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Mar Vista Duplex with 1 Unit Vacant! 3630 Beethoven St

2 Unit Apartment Building $3,025,000 ($1,512,500/Unit) 5.25% Cap Rate Los Angeles, CA 90066

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Investment Highlights

2021 Construction Duplex built by Thomas James Homes!
Highly Desirable Mar Vista Location!

Perfect Owner-User Opportunity with One Unit Vacant!

Executive Summary

Immediate owner user opportunity with one unit to be delivered vacant! 2021 construction modern style duplex in located in the heart of Mar Vista in West LA! Built by TJH, thie duplex features two 3 bedroom / 2.5 bathroom townhome units! This opportunity is perfect for a seasoned investor to acquire in one of the best locations in all of LA. The units offer top of the line finishes throughout and there was no stone unturned during construction. Throughout units, you will find wide plank vinyl flooring, recessed lighting, polished chrome plumbing, white shaker cabinets and white quartz countertops. The kitchen features brand new stainless steel appliances, including a Bertazzoni gas range and Frigidaire refrigerator, dishwasher and microwave. Each unit includes a 2 car garage and 1 outdoor space as well as in-unit laundry. The property includes solar panels that are owned and fully paid off by the developer. Tenants pay all utilities! Mar Vista is a very popular destination for renters as its in close proximity to Brentwood, Santa Monica, Venice, Playa Vista and the South Bay!

3630-3632 Beethoven

Financial Summary (Actual - 2023)	Annual	Annual Per SF
Gross Rental Income	$206,280	$53.44
Other Income	-	-
Vacancy Loss	$4,126	$1.07
Effective Gross Income	$202,154	$52.37
Taxes	-	-
Operating Expenses	-	-
Total Expenses	$43,460	$11.26
Net Operating Income	$158,694	$41.11

Financial Summary (Actual - 2023)

Gross Rental Income
Annual	$206,280
Annual Per SF	$53.44

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	$4,126
Annual Per SF	$1.07

Effective Gross Income
Annual	$202,154
Annual Per SF	$52.37

Taxes
Annual	-
Annual Per SF	-

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	$43,460
Annual Per SF	$11.26

Net Operating Income
Annual	$158,694
Annual Per SF	$41.11

Property Facts

Price	$3,025,000	Apartment Style	Townhome
Price Per Unit	$1,512,500	Lot Size	0.13 AC
Sale Type	Investment	Building Size	3,860 SF
Cap Rate	5.25%	Average Occupancy	50%
Gross Rent Multiplier	14.66	No. Stories	2
No. Units	2	Year Built	2021
Property Type	Multifamily	Parking Ratio	1.55/1,000 SF
Property Subtype	Apartment

Price	$3,025,000
Price Per Unit	$1,512,500
Sale Type	Investment
Cap Rate	5.25%
Gross Rent Multiplier	14.66
No. Units	2
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Townhome
Lot Size	0.13 AC
Building Size	3,860 SF
Average Occupancy	50%
No. Stories	2
Year Built	2021
Parking Ratio	1.55/1,000 SF