4059 Mclaughlin Ave, Los Angeles, CA 90066

4059 Mclaughlin Ave, Los Angeles, CA 90066

Los Angeles, CA

Property Description

Built in 1984, 4059 McLaughlin Ave is trophy asset with oversized units! This is the perfect opportunity for any investor looking for a prime apartment building in one of the most sought-after neighborhoods on the Westside of Los Angeles. This 8,350 SF building boasts a spacious unit mix of (1) 2Bed+2.5Bath Townhouse, (4) 2Bed+2Bath and (4) 1Bed+1Bath units. Once units are rented for market, the property will operate at a 4.92% CAP and 13.97 GRM. All units feature large open floorplans, on site laundry as well as private patios/decks. There are plenty of garage parking spaces, as well as parking. The subject property is located in an A+ location, just minutes from Downtown Culver City and Playa Vista, making it any renters ideal location to live. Many large tech companies have made home in local neighborhoods including Apple, HBO, Google, Sony, and Facebook.

Property Features

  • Sale Price: $4,300,000
  • Area Size: 8,350 Sq. Ft.
  • Land Area: 7,678 Sq. Ft.
  • Year Built: 1984
  • Listing Date: 4/4/2023
  • Units: 9
  • Current GRM: 17.02
  • Current Cap Rate: 3.68%
  • Price Per Unit: $477,778
  • Market GRM: 13.97
  • Market Cap Rate: 4.92%
  • Current NOI: $158,170

Lyon Stahl Investment Real Estate

Keep In Touch