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4253 S Centinela Ave
Los Angeles, CA 90066
Multifamily Property For Sale
·
4 Units
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
- New roof was installed in 2025, electrical meters and subpanels upgraded in 2022, and seismic soft story retrofit completed in 2020.
- 32% potential rental upside in a tight market. Each unit has its own water heater. Part of a broader 3-Property Westside Trust Sale:
- Both 2BR/1BA units are currently vacant. On-site laundry room brings in additional income. Strong attached ADU potential in garages off alley.
- Property has two 2-car garages with rear alley access. Accessible to major transit routes and employment hubs in Culver City and Playa Vista.
- 11817 Culver Blvd – 7 Units for $1,275,000, 3674 Empire Dr – 10 Units for $2,400,000, 4253 Centinela Ave – 6 Units for $1,500,000.
Executive Summary
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.
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.
Property Facts
| Price Per Unit | $521,351 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 5.24% | Building Size | 4,521 SF |
| Gross Rent Multiplier | 11.69 | Average Occupancy | 67% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1954 |
| Property Subtype | Apartment | Parking Ratio | 0.88/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | LAR3 | ||
| Price Per Unit | $521,351 CAD |
| Sale Type | Investment |
| Cap Rate | 5.24% |
| Gross Rent Multiplier | 11.69 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 4,521 SF |
| Average Occupancy | 67% |
| No. Stories | 2 |
| Year Built | 1954 |
| Parking Ratio | 0.88/1,000 SF |
| Zoning | LAR3 |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 2,200 |
Property Taxes
| Parcel Number | 4231-017-015 | Improvements Assessment | $304,213 CAD |
| Land Assessment | $479,765 CAD | Total Assessment | $783,978 CAD |
Property Taxes
Parcel Number
4231-017-015
Land Assessment
$479,765 CAD
Improvements Assessment
$304,213 CAD
Total Assessment
$783,978 CAD
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