3744 Delmas Terrace

Los Angeles, CA 90034

$2,695,000

List Price

13

bed Beds

13

shower Baths

7,624 sqft

straighten / sqft

1984

calendar_month Built

Property Description

** OFFERS DUE MONDAY, FEBRUARY 10 @ 10:00am ** NO LA CITY RENT CONTROL. Other LA, State, County rental housing rules/regs may apply. Buyer to undertake all due diligence in that regard; Broker/Agents make no representations concerning same. Located on a cul-de-sac in Palms, this 9-unit, non-rent control multifamily property offers tenants the best of both worlds: a residential setting on a quiet street offering the conveniences of Downtown Culver City and other nearby retail centers. Key landmarks, including Culver City Hall, Sony Pictures Studios, Apple, Amazon and other top employment centers are within close proximity. Built on an approximately 7,317 square foot lot, the property consists of (4) two bedroom/two bathroom units, (1) one bedroom/one bathroom unit, and (4) studios, totaling over 7,600 square feet of living space. Depending on the unit, amenities include dens, lofts and balconies. The building also features off-street parking with space for up to 9 cars, and on-site laundry. Potential ADU conversion of garage space(s) to be researched if desired; no guarantee or representations made re same. Moments to the freeways and multiple Metro E Line stations, such as Palms and Culver City stations, providing easy light rail access to Santa Monica, Downtown Los Angeles and all points in between. Generating $214,896 a year, this property is not just a great investment -- priced at an almost 5% cap, it is a golden opportunity for your portfolio with strong upside in rents.

Listing Information

List Price $2,695,000
Status Active
MLS 25492575
Type Residential Income
Year Built 1984
Lot Size 7,317
Structure Size 7,624
DOM 8
Courtesy Of Rodeo Realty
Listing Agent Peter Maurice DRE#01129738
Co-Listing Agent Tregg Rustad DRE#01349144

Interior Features

Laundry Information
Location(s) Common Area
Total Bedroom
Bedrooms 13
Total Bathroom
Bathrooms 13
Fireplace Information
Features Living Room
Additional Information
Additional Features Loft, Utility Room

Exterior Information

Other Structures
Features Open, Patio, Rooftop
View Yes

Maps

Listing information courtesy of: Peter Maurice, Tregg Rustad, Rodeo Realty 310-623-8819. *Based on information from the Association of REALTORS/Multiple Listing as of Feb 8th, 2025 at 1:24 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.