Property listed by Compass, Eric Akutagawa 310-820-0195
$1,199,000
Darling Duplex with 1 VACANT UNIT & ADU POTENTIAL OR REIMAGINE INTO A SINGLE FAMILY HOME! Here's your chance to live in 1 unit and with a 25% down payment on a 30-year fixed rate mortgage @ 6.82%, your payment is about $4525 per month including your rental income, taxes… Read More and insurance - why rent or buy a condo when you can build equity and own an appreciating asset with no HOA and CC&Rs? Don't miss this PRIME WESTSIDE single level duplex lovingly built & thoughtfully maintained by the original owners since 1949 perfect for OWNER USERS, DEVELOPERS, or INVESTORS! Set upon a 5,000 (50'x100') square foot R3-zoned TOC Tier 3 double lot with rear alley access, this is an outstanding opportunity to build an impressive multifamily investment in one of Mar Vista's most central locales close to the beach, Culver City, Venice, the Marina, Westwood, Century City, UCLA, and major freeways. Perched above street level behind lush landscaping and offering phenomenal curb appeal, each unit feels like its own private bungalow complete with gleaming Oak hardwood floors, paneled walls, in unit washer/dryers, mid-century baths, and ample patio/yard space. Updated amenities include a newer sewer line, upgraded plumbing, and regularly scheduled pest maintenance, while a shared detached 2-car garage could make a perfect ADU. Entry level income properties with 1 VACANT UNIT featuring generous building/lot sizes along with the coveted density bonus designation rarely come around, making this a special offering for anyone who wants upside potential. Vacant unit can be shown but occupied unit to be shown with an accepted offer. Read Less
Listing Snapshot
Days Online
67
Last Updated
Property Type
Other
Beds
4
Square Ft.
1,914
Lot Size
0.11 Acres
Year Built
1949
MLS Number
25549599
30 Days Snapshot Of 90066
$2.45M
-1%
(avg) sold price
26
-38%
homes sold
47
-17%
(avg) days on market
Snapshot
Area Map
Additional Details
Tenant Pays
Electricity, Gas
Appliances & Equipment
Oven, Refrigerator, Dryer, Washer
Building
Built in 1949, Building area total: 1,914, Levels: One, Living area: 1914, 1 story, 1 building, Architectural style: Traditional, Attached, Common walls: OneCommonWall
Cooling
None
Fireplaces
None
Floors
Vinyl, Wood
Garage
2 spaces
Heating
NaturalGas
Income
Gross income: $73,980, Net operating income: $47,147
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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