4169 Commonwealth Ave Culver City, CA 90232
Sale
$1,895,000
2 Units
4 Beds
3 Baths
1,754 Area(sq.ft.)
5,015 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 1 | No | n/a | n/a | $ 4,300 |
| Unit 2 | 1 | 2 | 2 | No | n/a | n/a | $ 4,500 |
| 2 | 2 | 4 | 3 | $ 0 | $ 0 | $ 8,800 |
| MLS #: | 24-375273 |
| Days On Market: | 9 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 1,080 |
| Price per unit: | $ 947,500 |
| Year Built: | 1944 |
Property Details
Don't miss your opportunity to own this charming duplex nestled in a prime Culver City location, with both units delivered vacant! First time on the market in over 50 years and well worth the wait! Maximize its potential as a prime investment property, live in one unit and lease the other to offset monthly mortgage costs, or seize the possibility to add an ADU! This versatile property offers a new owner many options, opportunities, and add value possibilities. Situated in the highly sought after heart of Culver City, this presents an ideal opportunity with the front house (4169) built in 1944, exuding classic character, and the rear unit (4171), built in 2005, boasting contemporary features. Pride of ownership abounds throughout, further represented by the recent painting of both the interior and exterior of the property. The front 2 bedroom, 1 bath home, a quintessential representation of its era, welcomes you with timeless appeal. Stepping through the front door, you're greeted by a warm and inviting atmosphere, highlighted by tastefully refinished original hardwood floors and details that evoke a sense of pride of ownership. The cozy living space is bathed in natural light, creating a serene ambiance for relaxation and entertainment. The kitchen, while maintaining its vintage charm, has been thoughtfully updated with newer flooring and modern appliances, ensuring functionality without compromising its charm. Additionally, two bedrooms provide ample accommodation, while the front yard offers potential for a private outdoor retreat. The elevated single level rear unit, offers a contemporary living experience, featuring an open-concept layout with soaring vaulted ceilings that seamlessly integrate the living, dining, and kitchen areas. With two bedrooms, including an ensuite primary bedroom, two full bathrooms, and an additional outdoor grassy yard, this unit provides ample space for comfort and privacy. Both unit locations, with separate entrances, offer much privacy and no shared walls. The property provides abundant parking, including an attached oversized 2 car garage (potential ADU conversion opportunity), paved driveway, 2 car rear carport, and alley access for the rear unit allowing for separate and private living spaces. Two separate laundry hookups (washer and dryer) are found in the garage and carport, adding further separate living accommodations for the occupants of both units. Units are separately metered for electricity and gas. The potential for ADU development to maximize the space and value add to the possibilities! This duplex, in close proximity to Sony, Amazon and Apple offices; top rated Culver City Schools; Downtown Culver City; and on the same street as many newer builds and renovated properties presents a prime opportunity for upside!Interested in this Listing?
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Income Details
| Rent Control: | Yes |
| Gross Operating Income: | $ 105,600 |
| Total Annual Expense: | $ 0 |
| Net Operating Income: | $ 105,600 |
| Gross Annual Income: | $ 105,600 |
| Gross Rent Multiplier: | 17.90 |
Structure
| Type of Units: | Duplex |
| Buildings: | 1 |
| Levels: | One, Two |
| Security Features: | Carbon Monoxide Detector(s), Smoke Detector, Fire Sprinklers |
| Style: | Other |
Land & Parking
| Zoning: | CCR2YY |
| Parking Garage: | Attached, Carport Attached, Door Opener, Driveway, RV Possible, Built-In Storage, Covered Parking, Garage - 2 Car, Garage Is Attached, Uncovered |
Interior
| Cooking Appliances: | Range, Range Hood |
| AC/Cooling: | None |
| Equipment: | Garbage Disposal, Dishwasher, Ceiling Fan, Refrigerator, Range/Oven, Gas Dryer Hookup, Built-Ins |
| Heating: | Central, Floor Furnace |
| Fireplace Rooms: | Gas, Living Room |
| Interior Features: | Cathedral-Vaulted Ceilings |
| Kitchen Features: | Tile Counters |
| Laundry: | In Carport, Garage |
| Patio Features: | Porch - Front |
Exterior
| Exterior Construction: | Stucco |
| Pool: | No |
| Spa: | No |
Detailed Map
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