3424 & 3426 S Centinela Avenue represents a unique and highly lucrative opportunity for a multitude of real estate investors. Situated in the heart of Mar Vista on LA's perennially popular Westside, 3424 & 3426 S Centinela comprises a nearly 20,000 square foot lot with dramatic ocean views. Improvements consist of a 9-unit apartment building built in 1958 and a single family home originally built in 1952 but extensively expanded and reimagined in 1990. The property offers a fantastic platform for an owner/user, but the large 5-bedroom house opens up possibilities for co-living, student housing, or even a lot split that would allow the house to be sold off separately. Both lots on either side of the subject property retain their original split lot lines with single family homes on separate rear parcels, so the precedent exists to potentially split this lot once again. The 9-unit apartment building features a fantastic unit mix of bachelor, 1, 2, and 3-bedroom units, some with ocean views. The rear house features 5 bedrooms, 4 bathrooms, and over 3,000 square feet of living area. The house has extraordinary ocean views along with central heat and air, laundry, a fireplace, multiple garages, and a spacious backyard. Similarly sized houses in the area are listed for lease at well over $10,000 per month, creating massive cash flow potential. 3424 & 3426 S Centinela presents the astute and forward-thinking investor with an extremely well-located multi-family asset featuring an assortment of opportunities each with a very high upside potential. There is also the possibility to build up to 5 ADUs by taking advantage of the zoning and large lot size.
This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.
