Active
$2,500,000
5 Units
8 Beds
6 Baths
2,953 Area(sq.ft.)
Lot: 9,042 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 1 | 1 | No | $ 1,791 | $ 1,791 | $ 1,791 |
| Unit 2 | 2 | 1 | 1 | No | $ 2,550 | $ 2,550 | $ 2,550 |
| Unit 3 | 3 | 2 | 1 | No | $ 1,950 | $ 1,950 | $ 1,950 |
| Unit 4 | 4 | 2 | 1 | No | $ 3,000 | $ 3,000 | $ 3,000 |
| Unit 5 | 5 | 2 | 2 | No | $ 3,250 | $ 3,250 | $ 3,250 |
| 15 | 27 | 20 | $ 40,991 | $ 40,991 | $ 40,991 |
| MLS #: | 25539125 |
| Days On Market: | 204 |
| Listing Date: | May 15, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 847 |
| Price per unit: | $ 500,000 |
| Year Built: | 1953 |
Property Details
Charming 5-Unit Bungalow Investment in Culver City Located in the sought-after Culver City/Clarkdale area, this well-maintained property is just steps from Downtown Culver City, restaurants, and Sony Studios. The property features two separate structures: The front building offers a beautifully updated one-bedroom, one-bath unit. The rear two-story building includes an updated two-bedroom, one-bath unit upstairs and a brand-new 2-bedroom, 2-bath ADU (806 sq ft) downstairs, providing an excellent additional income opportunity. Four units come with their own washer and dryer. The property is equipped with solar panels, a combination of tankless and regular water heaters, and three units have mini-split HVAC systems. Each unit is separately metered for gas and electricity. Set on a spacious 9,042 sq ft lot, this exceptional property won't last long. Don't miss out on this fantastic investment opportunity!Interested in this Listing?
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Income Details
| Rent Control: | Yes, 100% |
| Vacancy Rate: | 3% |
| Gross Operating Income: | $ 150,492 |
| Total Annual Expense: | $ 45,148 |
| Net Operating Income: | $ 105,344 |
| Gross Annual Income: | $ 150,492 |
| Gross Rent Multiplier: | 16.61 |
| Actual Gross Rent: | $ 150,492 |
Structure
| Type of Units: | 4 Plex |
| Buildings: | 2 |
| Levels: | One, Two |
| Security Features: | Carbon Monoxide Detector(s), Smoke Detector |
| Style: | California Bungalow |
| Sewer: | In Street |
| View Description: | None |
| Water: | In Street |
Land & Parking
| Zoning: | CCR4YY |
| Land Lease Type: | Fee |
| Parking Garage: | Assigned |
Interior
| Cooking Appliances: | Free Standing Gas |
| AC/Cooling: | Air Conditioning, Heat Pump(s) |
| Equipment: | Solar Panels, Garbage Disposal, Range/Oven, Gas Dryer Hookup, Dishwasher |
| Heating: | Heat Pump, Wall |
| Laundry: | In Unit, Laundry Closet Stacked |
| Laundry Equipment: | Own |
| Patio Features: | Porch - Front |
Exterior
| Exterior Construction: | Stucco |
| Pool: | No |
| Roof: | Composition, Shingle |
| Spa: | No |
Detailed Map
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