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PRICE $1,800,000 dsIDX morgage calculator
BEDS n/a
BATHS 0
HOME SIZE 2,688 sqft
LOT SIZE 8,259 sqft

Unique single story multi-family 4 unit property on a spacious double lot consisting of 8257 SF located in prime location of McLaughlin-Culver City in Los Angeles, near Venice, Marina Del Rey, Santa Monica, LAX, Playa Vista, Century City, and Silicon Beach. This property has an ideal unit mix with two 2 bedroom/1 bath units and two 1 bedroom/1 bath units. Property contains a separate room for shared laundry facilities and two 2 car detached garages. There is additional parking in the long driveway and on the street right in front of the property for easy access to all the units. Each unit has its own address and is separately metered for Electricity and Gas. All units have wall heaters. In the back of the property there is a large common area where you can entertain and have BBQ’s with family and friends on warm California nights. Owners/Investors can rent out garages for storage or take advantage of current ADU laws to convert these to an additional unit. (Buyer to verify - Note: ADU Site Plan is included in the Supplements). Zoned RMD allows you to take advantage of the huge lot enabling plenty of room to expand and build up to 5 units on this property (buyer to verify). With excellent upside potential in rents, this offering presents an excellent value-add opportunity in a sought-after coastal market ideal for investors or developers. Three units have tenants and one of the 2 bedroom units is vacant. The building has a history of very low vacancy, and is well-cared for. This property allows investors the perfect opportunity to expand and increase their income in this strong rental market with an affluent tenant base or simply start collecting rental income on day 1. Top Rated K-12 Culver City school district. This location is in close proximity to flourishing Los Angeles employers of Silicon Beach and Downtown Culver City, such as Apple (1.8 miles), Amazon (2.1 miles), Sony Studios (1.4 miles) and Google (4.2 miles). Also nearby is the NFL Network (.7 miles), Metro E line (Expo), Retail Shopping, plenty of Restaurants & Entertainment, Parks and Beaches. Easy access to the 405 and 10 freeways. Excellent walk Score of 74 (very walkable) and Transit Score of 50. The Expo Line runs through Mar Vista which connects Santa Monica to Downtown LA. Pro-forma Cap Rate is 4.64% and Pro-forma Gross Margin is 15.3%. Note: Property is sold as-is. No repairs or credits will be provided.

DAYS ON MARKET 26 LAST UPDATED 6/21/2022
YEAR BUILT 1949 COMMUNITY Culver City
GARAGE SPACES 4.0 COUNTY Los Angeles
STATUS Pending PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AIR None
APPLIANCES Dryer, Gas Cooktop, Gas Oven, Microwave, Washer, Water Heater
AREA Culver City
GARAGE Direct Access, Driveway Level, Garage, Yes
HEAT Wall Furnace
HOA DUES 0
INTERIOR All Bedrooms Down, Ceiling Fan(s), Granite Counters, Tile Counters
LOT 8257 sq ft
LOT DESCRIPTION 0-1 Unit/Acre, Front Yard, Landscaped, Lawn, Level, Near Public Transit, Paved, Sprinkler System, Street Level
PARKING Direct Access,Driveway Level,Garage
POOL DESCRIPTION None
SEWER Public Sewer
STORIES 1
STYLE Traditional
UTILITIES Cable Available,Electricity Connected,Natural Gas Connected,Water Connected, Electric: Electricity - On Property
VIEW Yes
VIEW DESCRIPTION Neighborhood
WATER Public
ZONING CCR4YY
MORTGAGE CALCULATOR
   

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Listing provided by : MARIA CHARCA CalDRE: 02045315 | 626 422-0492, CENTURY 21 CITRUS REALTY INC

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 7/5/22 5:48 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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