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31784295
31784309

4253 South Centinela Avenue, Los Angeles, CA 90066

JG
02128816
Lyon Stahl Investment Real Estate
Listed by Lyon Stahl Investment Real Estate
$1,500,000
46 days on market
Updated 11 days ago

4253 South Centinela Avenue

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,521
Units 4
Cap Rate 5.24%
NOI $78,591
Occupancy 66.67%
Price per SqFt $332
Year Built 1954
Buildings 1
Acreage 0.110
Zoning LAR3
Parking Spaces spaces
Investment Type Value Add

6-Unit Trust Sale in Del Rey | Two Vacant 2BR Units w/ 32% Upside

Marketing description

THREE PROPERTY TRUST SALE [3674 EMPIRE DR – 10 UNITS, 4253 S CENTINELA AVE – 6 UNITS, 11817 CULVER BLVD – 7 UNITS]. PROPERTY SUBJECT TO AN ACTIVE TENANT HABITABILITY LAWSUIT. The Glaser Group is pleased to present 4253 S Centinela Avenue, 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. This asset provides investors with an opportunity to add significant value through rent increases and repositioning in one of the Westside’s most sought-after rental markets.

The property encompasses approximately 4,521 square feet of living space on a 5000 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.

Investment highlights

  • 6-unit property in Del Rey built in 1954
  • Trust Sale offered to market for first time in 38 years!
  • Mix consists of (2) 2BR/1BA and (4) 1BR/1BA units
  • Both 2BR/1BA units are currently vacant
  • On-site laundry room brings in additional income
  • New roof was installed in 2025, electrical meters and subpanels upgraded in 2022, and seismic soft story retrofit completed in 2020
  • Property has two 2-car garages with rear alley access
  • 32% in potential rental upside for investors to realize over their holding period in a tight rental market
  • Strong attached ADU potential in garages off alley
  • Units each have their own separate water heater
  • Accessible to major transit routes and employment hubs in Culver City and Playa Vista
  • Strong attached ADU potential in garages off alley
  • Part of a broader 3-Property Westside Trust Sale:
    • 4253 Centinela Ave – 6 Units for $1,500,000
    • 11817 Culver Blvd – 7 Units for $1,275,000
    • 3674 Empire Dr – 10 Units for $2,400,000

Listing Contacts

JG
02128816
Lyon Stahl Investment Real Estate
Listed by Lyon Stahl Investment Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$78,591.00
$6,549.25/mo

Valuation Metrics

0
DSCR
5.24%
Cap Rate
5.24%
ROI

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