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$ 1,095,000
Est. payment | /mo
6 Beds
4 Baths
2,780 SqFt
$ 1,095,000
Est. payment | /mo
6 Beds
4 Baths
2,780 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,780 sqft
Price per Sqft $393
MLS Listing ID 26105806
Bedrooms 6
HOA Y/N No
Year Built 1952
Lot Size 4,878 Sqft
Property Description
Four-unit apartment investment in Culver City with one unit delivered vacant and potential to create a fifth residence through a garage and covered-patio conversion, subject to buyer verification and City approval. Offered at $1,095,000, the property includes two 2-bedroom/1-bath apartments and two 1-bedroom/1-bath apartments, totaling approximately 2,780 building square feet, excluding garages, on a 4,877-square-foot corner lot. Built in 1952. The vacant 1-bedroom offers immediate leasing flexibility or potential owner occupancy. The three occupied units generate $4,207.18 per month. Leasing the vacant unit at the projected rent of $2,400 per month would bring scheduled income to $6,607.18 per month. Below-market rents offer longer-term income growth through lawful increases and future turnover; no turnover schedule is assumed. A conceptual approximately 1,000-square-foot, 3-bedroom/2-bath ADU with direct backyard access offers additional potential, subject to design, feasibility, permits and City approval. Located on the Westside with access to Culver City, Mar Vista, Del Rey, Venice and Playa Vista. Property is subject to Culver City rent control. All square footage, income, expenses, market rents and ADU projections are estimates to be independently verified by buyer.
Location
State CA
County Los Angeles
Area C28 - Culver City
Zoning CCC3YY
Interior
Heating Wall Furnace
Fireplace No
Appliance Refrigerator
Exterior
Parking Features None
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4233007038
Special Listing Condition Standard
Listed by Daniel Bahr CORE Commercial Real Estate, Inc. #01488504
Nearby School & Business
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