3653 Overland Avenue

Property Overview

Rare opportunity to acquire a 14-unit multifamily property in the highly desirable Palms neighborhood of West Los Angeles, offering an attractive 6.12% current cap rate, substantial rent upside, three currently vacant units, and completed major compliance improvements. Built in 1957, the approximately 5,480-square-foot building is situated on a 5,756-square-foot LAR4 lot and features an efficient unit mix of ten 1-bedroom/1-bath units and four studio units, along with five on-site parking spaces.At an asking price property is offered at an attractive basis of approximately $185,714 per unit and a 6.12% current cap rate. Ownership currently holding off market 3 vacant units to all buyer to create increase income. Located in Palms, one of the Westside's most established rental neighborhoods, positioned between Culver City, Mar Vista, Cheviot Hills, and West Los Angeles. Residents benefit from convenient access to Culver City, Century City, Westwood/UCLA, Santa Monica, Playa Vista, the Metro E Line, I-10 and I-405 freeways, as well as major media, entertainment and technology employment centers throughout the Westside.

Home Details

Property type: Residential Income
Year built: 1957
Living area: 5,480 sq ft
Lot size: 5,756 sq ft
Parking: 5 spaces
Stories: 3
Days on market: 0
MLS status: Active
Zoning: LAR4

Features & Amenities

Appliances

Disposal
Refrigerator

Parking

Attached Carport
Assigned

Pool

None

Security

Carbon Monoxide Detectors
Smoke Detectors

Community, Schools & Utilities

Utilities

Heating: WallFurnace
Cooling: None
Sewer: Other

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Location & Neighborhood

Los Angeles, CA 90034

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Frequently Asked Questions About 3653 Overland Avenue

Property type: Residential Income

The current asking price is $2,600,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.

Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 3653 Overland Avenue. Our team will confirm availability and timing.

This 10 bedrooms and 14 bathrooms property offers approximately 5,480 square feet of living space. It was built in 1957. Review the listing details and disclosures, then independently verify material features before making a decision.

The property is in Los Angeles, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.

Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Los Angeles property.

The MLS currently reports the property as Active. It has been listed for 0 days. Status can change, so verify availability before relying on it.