Rare investment opportunity! Fourplex with detached garages and accessory rooms located along the western Culver City Redevelopment Corridor, surrounded by Marina del Rey, Playa Vista, Venice and Santa Monica and adjacent a residential single family neighborhood. Major developments completed and in planning along this Washington Boulevard corridor… Read More as well as the entire westside. Perfect for an investor or an owner/user. The property has many interior upgrades,is well maintained and fully occupied, and has considerable upside potential. Features include hardwood floors, new bathroom tubs, tiling and fixtures, large rooms and closets, upgraded windows, blinds, lighting and hardware throughout. Rear alley entrance to garages. New roof, fully fenced metal perimeter with gates and push button locks. Garage space available for each unit. New electric service and meters with an extra meter for a laundry room. The buildings are easy to maintain. Separate gas and electric meters for each unit. Culver City schools and Culver City Police . Upside Potential (a) Convert 2 double garages into ADU units with adjacent parking off the alley and separate entries;(b) rent upside in the units; (c) convert the accessory rooms in the rear to laundry rooms; (d) purchase the mirror image fourplex next door and combine lot square footage for future redevelopment value. May make a great exchange upleg for one or both buildings. Read Less
Property listed by RE/MAX Alliance Group, Gary Haddock 310-578-0348
Listing Snapshot
Days Online
60
Last Updated
Property Type
Other
Beds
6
Square Ft.
2,912
Lot Size
0.09 Acres
Year Built
1954
MLS Number
25547229
30 Days Snapshot Of 90066
$2.38M
-5%
(avg) sold price
34
-12%
homes sold
49
-16%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Disposal, Microwave, Oven
Building
Built in 1954, Building area total: 2,912, Levels: Two, Living area: 2912, 2 stories, 2 buildings, Architectural style: SeeRemarks
Community
Gated
Accessibility Features
Accessibility features: None
Floors
Carpet, Laminate, Wood
Garage
4 spaces
Heating
NaturalGas, WallFurnace
Income
Gross income: $105,036, Net operating income: $83,724
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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