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$ 2,350,000
Est. payment | /mo
6,488 SqFt
$ 2,350,000
Est. payment | /mo
6,488 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 6,488 sqft
Price per Sqft $362
MLS Listing ID CL26712649
HOA Y/N No
Year Built 1961
Lot Size 9,282 Sqft
Acres 0.2131
Property Sub-Type Other
Property Description
THREE PROPERTY TRUST SALE [3674 EMPIRE DR 10 UNITS, 4253 S CENTINELA AVE 6 UNITS, 11817 CULVER BLVD 7 UNITS]. The Glaser Group is pleased to present 3674 Empire Drive, a well-maintained 10-unit multifamily property located in the highly desirable Palms neighborhood of Los Angeles. Built in 1961, the 10-unit property is comprised of 6 standard units plus 4 legal bachelor guest rooms per the original Certificate of Occupancy. 3674 Empire Dr is a Trust Sale being offered for the first time in 50 years. The property encompasses approximately 6,488 square feet of living space on a 9,279 SF lot and features a diverse unit mix of (4) 2BR/1.5BA, (2) 1BR/1BA units, and (4) bachelor units. One bachelor unit is 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 in 2022, and the required soft-story seismic retrofit has been completed (2019). In 2025, the entire electrical system was upgraded with Siemens equipment, including new meters, breakers and subpanels. All units are now separately metered for gas and electricity, except for the bachelors which do not have gas lines and are all-electric. Additional improvements include a partial copper repipe (per owner), replacement of the majority of windows and sliding doors, and a 100-gallon water heater. The property offers (7) tandem parking stalls accommodating up to 14 vehicles, and an on-site laundry room with one washer and dryer that generates supplemental income. The tuck-under parking 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 Palms submarket, 3674 Empire Drive benefits from strong and consistent rental demand driven by its proximity to Culver City, Santa Monica, and the greater Westside, as well as convenient access to major employment centers, retail, dining, and transportation corridors.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Wall Furnace
Fireplace No
Laundry Common Area
Building
New Construction No
Others
Tax ID 4313004029
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Listed by Jake Glaser • Lyon Stahl Investment Real Estate, Inc.
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Patrick Nagel
REALTOR® | Lic# 1760790