4253 S Centinela Ave, Los Angeles, CA 90066

Apr 13

Written By Jake Glaser

6-Unit Trust Sale in Del Rey | Two Vacant 2BR Units w/ 32% Upside

Download Offering Memorandum

$1,500,000

$250,000/Unit

$331.79/SF

5.24% Cap Rate

11.69 GRM

Property 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
Both 2BR/1BA units are currently vacant
On-site laundry room brings in additional income
New roof was installed in 2025, electrical meters and subpanels upgraded in 2022, and seismic soft story retrofit completed in 2020
Property has two 2-car garages with rear alley access
32% in potential rental upside for investors to realize over their holding period in a tight rental market
Strong attached ADU potential in garages off alley
Units each have their own separate water heater
Accessible to major transit routes and employment hubs in Culver City and Playa Vista

The Opportunity

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.