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4852 S Centinela Ave 2 Unit Apartment Building Offered at $1,385,000 at a 5.06% Cap Rate Los Angeles, CA 90066



Investment Highlights
- Two units delivered vacant
- Three off-street parking spaces
- In-unit laundry
- Separate entrances
- Stainless steel appliances
- Ecobee thermostats & keypad entry locks
Executive Summary
Delivered vacant and ideal for owner-users and investors alike, this exceptional Del Rey duplex presents a rare opportunity to own a versatile income-producing property in one of West LA's most desirable neighborhoods. Situated on a prominent corner lot just moments from popular dining, shopping, and entertainment destinations, the property combines modern updates, flexibility, and long-term investment potential.
The front residence features 2 bedrooms and 2 bathrooms, thoughtfully renovated with an open-concept layout, wood flooring, abundant natural light, and a clean, contemporary aesthetic. The spacious kitchen is equipped with stainless steel appliances, a gas range, dishwasher, and generous cabinetry, while the adjoining dining area creates an effortless flow for everyday living and entertaining. Both bedrooms offer ample closet space, and modern conveniences include central heat and air conditioning, in-unit laundry, and dual entry access. Outside, a private patio surrounded by mature hedging and a hot tub creates an inviting setting for relaxation or entertaining.
The rear 1-bedroom, 1-bathroom residence offers the same thoughtful level of comfort and functionality, complete with stainless steel appliances, central heat and air, its own washer and dryer, and a well-designed floor plan suited to a variety of living arrangements. Additional amenities include three off-street parking spaces, tankless water heaters, custom window treatments, recessed lighting throughout, Ecobee smart thermostats, smart locks, Ethernet wiring, and security camera infrastructure.
Whether you're looking to live in one unit and lease the other, accommodate extended family, or add a turnkey asset to your portfolio, this Del Rey duplex offers the ideal combination of location, flexibility, and income potential.
The front residence features 2 bedrooms and 2 bathrooms, thoughtfully renovated with an open-concept layout, wood flooring, abundant natural light, and a clean, contemporary aesthetic. The spacious kitchen is equipped with stainless steel appliances, a gas range, dishwasher, and generous cabinetry, while the adjoining dining area creates an effortless flow for everyday living and entertaining. Both bedrooms offer ample closet space, and modern conveniences include central heat and air conditioning, in-unit laundry, and dual entry access. Outside, a private patio surrounded by mature hedging and a hot tub creates an inviting setting for relaxation or entertaining.
The rear 1-bedroom, 1-bathroom residence offers the same thoughtful level of comfort and functionality, complete with stainless steel appliances, central heat and air, its own washer and dryer, and a well-designed floor plan suited to a variety of living arrangements. Additional amenities include three off-street parking spaces, tankless water heaters, custom window treatments, recessed lighting throughout, Ecobee smart thermostats, smart locks, Ethernet wiring, and security camera infrastructure.
Whether you're looking to live in one unit and lease the other, accommodate extended family, or add a turnkey asset to your portfolio, this Del Rey duplex offers the ideal combination of location, flexibility, and income potential.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,000
|
$70.51
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,000
|
$70.51
|
| Taxes |
$17,313
|
$12.33
|
| Operating Expenses |
$11,630
|
$8.28
|
| Total Expenses |
$28,943
|
$20.61
|
| Net Operating Income |
$70,057
|
$49.90
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $99,000 |
| Annual Per SF | $70.51 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,000 |
| Annual Per SF | $70.51 |
| Taxes | |
|---|---|
| Annual | $17,313 |
| Annual Per SF | $12.33 |
| Operating Expenses | |
|---|---|
| Annual | $11,630 |
| Annual Per SF | $8.28 |
| Total Expenses | |
|---|---|
| Annual | $28,943 |
| Annual Per SF | $20.61 |
| Net Operating Income | |
|---|---|
| Annual | $70,057 |
| Annual Per SF | $49.90 |
Property Facts
| Price | $1,385,000 | Apartment Style | Low-Rise |
| Price Per Unit | $692,500 | Lot Size | 0.07 AC |
| Sale Type | Investment | Building Size | 1,404 SF |
| Cap Rate | 5.06% | Average Occupancy | 0% |
| Gross Rent Multiplier | 13.1 | No. Stories | 1 |
| No. Units | 2 | Year Built | 1953 |
| Property Type | Multifamily | ||
| Zoning | LAR3 | ||
| Price | $1,385,000 |
| Price Per Unit | $692,500 |
| Sale Type | Investment |
| Cap Rate | 5.06% |
| Gross Rent Multiplier | 13.1 |
| No. Units | 2 |
| Property Type | Multifamily |
| Apartment Style | Low-Rise |
| Lot Size | 0.07 AC |
| Building Size | 1,404 SF |
| Average Occupancy | 0% |
| No. Stories | 1 |
| Year Built | 1953 |
| Zoning | LAR3 |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Eat-in Kitchen
- Kitchen
- Hardwood Floors
- Ice Maker
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Breakfast Nook
- Freezer
- Large Bedrooms
Site Amenities
- Fenced Lot
- Laundry Facilities
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 2 | $4,125 | 573 - 831 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Some public transit
50/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 4221-019-001 | Total Assessment | $1,331,712 (2025) |
| Land Assessment | $1,019,592 (2025) | Annual Taxes | $17,313 ($12.33/SF) |
| Improvements Assessment | $312,120 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
4221-019-001
Land Assessment
$1,019,592 (2025)
Improvements Assessment
$312,120 (2025)
Total Assessment
$1,331,712 (2025)
Annual Taxes
$17,313 ($12.33/SF)
Tax Year
2026
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4852 S Centinela Ave
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