Description

12441 Gilmore Avenue is a well-maintained four-unit multifamily property ideally positioned in Del Rey, at the convergence of Mar Vista, Culver City, Marina del Rey and Venice. The property features a compelling unit mix of three spacious 3-bedroom/2-bathroom residences and one studio, complemented by seven parking spaces. Three of the four units were extensively renovated in 2022 with updated kitchens and bathrooms, stylish flooring, new windows and contemporary finishes. Significant capital improvements include a completed soft-story seismic retrofit, upgraded electrical subpanels, in-unit laundry installations, replacement windows and new steel guardrails/handrails.The location is further supported by the exceptionally strong surrounding residential market, with 90066 characterized by high home values and price-per-square-foot metrics. Combined with convenient access to Mar Vista, Culver City, Playa Vista, Marina del Rey, Venice and the beach, 12441 Gilmore offers investors a rare opportunity to acquire a substantially improved four-unit asset in one of Los Angeles' most desirable Westside rental markets. The central Westside location provides residents convenient access to some of Los Angeles' most desirable coastal neighborhoods, major employment centers, dining and retail corridors, while remaining just minutes from the beach. The property is approximately 0.6 miles from access to the Ballona Creek Trail, with Marina del Rey and Venice immediately to the west and nearby beaches approximately 34 miles away.