Property listed by Marcus & Millichap, Jason Tuvia 818-212-2700
$1,395,000
Two units will be delivered vacant at close of escrow - This offering includes a 4-unit building plus 1 non-conforming studio with ADU plans - giving buyers both strong in-place income and long-term value-add potential. Located just steps from the Culver City Arts District, the unit mix features two (2)… Read More one-bedrooms and two (2) studios, all of which have been fully renovated with permits, including new windows and upgraded plumbing. The roof was replaced in 2023, and each unit is separately metered for gas and electricity. On-site parking is included. The non-conforming studio in the rear will also be delivered vacant and comes with approved ADU plans, allowing the next owner to legitimize and maximize the building's income potential. Surrounded by major new developments, trendy restaurants, and everyday essentials like Whole Foods, Target, and Kaiser Permanente, this is a high-demand rental location offering immediate cash flow and long-term appreciation. Read Less
Listing Snapshot
Days Online
12
Last Updated
Property Type
Other
Beds
5
Square Ft.
2,735
Lot Size
0.13 Acres
Year Built
1940
MLS Number
25568371
30 Days Snapshot Of 90016
$1.11M
+2%
(avg) sold price
10
-33%
homes sold
64
+4%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1940, Building area total: 2,735, Levels: Two, Living area: 2735, 2 stories, 2 buildings
Income
Gross income: $123,588, Net operating income: $89,268
Lot
0.1302 acres, 5,672 square feet, Size: 5,672
Parking
Driveway
Property
Zoning: LARD1.5
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