Charming 1920s Spanish-Style Home for Sale in Mar Vista

Now priced at $1,429,999. This is the most affordable property in Mar Vista, Los Angeles, CA 90066 on a lot of this scale, featuring only one standalone residence. The owner may provide financing with 35% down at 6% interest for 2 years, though a cash offer is preferred.

Overview

This charming 1920s Spanish-style home at 4354 Coolidge Ave. is offered for sale or lease. Currently tenant-occupied at $4,560/month with a lease ending in February, presenting an immediate income opportunity with a cap rate of approximately 2.7%. The property sits on a large 5,870 sq ft lot with significant development potential.

Features / Amenities

• Spacious Lot: 5,870 square feet, one of the largest at this price point.
• Development Potential: Potential to build a large primary residence, an ADU, and a junior ADU (three total units). Lot subdivision is also a possibility.
• Property Features: Hardwood floors throughout, newly refreshed kitchen and bathroom with new flooring and vanity, large bright rooms with exceptional natural light.
• Included Appliances: Refrigerator, stove, washer, and dryer are all included.
• Parking: Two-car garage plus driveway parking for four additional cars.
• Outdoor Space: Huge yard with shade trees, a large deck, and ample garden space. Includes a work area inside and behind the garage.
• Financials: Tenant covers all costs except property taxes and basic insurance. Owner may provide financing or entertain joint venture proposals.

Contact Information

For details, financing options, or joint venture proposals, contact:

Douglas Weitzman
Attorney at Law | Real Estate Broker (00614072)
Please call or email using the contact info provided in the original listing.