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$2,690,000
Est. payment /mo
6,749 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,749 sqft
Price per Sqft $398
MLS Listing ID CL25549265
HOA Y/N No
Year Built 1968
Lot Size 7,495 Sqft
Acres 0.17
Property Sub-Type Other
Property Description
Price Reduced! Get ready to jump on an incredible opportunity in the heart of Culver City! Family owned and managed, first time on the market in 49 years. A short distance from Sony Studios and the vibrant energy of Downtown Culver City! Your future tenants will love the easy access to hot spots like One Culver, Culver Steps, Erewhon, Amazon Studios, NFL Network, Equinox Culver City, and Ivy Station. This prime location ensures high demand and continued appreciation. Offered at a current GRM of 11.37 and cap rate of 6.19% and a pro-forma cap rate of 7.06%. This property offers an outstanding unit mix designed to attract a variety of tenants, including one spacious 3-bedroom/2-bathroom unit, four comfortable 2-bedroom/1.75-bathroom units, one 1-bedroom unit, one large Single unit with a private patio and one large office/storage room which is rented but may be delivered vacant. Tenants benefit from 11 on-site parking places and you'll enjoy supplemental income from the on-site laundry. As an added plus, four of the seven units have undergone extensive and tasteful renovations within the past several years. You will also benefit from a low expense ratio on this well maintained property which includes a high quality double layer roof with a warranty that extends to 2037. With 6,749
Location
State CA
County Los Angeles
Zoning CCR4
Interior
Fireplace No
Laundry Laundry Room
Building
New Construction No
Others
Tax ID 4208022006
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