4253 S Centinela Ave · Los Angeles, CA 90066

$1,500,000

8 bd · 6.0 ba · 4,521 sqft · MultiFamily public records · 59 Days on market

Built 1954 5,000 sqft lot $332/sqft · 15% below area Est $1775k · 15% under

---

Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +25.7/30.0
• ARV discount +14.5/15.0
• DSCR +8.6/10.0
• 1% rule +5.7/10.0
• Schools +3.6/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (5+ Unit). Listing-text estimate: 6 units. confirmed

5+ unit building — per-unit beds/baths from public records are typically unavailable; the breakdown below (if shown) is an estimate from the listing text.

Listing remarks MLS

THREE PROPERTY TRUST SALE [3674 EMPIRE DR 10 UNITS, 4253 S CENTINELA AVE 6 UNITS, 11817 CULVER BLVD 7 UNITS] PROPERTY SUBJECT TO AN ACTIVE TENANT HABITABILITY LAWSUIT. 4253 S Centinela Avenue is a well-maintained 6-unit multifamily property located in the desirable Del Rey neighborhood of Los Angeles. Built in 1954, this is a Trust Sale offered for sale for the first time in 38 years. The property encompasses approximately 4,521 square feet of living space on a 5,000 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.

Key facts

• 5,000 sq ft lot
• 2 garage spots
• Built 1954

What this means for you Summary

Snapshot

• This is a 2×2.0bd/1.0ba + 4×1.0bd/1.0ba units multifamily listed at $1.50M.

Deal economics

• At list price, monthly cash flow is $4k ($43k/yr) — positive. Per door: $598/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($16k rent vs $1.50M).
• Recommended offer: $1.46M (3.0% below list) — sets the bar for market timing.
• Cap rate 9.2% vs local median 2.1% in Los Angeles — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 68/100 on livability (#273 in CA) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, employment B; Watch: health & safety C-, schools D+, crime F.
• Los Angeles Unified (urban): math 29% / reading 54% proficiency, ranked #223 of 517 in CA (top 43%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 67% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents soft (-0.1%/yr); 159 active listings in the ZIP; 1 comparable units currently listed for rent nearby; high-income renter base; 19,697 units permitted in Los Angeles County in 2024 (9,426 in 5+ unit buildings).
• At $16,110/mo this rent would consume 169% of the median local household income ($114k/yr) (locally 3174% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $10k of loan paydown is wiped out by about $45k of value loss. Plan a longer hold.
• Los Angeles County population projected at +9% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 59 days — a 3% lower offer ($1.46M) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 2y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1954 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $1,455,000 (3.0% below list)

Questions for the listing agent

1. It's been on market 59 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1954 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.07% ✓
• Cap rate: 9.16%
• Cash-on-cash: 10.26%
• DSCR: 1.46
• GRM: 7.8

CMA / ARV

• ARV (median comp): $1,775,000
• List price: $1,500,000
• Delta: -15.49%
• Verdict: UNDERPRICED
• Comps: 17 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
12510 Washington	0.40mi	8/—	4,141 (-8%)	4mo	$1,900,000	$459	64
11817 Culver Blvd	0.57mi	7/7.0 (-1)	4,807 (+6%)	0mo	$1,298,500	$270	54

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: -4.1%
• Equity multiple: 0.85×
• Total profit: $-62,150
• Equity at exit: $223,655

10-year hold

• IRR: 2.1%
• Equity multiple: 1.13×
• Total profit: $55,753
• Equity at exit: $129,693

Cash invested: $420,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 0 Strongly Tenant-Friendly
• State California: 18 Strongly Tenant-Friendly · D+13
• County: — inherits STATE
• City Los Angeles: 0 Strongly Tenant-Friendly · D+22

LARSO + JCEO 2023; relocation for substantial remodel evictions.

Methodology + full state rankings →

ZIP-level market 90066

• Rents YoY: -0.1%
• Active inventory: 159
• Price-to-rent: 44.8×

Monthly cashflow live

• Estimated rent: $16,110 high
• Mortgage (P&I): −$7,866
• Tax from tax record: −$646 /mo · $7,751/yr
• Insurance: −$625
• HOA: −$0
• Vacancy / Maint / Mgmt: −$3,383
• Net cashflow: $3,590

Break-even live

Break-even rent $11,566

Max offer price $1,500,000

Occupancy floor 73%

6-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	2.0	1	$5,582
▸ 4× units	1.0	1	$10,528
Total (6 units)			$16,110

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $375,000
• Closing costs: $45,000
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3718 S Barrington Ave Los Angeles, CA	8.0	5.0	3221	$15,250	$4.73	24d	1	0.98mi

Listing history 18 events

1. 2026-06-18
   days on market $1,500,000 Active 59 DOM
2. 2026-06-17
   days on market $1,500,000 Active 58 DOM
3. 2026-06-16
   days on market $1,500,000 Active 57 DOM
4. 2026-06-15
   days on market $1,500,000 Active 56 DOM
5. 2026-06-13
   days on market $1,500,000 Active 54 DOM
6. 2026-06-09
   days on market $1,500,000 Active 50 DOM
7. 2026-06-08
   days on market $1,500,000 Active 49 DOM
8. 2026-06-07
   days on market $1,500,000 Active 48 DOM
9. 2026-06-04
   days on market $1,500,000 Active 45 DOM
10. 2026-06-03
    days on market $1,500,000 Active 44 DOM
11. 2026-06-02
    days on market $1,500,000 Active 43 DOM
12. 2026-06-01
    days on market $1,500,000 Active 42 DOM
13. 2026-05-31
    days on market $1,500,000 Active 41 DOM
14. 2026-04-21
    status Active 1635-char remark

    Show marketing remark (1635 chars)

    THREE PROPERTY TRUST SALE [3674 EMPIRE DR 10 UNITS, 4253 S CENTINELA AVE 6 UNITS, 11817 CULVER BLVD 7 UNITS] PROPERTY SUBJECT TO AN ACTIVE TENANT HABITABILITY LAWSUIT. 4253 S Centinela Avenue is a well-maintained 6-unit multifamily property located in the desirable Del Rey neighborhood of Los Angeles. Built in 1954, this is a Trust Sale offered for sale for the first time in 38 years. The property encompasses approximately 4,521 square feet of living space on a 5,000 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.

15. 2026-04-13
    listed $1,500,000 Active 1635-char remark

    Show marketing remark (1635 chars)

    THREE PROPERTY TRUST SALE [3674 EMPIRE DR 10 UNITS, 4253 S CENTINELA AVE 6 UNITS, 11817 CULVER BLVD 7 UNITS] PROPERTY SUBJECT TO AN ACTIVE TENANT HABITABILITY LAWSUIT. 4253 S Centinela Avenue is a well-maintained 6-unit multifamily property located in the desirable Del Rey neighborhood of Los Angeles. Built in 1954, this is a Trust Sale offered for sale for the first time in 38 years. The property encompasses approximately 4,521 square feet of living space on a 5,000 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.

16. 2025-03-29
    historical $2,500
17. 2024-10-09
    price $2,500
18. 2024-09-27
    listed $2,600

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast CA · Resets to sale price

• Current annual tax: $7,751 · $646/mo
• Projected year-2 tax: $11,400 · $950/mo
• Expected delta: +$3,649/yr (+$304/mo · 47.1%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥85°F today · 19 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 4/10 Moderate 6 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $193,320
• − Mortgage interest: −$84,023
• − Property taxes: −$7,751
• − Insurance: −$7,500
• − Repairs & maintenance: −$15,466
• − Management: −$15,466
• − Depreciation: −$43,636
• Taxable income: $19,478
• Est. tax owed @ 24.0%: −$4,675
• After-tax cash flow: $38,403/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Los Angeles Unified
• NCES district ID: 0622710
• Math proficiency: 29% ▼ -4.00%
• Reading proficiency: 54% ▲ 10.00%
• Median HH income: $50,403
• Composite: 35.67/100
• National rank: #4875
• State rank: #223 of 517 in CA

Livability — Los Angeles

• Score: 68/100
• State rank: #273
• US rank: #9237

Category grades

Amenities A+ Commute A+ Cost of living F Crime F Employment B Housing B- Health & safety C- User ratings C-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Los Angeles, CA
• County: Los Angeles County · 9,444,647 people
• City population: 3,838,149
• Metro: Los Angeles-Long Beach-Anaheim, CA
• Population (ZIP): 56,740
• Household income: $114,141
• Rent vs Own: 61.7% rent · 38.3% own
• Severe rent burden: 3174.0

Population outlook (Los Angeles County) Hauer SSP2

• Today (2025): 10,940,515 people
• By 2030: 11,256,481 · +2.9%
• By 2040: 11,729,929 · +7.2%
• By 2050: 11,948,407 · +9.2%
• By 2075: 11,818,114 · +8.0%
• By 2100: 10,842,928 · -0.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.68)
• Race & ethnicity: White 48% Hispanic / Latino 25% Asian 16% Two or more races 13% Black 5%
• Hispanic origin (detail): Mexican 18%
• Common ancestry: Italian 3% Romanian 3% Scotch-Irish 2%
• Foreign-born: 25% · Canada, China, South Korea
• Languages at home: 63% English-only · Spanish 19% Other Indo-European 4% Chinese 4%

Political lean MEDSL · Los Angeles

• 2024 margin: Solid D (+32.9) · D 64.8% · R 31.9% · Other 3.3%
• 2008→2024 swing: -7.4pp toward R · 2008: 40.4pp · 2024: 32.9pp
• All cycles: 2024: D+32.9 2020: D+44.2 2016: D+48.0 2012: D+40.0 2008: D+40.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -1200.36%
• Current HPI: 466.5309
• Rent YoY: ▼ -0.08%
• Metro: Los Angeles-Long Beach-Anaheim, CA
• State GDP YoY: ▲ 3.21%
• F500 in state: 116

Industry mix (Fortune 500 HQ in CA)

Industry	F500 HQs	Revenue
▸Technology	27	$1,492B
▸Financial Services	3	$174B
▸Retail	3	$44B
▸Insurance	3	$26B
▸Media / Entertainment	2	$115B
▸Pharmaceuticals / Biotech	2	$62B

Price history

+57592.3% since first listed

5 events — show timeline

• 2026-04-21 Relisted — TheMLS
• 2026-04-13 Listed $1,500,000 TheMLS
• 2025-03-29 Rental Removed $2,500 BUILDIUM
• 2024-10-09 Price Changed $2,500 BUILDIUM
• 2024-09-27 Listed for Rent $2,600 BUILDIUM

Property tax history

+1.7%/yr

Latest (2025): $7,751 · +1.8% YoY. Source: county tax records.