Reduced! now $1,399,999!
For rent $4,350.
Lowest priced home in Mar Vista on a lot this size with only one home on the lot.
Tenant has requested to end their lease early.
They are paying rent, $4,360.
Collect rent while planning your new home!
Prices are not going down in Mar Vista and are in fact going up.
I have owned this house for a long time.
When available, it is for sale or for rent, whichever occurs first.
Real estate went up huge (some homes 30%) in Mar Vista since the Pandemic began.
This is the least expensive house in all of Mar Vista with a lot this size not adjacent to the freeway.
Current cap rate is about 2.
7.
The only expenses are the Real Estate taxes and some insurance.
Tenant responsible for everything else.
When you add back depreciation that could raise the return to about 5%!
Pretty good while you determine what expansion or additions you would do to the house.
The address is 4354 Coolidge Ave.
, Los Angeles, CA 90066.
The house is available for sale at $1,399,999.
The owner (me) may carry the entire loan with 35% down, 7% for 2 years, interest only! Cash preferred.
The lot size is 5870, so one of the lowest priced homes with a lot this size.
With all the new laws that have passed, you may want to build a large house, plus an ADU plus a junior ADU (accessory dwelling unit).
Imagine 3 units! You may also be able to split the lot into two and build 2 units on each lot!
I would also consider a joint venture.
Call for details.
This is an adorable house.
Hardwood floors throughout.
All new floors in kitchen, bath and laundry.
New bathroom vanity and new tub.
The house is totally refreshed and refreshing.
(some photos are of old bathroom and kitchen - both look much newer and fresher!).
Some photos show the house furnished.
And this is large furniture!
And the light! This house is so very light and bright!
Large eat in kitchen with lots of windows overlooking the yard.
Large living room/dining room area, or could be great room if you eat in the kitchen.
Refrigerator, stove, washer and dryer included!
2 car garage with 4 car parking on the driveway.
Amazing yard! Huge, shade trees, huge deck overlooking yard, and huge areas to plant new gardens or work outside.
Work area in and behind the garage.
Beautiful home.
If this isn't right, I am a real estate broker with 45 years of experience and 42 years as a real estate attorney! I will find you the right house to rent or to buy!
This is probably the least expensive single family home on this big of a lot available on the market today.
Douglas Weitzman
Attorney at Law
Real Estate Broker (00614072)
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