The property is well located in the highly desirable Palms submarket of WLA, adjacent to bustling neighborhoods of Culver City, Santa Monica, etc. With trendy eateries, bars, shops, and iconic beaches just minutes away, the property benefits from a positive trend in asking rents and legendary long-term capital appreciation. The… Read More property's proximity to renowned employers such as Sony, Apple, Google, YouTube, and Tesla makes it an attractive location for young, professional renters. The property comprises 9 recorded units, with the unique advantage of being configurable into 11 units, providing flexibility and upside potential for inventors. It offers an efficient mix of studios and 1+1 units,with opportunities for additional upside from ADU conversions and renovations upon turnover. The average current rents for the units are significantly below market rates, presenting tremendous NOI upside. Read Less
Property listed by Kidder Mathews of California, Inc., Scott Rosenberg 310-807-0880
Listing Snapshot
Days Online
85
Last Updated
Property Type
Other
Beds
8
Square Ft.
4,854
Lot Size
0.15 Acres
Year Built
1962
MLS Number
25507509
30 Days Snapshot Of 90034
$1.58M
-24%
(avg) sold price
12
+71%
homes sold
55
+25%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1962, Building area total: 4,854, Levels: Two, Living area: 4854, 2 stories, 1 building
Cooling
WallWindowUnits
Income
Gross income: $222,530, Net operating income: $143,683
Lot
0.149 acres, 6,490 square feet, Size: 6,490
Parking
11 totals parking, Carport, Driveway
Property
Zoning: LAR3
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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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