5304 Kinston Ave Culver City, CA 90230
Sale
$2,195,000
4 Units
8 Beds
4 Baths
3,160 Area(sq.ft.)
9,486 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 1 | No | $ 2,750 | $ 2,750 | $ 2,750 |
| Unit 2 | 1 | 2 | 1 | No | $ 1,837 | $ 1,837 | $ 2,750 |
| Unit 3 | 1 | 2 | 1 | No | $ 1,839 | $ 1,839 | $ 2,750 |
| Unit 4 | 1 | 2 | 1 | No | $ 2,205 | $ 2,205 | $ 2,750 |
| 4 | 4 | 8 | 4 | $ 8,631 | $ 8,631 | $ 11,000 |
| MLS #: | 23-281079 |
| Days On Market: | 300 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 695 |
| Price per unit: | $ 548,750 |
| Year Built: | 1951 |
Property Details
Tremendous Value-Add Potential. Huge corner ~10,000 sq ft lot in the prime Culver City area , pride of ownership, with 2 Approved ADU plans (a 3 bedroom and a 2 bedroom units ADUs ), totaling 6 units. Fully occupied 4 units with rents increasing September 1 collecting over $9000/mo. with substantial upside $6000/mo.+ for the 2 new ADUs, totaling $15,000 minimum per month. Plans have been approved in which the income will increase to ~$190,000 annual gross income . Best Culver City school district. On-site owned laundry facility which is highly used by tenants. Four parking garages and ample space for additional parking. Separately metered for gas and electric. Near many amenities and walking distance to Westfield Fox Hills Mall, Starbucks, Target, Ralphs, Pavilions, Party City, Denny's, Petco, Subway, West LA College and more.Interested in this Listing?
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Income Details
| Rent Control: | Yes |
| Gross Operating Income: | $ 186,708 |
| Total Annual Expense: | $ 56,000 |
| Net Operating Income: | $ 130,708 |
| Gross Annual Income: | $ 186,708 |
| Gross Rent Multiplier: | 12.82 |
Structure
| Type of Units: | 2 + FLAT |
| Buildings: | 2 |
| Levels: | Two |
| Style: | Craftsman |
| Sewer: | In Connected and Paid, In Street |
Land & Parking
| Zoning: | CCR4YY |
| Parking Garage: | Covered Parking |
Interior
| AC/Cooling: | Wall/Window |
| Equipment: | None |
| Heating: | Wall Gas |
| Laundry: | Community |
| Laundry Equipment: | Own |
Exterior
| Exterior Construction: | Stucco |
| Roof: | Composition |
Detailed Map
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Income
