$5,670,000
$5,975,000
5.1%For more information regarding the value of a property, please contact us for a free consultation.
9,154 SqFt
SOLD DATE : 10/17/2022
Key Details
Sold Price $5,670,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 9,154 sqft
Price per Sqft $619
MLS Listing ID PW22128238
Sold Date 10/17/22
Construction Status Turnkey
HOA Y/N No
Year Built 2022
Lot Size 8,498 Sqft
Acres 0.1951
Property Description
NEW CONSTRUCTION SILICON BEACH EIGHT UNIT. SEVEN OF EIGHT UNITS LEASED AND SELLER TO DELIVER OCCUPIED.
We are pleased to offer a new construction, fully warrantied, eight townhome community in Culver City.
This location hits many high points: Located west of the 405, it is two miles south of Downtown Culver City, Culver City Steps, And Ivy Station which houses Amazon Studios, Sony Pictures, and HBO, to name a few. Moving southwest one mile from the property is Playa Vista and Del Rey. Close proximity to LAX, freeways, and the ocean further strengthen the location. You couldn’t find a property better situated in the mix of Silicon Beach and surrounding attractions.
All units just received CofO and utilities, currently seven of the eight units are leased. Due to the high demand of quality housing in this market lease-up is yielding strong results, providing the new owner with gross rents of $383,700 annually. The units are generously sized with open floor plans, private laundry, high-end finishes and two parking spots each.
Each unit is equipped with separate meters for water, gas and electricity. Energy efficient building materials, landscape, water reclamation systems, appliances and fixtures present the new owner with a fully warrantied, low maintenance, green certified, environmentally friendly property.
This rare asset is sure to impress even the most discerning investors with such a unique opportunity to acquire a new construction in this exclusive market.
Location
State CA
County Los Angeles
Area C28 - Culver City
Zoning LAR3
Rooms
Ensuite Laundry Laundry Closet, Laundry Room
Interior
Interior Features Balcony, High Ceilings, Recessed Lighting
Laundry Location Laundry Closet,Laundry Room
Heating Central, High Efficiency
Cooling Central Air, ENERGYSTARQualifiedEquipment, High Efficiency
Flooring Laminate
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Freezer, Disposal, Gas Oven, Gas Range, Microwave, Refrigerator, Water Heater
Laundry Laundry Closet, Laundry Room
Exterior
Exterior Feature Lighting
Garage Assigned, Garage, Uncovered
Garage Spaces 8.0
Garage Description 8.0
Fence Stone, Wrought Iron
Pool None
Community Features Urban
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N Yes
View Neighborhood
Roof Type Composition
Parking Type Assigned, Garage, Uncovered
Total Parking Spaces 16
Private Pool No
Building
Story 3
Entry Level Three Or More
Foundation Slab
Sewer Public Sewer
Water Private
Architectural Style Mid-Century Modern
Level or Stories Three Or More
New Construction Yes
Construction Status Turnkey
Others
Senior Community No
Tax ID 4217027002
Security Features Security Gate
Acceptable Financing Submit
Listing Terms Submit
Financing Cash
Special Listing Condition Standard
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Bought with Jeremiah Vancans • Compass
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "