Log In/Sign Up
Your email has been sent.
3714 Corinth Ave 6 Unit Apartment Building $2,300,000 ($383,333/Unit) 5.21% Cap Rate Los Angeles, CA 90066
INVESTMENT HIGHLIGHTS
- Features a desirable mix of 3+2 and 2+1 units, appealing for students, young professionals, and families
- Prime location in the desirable Mar Vista neighborhood, known for its central Westside location and exceptional access to neighboring cities
- High occupancy and strong rental demand supported by steady population growth and excellent employment opportunities
- Significant upside potential with an 7.21% CAP rate at market rents and a 28% increase in NOI
- Surrounded by vibrant dining, neighborhood retail, local parks, and an active nightlife scene, making it a highly desirable residential area
EXECUTIVE SUMMARY
This classic 1950s multifamily investment opportunity is ideally positioned in the highly desirable Mar Vista neighborhood, offering investors a prime Westside asset with exceptional access to Culver City, Santa Monica, Playa Vista, and Venice. Surrounded by vibrant dining, neighborhood retail, local parks, and an active nightlife scene, the property benefits from a strong sense of community and proven rental demand driven by a robust employment base and excellent freeway and transit connectivity. The asset features a compelling unit mix of 3+2 and 2+1 units that appeal to students, young professionals, and families alike, while presenting significant value-add upside with a projected 7.21% CAP rate at market rents and a 28% increase in NOI through turnover, renovation, and continued market appreciation in one of Los Angeles’ most dynamic rental markets.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$183,156
|
$26.54
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$5,495
|
$0.80
|
| Effective Gross Income |
$177,661
|
$25.75
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$57,908
|
$8.39
|
| Net Operating Income |
$119,753
|
$17.36
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $183,156 |
| Annual Per SF | $26.54 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $5,495 |
| Annual Per SF | $0.80 |
| Effective Gross Income | |
|---|---|
| Annual | $177,661 |
| Annual Per SF | $25.75 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $57,908 |
| Annual Per SF | $8.39 |
| Net Operating Income | |
|---|---|
| Annual | $119,753 |
| Annual Per SF | $17.36 |
PROPERTY FACTS
| Price | $2,300,000 | Apartment Style | Low-Rise |
| Price Per Unit | $383,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 5.21% | Building Size | 6,900 SF |
| Gross Rent Multiplier | 12.56 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1956 |
| Property Subtype | Apartment | Parking Ratio | 0.87/1,000 SF |
| Zoning | R3, Los Angeles | ||
| Price | $2,300,000 |
| Price Per Unit | $383,333 |
| Sale Type | Investment |
| Cap Rate | 5.21% |
| Gross Rent Multiplier | 12.56 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 6,900 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1956 |
| Parking Ratio | 0.87/1,000 SF |
| Zoning | R3, Los Angeles |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Balcony
- Dishwasher
- Storage Space
- Kitchen
- Refrigerator
- Oven
- Dining Room
- Freezer
SITE AMENITIES
- Laundry Facilities
- Recycling
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | $2,143 | 1,000 |
| 3+2 | 2 | $3,345 | 1,450 |
1 1
Walk Score®
Very Walkable (76)
Bike Score®
Very Bikeable (81)
PROPERTY TAXES
| Parcel Number | 4234-003-010 | Improvements Assessment | $65,450 (2025) |
| Land Assessment | $718,535 (2025) | Total Assessment | $783,985 (2025) |
PROPERTY TAXES
Parcel Number
4234-003-010
Land Assessment
$718,535 (2025)
Improvements Assessment
$65,450 (2025)
Total Assessment
$783,985 (2025)
1 of 6
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
3714 Corinth Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.