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$ 999,000
Est. payment | /mo
4,410 SqFt
$ 999,000
Est. payment | /mo
4,410 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,410 sqft
Price per Sqft $226
MLS Listing ID CL26856833
HOA Y/N No
Year Built 1940
Lot Size 7,501 Sqft
Acres 0.1722
Property Sub-Type Other
Property Description
OUTSTANDING INVESTMENT OPPORTUNITY IN THE HEART OF LOS ANGELES' VIBRANT MID-CITY NEIGHBORHOOD! This well-maintained Art Deco property features five income-producing units totaling approximately 4,410 square feet on a 7,501 square foot lot. The unit mix consists of one spacious 4-bedroom, 2-bath residence, one 3-bedroom, 2-bath unit, and three 1-bedroom, 1-bath apartments, all currently tenant occupied. A standout feature is the private rooftop deck attached to one of the upper units, providing a desirable outdoor living space with neighborhood views. Tenants also enjoy rear on-site parking with space for up to five vehicles. Conveniently located near Venice Boulevard and the I-10 Freeway, the property offers easy access to Culver City, major employment centers, shopping, dining, and entertainment. Popular destinations including Santa Monica, Marina del Rey, Beverly Hills, and West Hollywood are all just a short drive away, making this a highly desirable location for residents. With its distinctive 1940's Art Deco architecture, versatile unit mix, prime location, and reliable rental income, this property presents an exceptional opportunity to expand your investment portfolio. UNIT 2631 does not pay rent and this will continue for the entire life of the senior occupant. Said tenancy is a condition of sale, and said rights run with the property for the duration of the occupant's life *** Rents provided are current rents being paid. All units are occupied. Do not disturb occupants. Property to be delivered fully occupied. Landlord pays water, sewer and trash expenses. Tenants pay electricity and gas expenses.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 5065009014
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Listed by Micah Hiller • Prime Rock Realty
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