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Key Details
Sold Price $5,775,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 14730873
Sold Date 05/09/14
HOA Y/N No
Year Built 1987
Lot Size 0.273 Acres
Property Description
Monarch Terrace is a 16 unit apartment building well located in the West LA community of Mar Vista. This complex is a step above the ordinary and offers clean upscale Westside living. The unit mix consists of all two bedroom apartment homes with many units including fireplaces, skylights, wood - style floors, granite counters, central a/c & heat, in-unit washer/ dryers, patios or balconies and gated parking. Monarch Terrace has been professionally managed and extremely well maintained. Strong demographics in the area coupled with, new development ,low vacancy and population increase projections all provide a robust outlook for rental growth. The demand for living in the Westside continues to increase. The unit mix and upscale amenities Monarch Terrace provides perfectly suits the Westside renter profile. Contact Listing Broker for investment property offering.
Location
State CA
County Los Angeles
Area C13 - Palms - Mar Vista
Zoning LAR3
Interior
Heating Central
Cooling Central Air
Fireplace No
Exterior
Parking Features Gated
View Y/N No
Total Parking Spaces 32
Private Pool No
Others
Senior Community No
Tax ID 4236021053
Special Listing Condition Standard
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Bought with Robert Leveen • Mark Konopaske
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Rich King
Broker Associate | License ID: 01520399
Broker Associate License ID: 01520399