Los Angeles, CA 90066 3996 Wade Street

3996 Wade Street Los Angeles, CA - Image 13996 Wade Street Los Angeles, CA - Image 23996 Wade Street Los Angeles, CA - Image 3
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3996 Wade Street Los Angeles, CA - Image 43996 Wade Street Los Angeles, CA - Image 53996 Wade Street Los Angeles, CA - Image 6
  • MLS# PW21260863
  • 12/07/2021
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Presented By: Steven Bogoyevac with Steven M. Bogoyevac, Broker - 562-257-1231
  • Beds • 20
  • Baths • 18
  • SQFT • 11,008
  • Garage • 4
  • Year Built • 1958

Home Details

Portfolio sale of 3996 Wade Street and 12629 Washington Street in Los Angeles, California. The buildings offer a combined 14 units on two contiguous parcels and over 66 percent potential upside in rents in a strong rental area: the properties are located on the border of the Mar Vista and Culver-West neighborhoods, and just two miles directly up the street from the Venice Pier. 3996 Wade Street is a 1958 construction two-story building on a corner lot with a mix of eight one-bedroom/one-bath units and two two-bedroom/one-bath units. The building also offers 10 tuck-under parking spaces and five additional tandem surface spaces. Next door, 12629 Washington Place is a 1956 construction two-story fourplex with all two-bedroom/two-bath units with spacious floorplans that average over 1,000 square feet. The building also features four single-car garages and a second-floor deck above the garages. Both assets present major value-add opportunities: current rents at 3996 Wade Street are 64 percent below market, and current rents at 12629 Washington Place are 72 percent below market. There is strong preference to sell these properties together, however the assets may be acquired separately contingent upon the simultaneous sale of the other.
Presented By: Steven Bogoyevac with Steven M. Bogoyevac, Broker - 562-257-1231

Interior Features for 3996 Wade Street

Other Interior Features

Common WallsNo Common Walls
Laundry FeaturesNone

General for 3996 Wade Street

Additional Parcels Description4235006011
Additional Parcels Y/NYes
Carport Spaces10
Carport Y/NYes
Co-Listing AgentDavid O'Keefe - BRE#01928739
Co-Listing Agent State License #01928739
Community FeaturesUrban
Garage Spaces4
Garage Y/NYes
Land Lease Y/NNo
Listing AgentSteven Bogoyevac - BRE#01332755
Listing Agent State License01332755
Lot Size Square Feet12336
MLS AreaC13 - Palms - Mar Vista
Open Parking Spaces5
Pool FeaturesNone
Private PoolNo
Property Attached Y/NNo
Property TypeResidential Income
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
TermsCash, Cash to New Loan
Total Units14
Water Sewer Expense0

Exterior for 3996 Wade Street

Lot FeaturesCorner Lot
Lot Size Acres0.28
Lot Size Area12336
Lot Size SourceAssessor
Lot Size UnitsSquare Feet
Number of Buildings2
Number of Separate Electric Meters14
Number of Separate Gas Meters14
Number of Separate Water Meters0
Total Parking19
Water SourcePublic

Additional Details

Price History

Stephen Pliaconis

Pliaconis Realty Group REALTOR® DRE 02015480
Price $5,500,000
List Date 12/07/2021
Property Type Income
Phone 310.658.1749
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