Property listed by Kidder Mathews of California, Inc., Scott Rosenberg 310-807-0880
$3,000,000
The property is well located in the highly desirable Palms submarket of WLA, adjacent to bustling neighborhoods of Culver City, Santa Monica, etc. With trendy eateries, bars, shops, and iconic beaches just minutes away, the property benefits from a positive trend in asking rents and legendary long-term capital appreciation. The… Read More property's proximity to renowned employers such as Sony, Apple, Google, YouTube, and Tesla makes it an attractive location for young, professional renters. The property comprises 9 recorded units, with the unique advantage of being configurable into 11 units, providing flexibility and upside potential for inventors. It offers an efficient mix of studios and 1+1 units,with opportunities for additional upside from ADU conversions and renovations upon turnover. The average current rents for the units are significantly below market rates, presenting tremendous NOI upside. Read Less
Listing Snapshot
Days Online
8
Last Updated
Beds
8
Square Ft.
4,854
Lot Size
0.15 Acres
Year Built
1962
MLS Number
25507509
Additional Details
Building
Built in 1962, Living area: 4854.0, 1 building, Building faces West, 2 stories, Levels: Two
Cooling
WallWindowUnits
Income
Gross Income: $222,530, Net Operating Income: $143,683
Lot
0.149 acres, Dimensions: 50x125
Parking
11 total parking spaces, Carport, Driveway
Taxes
Parcel Number: 4313021015, Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of 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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