$1,755,000
$1,799,000
2.4%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
4 Baths
3,488 SqFt
SOLD DATE : 04/15/2022
Key Details
Sold Price $1,755,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,488 sqft
Price per Sqft $503
MLS Listing ID 22118331
Sold Date 04/15/22
Bedrooms 8
Construction Status Fixer
HOA Y/N No
Year Built 1950
Lot Size 6,128 Sqft
Acres 0.1407
Property Description
Rarely offered, two neighboring four-unit buildings adjacent to the heart of fashionable Culver City being sold together or separately! The unit mix consists of four two-bedroom apartments in each property. While each unit maintains unique finishes, they each share original 1950s oak wood floors. These sister properties share a center courtyard with a mature, fruit-bearing lemon tree to complete the refreshing SoCal aesthetic. Single car garages pepper the back alley. Currently, all units are occupied; of special note is the high rental demand and 40% upside in current rents. Full of promise and potential, these R4-Zoned pair of buildings are close to the trendiest of restaurants and shopping on the Westside of L.A. while also being moments from freeway access and the Pacific Ocean. This property is a tremendous opportunity for an investor to purchase a value add asset or a developer to maximize the site. Competitive residential financing available as well.
Location
State CA
County Los Angeles
Area C28 - Culver City
Zoning CCR4YY
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Heating Floor Furnace
Cooling None
Flooring Carpet, Laminate, Tile, Wood
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Garage Garage
Pool None
Community Features Gated
View Y/N No
View None
Porch Rear Porch, Front Porch, Open, Patio
Parking Type Garage
Total Parking Spaces 4
Private Pool No
Building
Lot Description Front Yard, Rectangular Lot
Story 2
Entry Level Two
Sewer Other
Architectural Style Colonial
Level or Stories Two
New Construction No
Construction Status Fixer
Others
Senior Community No
Tax ID 4232006010
Security Features Gated Community
Financing Cash
Special Listing Condition Standard
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Bought with Maryam Majnoonian • Compass
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "