11807 COURTLEIGH Drive, Los Angeles, CA 90066 (MLS # 19467354)

Price $3,800,000
Status Active
Beds 0
Baths 0 Bath
Home size 6,867 sqft
Lot Size 8,103 sqft
Days on Market 94
We are proud to present to market "Courtleigh 10", a 90% VACANT 10 unit multifamily investment property, composed of mostly one and two bedroom units situated on a 8,102 SF, LAR3 zoned lot, in the dynamic coastal community of Mar Vista, CA! RTI Plans will be delivered at COE to convert current studios to 1 bedroom units, and the vacant 2 bed 1 bath unit to 2 bed 2 baths. The opportunity to add value and cash flow with this investment is significant and immediate. Resulting from the dramatic rise in asking rents in recent years, the potential market rental amount for most investment properties far exceed what most tenant occupied investments actually offer in income. This asset is perfect for investors seeking a market based yield today! Once the potential market rents are in place, this investment is projected to exceed the expected GRM and CAP rate expectations for this submarket!
Property Type(s): Residential Income
Last Updated 5/17/2019 Year Built 1962
Community C12 - Marina Del Rey County Los Angeles

Additional Details

AIRSee Remarks
AREAC12 - Marina Del Rey
LOT8102 sq ft



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Listing provided by : Casey Lins CalDRE: 01902650, RE/MAX ESTATE PROPERTIES

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