Description
This is an amazing opportunity to acquire an income producing 2 Single Family Residences and 1 ADU. In the heart of Culver City. Two of the three units are near completion. The third and back unit (SFR) will need to be constructed. The plans are RTI now. Cap rate of the finished product will be between 5.19-6. The architectural/structural plans and cash flow analysis are available upon request. Unit 1: 2 bed, 2 bath, approximately 1,153 sq ft. Unit 2: 1 bed, 1 bath, approximately 586 sq ft. Unit 3: 3 beds, 2.5 bath with attached 2 car garage and 2 carports, approximately 1,439 sq ft (to be constructed). The new owners can capitalize on high rental demand for the area. The tenants can enjoy the property's location as it's walking distance to Downtown Culver City and close proximity to the freeways, downtown LA, beach communities and studios including Amazon, Sony and HBO. Culver City has lots of recent, on-going and planned developments including but not limited to the Ivy Station, The Culver Steps, Culver Public Market Hall and the Media Park Revitalization and Conceptual Plan Development. This property is perfect for a first time home buyer to live in one of the units, rent out the other two units to help with the mortgage or for an investor who's looking for passive income.
Location
Similar Listings
MLS# 190052903
ACTIVE
$650,000,000
Listing Agent: Miguel Bush
Courtesy of: United Real Estate San Diego
MLS# 22151323
ACTIVE
$225,000,000
16 Beds
22 Baths
Listing Agent: Kurt Rappaport
Courtesy of: Westside Estate Agency Inc.
MLS# 23231909
ACTIVE
$155,000,000
14 Beds
46 Baths
Listing Agent: Drew Fenton
Courtesy of: Carolwood Estates
MLS# 22166189
ACTIVE
$150,000,000
9 Beds
14 Baths
Listing Agent: Aaron Kirman
Courtesy of: AKGRE Inc
MLS# 22216345
ACTIVE
$139,000,000
12 Beds
17 Baths
Courtesy of: The Beverly Hills Estates
MLS# ML81893105
ACTIVE
$125,000,000
34 Beds
26 Baths
Listing Agent: Helen Miller
Courtesy of: Compass
MLS# 22151423
ACTIVE
$98,500,000
6 Beds
7 Baths
Listing Agent: David Kramer
Courtesy of: Hilton & Hyland
MLS# 220012834SD
ACTIVE
$98,500,000
6 Beds
7 Baths
Listing Agent: Patricia Kramer
Courtesy of: Pacific Sotheby's Int'l Realty
MLS# 21101899
ACTIVE
$87,000,000
8 Beds
14 Baths
Listing Agent: Aaron Kirman
Courtesy of: AKGRE Inc
MLS# 22163315
ACTIVE
$85,000,000
12 Beds
24 Baths
Listing Agent: Ginger Glass
Courtesy of: Compass
MLS# 21791862
ACTIVE
$85,000,000
11 Beds
19 Baths
Listing Agent: Fred Bernstein
Courtesy of: Westside Estate Agency Inc.
MLS# 22221247
ACTIVE
$79,500,000
12 Beds
20 Baths
Listing Agent: Carl Gambino
Courtesy of: Compass
No similar listings found
Unfortunately, we don't have any similar listings at the moment. Please remove or change some of the selected filters.
Listing Agent: Ruth Elia Courtesy of: AKGRE Inc The real estate listing information is provided by California Regional MLS, Inc. and/or CARETS® for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing or leasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS, Inc. and/or CARETS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site. Information is deemed reliable but not guaranteed, and consumer is responsible for verifying the accuracy of all information. Copyright © California Regional MLS, Inc. and/or CARETS®. All Rights Reserved. Updated: 31st January, 2023 3:25 AM (UTC)
