current throughout COVID.

  • September, 2019

  • Sep 3, 2019

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • December, 2018

  • Dec 27, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 4980 S Centinela Ave

Assessed Value (2020): $5,845,132
Year Land Value Improved Value Assessed Value
2020 $4,676,106 $1,169,026 $5,845,132

Home Value Compared to the Market

This property vs the competition

4980 S Centinela Ave is listed 352% higher than the median list price for the city of Los Angeles which has a median list price of $1,250,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $515.98 per/sqft which puts the price per square foot 33.25% lower than the median price per square foot for the city of Los Angeles.

About 4980 S Centinela Ave

Detailed summary of property

4980 S Centinela Ave is a multi family located in Los Angeles, CA 90066 and is currently in escrow to be sold. This multi family property offers 11 bedrooms, 12 bathrooms, roughly 10,950 living square feet, and sits on an approximately 5,858 square foot lot. 4980 S Centinela Ave was first listed on ArdentRealEstateGroup.com on September 13, 2023. The homeowner is currently asking $5,650,000 and was originally asking $5,950,000. The median priced home in Los Angeles is $1,250,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 352% higher than the median priced home. Local competing homes currently for sale include 1100 S Corning St, 11627 Mayfield Ave and 211 S Poinsettia Pl. While the average home in Los Angeles, CA is selling in 97 days, 4980 S Centinela Ave has a days on market of 215 days. There are currently 3357 homes for sale in the Los Angeles real estate market and 2273 of them are single family homes while 993 of them are condos and 86 are townhomes. For more information on this home for sale at 4980 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 4980 S Centinela Ave

Public county record property details
Beds
12
Baths
2
Year built
2013
Sq. Ft.
7,340
Lot Size
5,858
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
214-216
APN
4221-021-044

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
$2,095,000
Median List Price/Sq.Ft.
$1,014
Median Sold Price
$1,925,000
Median Sold Price/Sq.Ft.
$1,050
Total Inventory
114
Median Sale to List Price %
104.05%
Avg Days on Market
27
Loan Type
Conventional (17.39%), FHA (0%), VA (0%), Cash (0%), Other (13.04%)

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Recently Sold Homes Near 4980 S Centinela Ave

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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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