Terrific property located in a prime area of Culver City, one of the most coveted neighborhoods in all of Los Angeles. The building has an excellent mix of units consisting of Two- 1 Bed + 1.5 Bath Units, Eight- 2 Bed + 1 Bath Units, and Twelve- 2 Bed + 2 Bath Units. Numerous storage areas are located throughout the building which generate significant additional income. There is tremendous rental upside as many of the units are rented at well below market rates. The building is located just a short distance to employment hubs, shopping centers and restaurants in Culver City, Santa Monica, Playa Vista, and Century City. This is a rare opportunity for an investor to purchase an income property in a great Culver City location.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 36
- Full Bathrooms: 36
Heating and Cooling
- Cooling Features: Wall Unit(s)
- Heating Features: Wall
Land Info
- Lot Size Acres: 0.4280073
- Lot Size Dimensions: 122x152
- Lot Size Source: Assessor
- Lot Size Square Feet: 18644
Garage and Parking
- Garage Description: Tandem, Gated
- Parking Total: 24
Homeowners Association
- Association: No
- Calculated Total Monthly Association Fees: 0
Multi-Unit Info
- Number of Buildings: 1
- Number of Units: 22
- Unit Type: Apartments
- Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1.5, 1 SquareFeet: 4218, 2 BedsTotal: 2, 2 BathsTotal: 1, 2 SquareFeet: 18098, 3 BedsTotal: 2, 3 BathsTotal: 2, 3 SquareFeet: 29982
Other Property Info
- Source Listing Status: Active
- County: Los Angeles
- Cap Rate: 4.3
- Directions: 2 blocks east of Sepulveda Blvd. between Venice Blvd. & Washington Blvd.
- Source Property Type: Residential Income
- Area: Culver City
- Source Neighborhood: Culver City
- Parcel Number: 4213-005-015
- Zoning: CCR4YY
- Source System Name: C2C
Commercial Info
- Net Operating Income: 373423
Building and Construction
- Total Square Feet Living: 17392
- Year Built: 1963
- Levels: Three Or More Levels
- Living Area Source: Assessor
- Property Age: 62
- Levels or Stories: 3
- Year Built Source: Assessor
Home Features
- Other Equipment: Refrigerator, Range/Oven