Active
$1,950,000
4 Units
6 Beds
4 Baths
2,912 Area(sq.ft.)
Lot: 4,105 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 1 | No | $ 2,048 | $ 2,048 | $ 2,800 |
| Unit 2 | 1 | 2 | 1 | No | $ 2,800 | $ 2,800 | $ 2,800 |
| Unit 3 | 1 | 1 | 1 | No | $ 2,200 | $ 2,200 | $ 2,200 |
| Unit 4 | 1 | 1 | 1 | No | $ 1,706 | $ 1,706 | $ 2,200 |
| 4 | 6 | 4 | $ 8,754 | $ 8,754 | $ 10,000 |
| MLS #: | 25547229 |
| Days On Market: | 185 |
| Listing Date: | June 4, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 670 |
| Price per unit: | $ 487,500 |
| Year Built: | 1954 |
Property Details
Rare investment opportunity! Fourplex with detached garages and accessory rooms located along the western Culver City Redevelopment Corridor, surrounded by Marina del Rey, Playa Vista, Venice and Santa Monica and adjacent a residential single family neighborhood. Major developments completed and in planning along this Washington Boulevard corridor as well as the entire westside. Perfect for an investor or an owner/user. The property has many interior upgrades,is well maintained and fully occupied, and has considerable upside potential. Features include hardwood floors, new bathroom tubs, tiling and fixtures, large rooms and closets, upgraded windows, blinds, lighting and hardware throughout. Rear alley entrance to garages. New roof, fully fenced metal perimeter with gates and push button locks. Garage space available for each unit. New electric service and meters with an extra meter for a laundry room. The buildings are easy to maintain. Separate gas and electric meters for each unit. Culver City schools and Culver City Police . Upside Potential (a) Convert 2 double garages into ADU units with adjacent parking off the alley and separate entries;(b) rent upside in the units; (c) convert the accessory rooms in the rear to laundry rooms; (d) purchase the mirror image fourplex next door and combine lot square footage for future redevelopment value. May make a great exchange upleg for one or both buildings.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | Yes |
| Gross Operating Income: | $ 105,036 |
| Total Annual Expense: | $ 21,312 |
| Net Operating Income: | $ 83,724 |
| Gross Annual Income: | $ 105,036 |
| Cap Rate: | 4.3% |
| Gross Rent Multiplier: | 18.50 |
| Actual Gross Rent: | $ 105,036 |
| Actual Gross Income: | $ 105,036 |
| Actual Rent Total: | $ 105,036 |
Structure
| Type of Units: | apartment |
| Buildings: | 2 |
| Levels: | Two |
| Security Features: | Carbon Monoxide Detector(s), Card/Code Access, Exterior Security Lights, Fire and Smoke Detection System, Fire Rated Drywall, Gated, Leased, Smoke Detector |
| Style: | Other |
| Sewer: | In Street, In Connected and Paid |
| View Description: | None |
| Water: | Public, Meter on Property |
Land & Parking
| Zoning: | CCC3YY |
| Parking Garage: | Garage - 2 Car, Garage Is Detached |
Interior
| Cooking Appliances: | Microwave, Oven, Free Standing Gas |
| AC/Cooling: | Ceiling Fan |
| Equipment: | Ceiling Fan, Garbage Disposal, Hood Fan |
| Heating: | Wall, Natural Gas |
| Interior Features: | Drywall Walls |
| Kitchen Features: | Quartz Counters, Remodeled |
| Laundry: | Laundry Area |
| Patio Features: | None |
Exterior
| Exterior Construction: | Hard Coat |
| Pool: | No |
| Roof: | Composition, Shingle |
| Spa: | No |
Detailed Map
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