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$1,500,000
Est. payment /mo
8 Beds
6 Baths
4,521 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,521 sqft
Price per Sqft $331
MLS Listing ID 26712923
Bedrooms 8
HOA Y/N No
Year Built 1954
Lot Size 5,000 Sqft
Property Description
4253 S Centinela Avenue is a well-maintained 6-unit multifamily property located in the desirable Del Rey neighborhood of Los Angeles. Built in 1954, 4253 S Centinla is a Trust Sale offered for sale for the first time in 38 years. The property encompasses approximately 4,521 square feet of living space on a 5,000 SF lot and features a desirable unit mix of (2) 2BR/1BA and (4) 1BR/1BA units. Both 2BR/1BA units are currently vacant, offering immediate repositioning and leasing at market rate. Current rents remain approximately 32% below market, presenting a compelling value-add opportunity in a tight rental market. Ownership has completed numerous capital improvements in recent years. A new roof was installed (2025), and the required soft-story seismic retrofit has been completed (2020). The electrical system has also been recently updated with brand new meters and subpanels (2022). The property offers (2) two-car garages with rear alley access, and an on-site laundry room that generates supplemental income. The garage configuration also presents strong attached ADU potential (Buyer to Verify), providing an avenue for future expansion and increased cash flow. Ideally situated in the vibrant Del Rey submarket, 4253 S Centinela Avenue benefits from strong and consistent rental demand driven by its proximity to Culver City, Mar Vista, and Santa Monica, as well as convenient access to major transit routes and employment hubs in Culver City and Playa Vista.
Location
State CA
County Los Angeles
Area C12 - Marina Del Rey
Zoning LAR3
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Common Area
Exterior
Parking Features Door-Multi, Garage
Total Parking Spaces 4
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4231017015
Special Listing Condition Standard
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Listed by Jake Glaser Lyon Stahl Investment Real Estate, Inc. #02128816
Nearby Locations
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