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$22,700,000
19 Days Online

3775 Beethoven Street
Los Angeles, CA 90066

For Sale|Multi-Family|Active
County:
Los Angeles
Listed by Nancy Bush of Lyon Stahl Investment Real Estate, Inc. ?
Call Now: (619) 353-5888
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Beethoven Garden Apartments is an exceptional multifamily property that offers an investor immediate value-add upside with substantial future growth. This well-maintained, 3-story, 42-unit property was built in 1989 and is NOT subject to LA City rent control. It is only subject to statewide rent control (AB 1482), which allows an investor the ability to increase rents annually by 5%+CPI for a maximum of 10%. The current CAP Rate is 3.61%, with the capacity to immediately increase a majority of the rent rates by 8.8% for a CAP Rate of 3.95%. There is a further upside should an investor make additional improvements. Beethoven Garden Apartments features an fantastic unit mix. All of the 42 units are sizable two-bedroom, two-bathroom style averaging +/-1,000 square feet. The unit layouts provide for maximum privacy, with a central living room and kitchen separating the bedrooms and bathrooms. The in-unit amenities include gas burning fireplaces, dishwashers, ceiling fans, mirrored closets, central HVAC systems, and private balconies. The community amenities include a central courtyard equipped with a Cabana and BBQ area, an elevator, two laundry facilities, video monitoring, gated entry with intercom and controlled access subterranean garage with 84 parking spaces. Beethoven Garden Apartments is located on a peaceful residential street, west of Centinela Ave. and north of Venice Blvd. This perfect Westside Location is within walking distance to shops, dining, transportation and just minutes to Marina Del Rey, Venice Beach and Santa Monica Pier. Mar Vista, is one of the most upcoming and trendy areas on the Westside. Its preferred location is near major employers and the tech hub of Silicon Beach with notable companies such as Google, Hulu, YouTube, Snap Inc., etc. Beethoven Garden Apartments has a Walk Score of 88/100 (Very Walkable) and a Bike Score of 82/100 (Very Bikeable) It is also within walking distance of Beethoven Elementary, Mark Twain Middle School, and Venice High School. Local transportation options include the MTA Expo Line, the Big Blue Bus line and close access to the 405, 10 and 90 Freeways and Pacific Coast Highway. In summary, Beethoven Garden Apartments located in Mar Vista, one of the most sought-after Westside coastal submarkets of Los Angeles, offers an investor the opportunity to acquire an ideally located, very desirable multifamily community with immediate upside.

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Listing Snapshot
Price 
$22,700,000
Days Online 
19 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.7714 Acres
Year Built 
1752
MLS® Number 
SB24112650
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 weeks agoListing updated with changes from the MLS®
3 weeks agoListing first seen online
General Features
Stories 
3 Story
Interior Features
Cooling 
Central Forced Air
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Exterior Features
Pool 
N/K
Siding 
Stucco
Community Features
Spa 
N/K
Security Features 
Automatic GateGated Community
Listed by Nancy Bush of Lyon Stahl Investment Real Estate, Inc. ?



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Data last update at 2024

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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