3648 Empire Drive, Los Angeles, CA 90034
Property · 2 recorded sales since 2020
Sold September 2020
Listing Agent: Neema Ahadian (DRE #01346750) · Listing Office: Marcus & Millichap · Contact: 213-943-1800 · Bought with: Omid Saleh · Keller Williams Realty Westside · MLS #20605146 · Source: CRMLS
About this property
Built in 1965, this 4-unit property totals 5,473 SF located in West LAs Palms neighborhood, located between Palms and Venice Blvd. The building features a unit mix that includes 1 one-bedroom, 2 two-bed two-bath, and 1 three-bed two-bath apartments. This offering presents an investor the opportunity to purchase a stabilized asset with strong in-place cash-flow of 4.98%. The property features 8 tandem parking spaces.The building is separately metered gas & electric and there is no soft story work required. Furthermore, there is a community laundry room for the building with two washers & dryers. Easy commute to job and educational opportunities as the subject property is located near Downtown Culver City with easy access to Santa Monica, Venice, Marina Del Ray, and Beverlywood. North of Culver City, Palms is a small Los Angeles community with easy access to the Santa Monica (10) Freeway and the San Diego (405) Freeway, as well as the Metro E Line.
Listing description from the September 2020 sale, as reported to CRMLS.
Sale history
