4134 Baldwin Ave Culver City, CA 90232
Sale
$1,895,000
4 Units
6 Beds
5 Baths
2,900 Area(sq.ft.)
6,752 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 1 | 1 | No | $ 983 | $ 2,500 | $ 983 |
| Unit 2 | 1 | 1 | 1 | No | $ 2,350 | $ 2,500 | $ 2,350 |
| Unit 3 | 1 | 3 | 2 | No | $ 3,750 | $ 3,750 | $ 3,750 |
| Unit 4 | 1 | 1 | 1.50 | No | $ 1,397 | $ 3,500 | $ 1,397 |
| 4 | 4 | 6 | 6 | $ 8,480 | $ 12,250 | $ 8,480 |
| MLS #: | 24-362975 |
| Days On Market: | 74 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 653 |
| Price per unit: | $ 473,750 |
| Year Built: | 1955 |
Property Details
First time on the market in 40 years. Prime Culver City location in a quiet residential neighborhood. Well maintained 4 units. Single Family Residences in the neighborhood sell for more than $1,600,000. ALL UNITS ARE CURRENTLY OCCUPIED. NO UNITS WILL BE DELIVERED VACANT. Buyer to be responsible for tenant relocation costs. The front building consists of 2 - 1 bedroom + 1 bath upstairs and 1 - 3 bedroom + 2 bath unit downstairs. There is a very charming, detached 2 level unit in the back that consists of a 1 bedroom + 1.5 bath plus office/bonus room. Upstairs is the kitchen, main living area and full bath. Downstairs there is a bedroom, den/office, half bath and laundry room. The back unit has a large porch with storage underneath. It was recently painted with new gutters. The assessor shows a total of 2,900 square feet for both structures. However, there appears to be approximately 3,900 square feet of rentable space. Buyer to confirm the total square footage. The property sits on a 6,750 square foot lot. It is individually metered for gas and electricity. The rents are below market. There is a pool between the front and back structures. Both structures were recently painted. It is located in the high demand area of Culver City - one of the most desirable locations in Los Angeles. The area is undergoing an enormous transformation with the construction of many new apartment buildings as well as major entertaining companies such as Amazon, Apple and HBO opening offices nearby. Close to the future Google campus. Minutes to Culver City's popular restaurants, bars, fitness centers and theaters. Close to the Expo Line and the 405 and 10 freeways. PROPERTY WILL SHOWN WITH AN ACCEPTED OFFER.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | Yes, 100% |
| Gross Operating Income: | $ 100,800 |
| Total Annual Expense: | $ 42,748 |
| Net Operating Income: | $ 58,052 |
| Gross Annual Income: | $ 100,800 |
| Gross Rent Multiplier: | 18.79 |
Structure
| Type of Units: | apartment |
| Buildings: | 2 |
| Levels: | Multi/Split |
Land & Parking
| Zoning: | CCR4* |
| Parking Garage: | Driveway, Tandem |
Interior
| AC/Cooling: | Other |
| Equipment: | None |
| Heating: | Other |
Exterior
| Pool: | True |
| Pool Description: | In Ground |
Detailed Map
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Income
