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Ernie Caponera

ernie@newport-properties.com +1(714) 606-0926

$2,400,000

Est. payment - /mo

10 Beds

12 Baths

6,488 SqFt

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 6,488 sqft

Price per Sqft $369

MLS Listing ID 26712649

Bedrooms 10

HOA Y/N No

Year Built 1961

Lot Size 9,282 Sqft

Property Description

THREE PROPERTY TRUST SALE [3674 EMPIRE DR 10 UNITS, 4253 S CENTINELA AVE 6 UNITS, 11817 CULVER BLVD 7 UNITS]. 3674 Empire Drive is a well-maintained 10-unit multifamily property located in the highly desirable Palms neighborhood of Los Angeles. Built in 1961, 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

Area C13 - Palms - Mar Vista

Zoning LAR3

Interior

Heating Wall Furnace

Fireplaces Type None

Fireplace No

Laundry Common Area

Exterior

Parking Features Attached Carport, Garage, Tandem, Uncovered

Pool None

Total Parking Spaces 14

Private Pool No

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4313004029

Special Listing Condition Standard

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Listed by Jake Glaser Lyon Stahl Investment Real Estate, Inc. #02128816

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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California, 92625, USA

3674 Empire DR Los Angeles, CA 90034

Ernie Caponera

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

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3674 Empire DR