Active
$2,300,000
6 Units
8 Beds
8 Baths
4,968 Area(sq.ft.)
Lot: 7,863 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 1 | 1 | No | $ 3,995 | $ 3,995 | $ 3,995 |
| Unit 2 | 1 | 1 | 1 | No | $ 3,995 | $ 3,995 | $ 3,995 |
| Unit 3 | 1 | 1 | 1 | No | $ 3,995 | n/a | $ 3,995 |
| Unit 4 | 1 | 1 | 1 | No | $ 3,995 | n/a | $ 3,995 |
| Unit 5 | 1 | 2 | 2 | No | $ 6,500 | n/a | $ 6,500 |
| Unit 6 | 1 | 2 | 2 | No | $ 6,500 | n/a | $ 6,500 |
| 6 | 8 | 8 | $ 28,980 | $ 7,990 | $ 28,980 |
| MLS #: | 25527747 |
| Days On Market: | 229 |
| Listing Date: | April 21, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 463 |
| Price per unit: | $ 383,333 |
| Year Built: | 1926 |
Property Details
RTI Investment Opportunity in Prime Culver City. Presenting a rare chance to acquire a fully entitled project to renovate an existing fourplex and build two ADUs on a charming, tree-lined street in the heart of Culver City. Just half a mile from major studios including Amazon, Apple TV, HBO, and Sony. Capture top tier rents with excellent access to Downtown Culver City, Erewhon, Equinox, Trader Joe's, and LA's fastest growing dining and shopping scene. Plans include remodel and rooftop deck addition to four existing units and the development of two additional ADU's at 1200 SF each. New units have fantastic layouts with private garage and access. The existing structure is 2,489 SF with 4 units.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Vacancy Rate: | 50% |
| Gross Operating Income: | $ 347,760 |
| Total Annual Expense: | $ 4,570 |
| Net Operating Income: | $ 312,340 |
| Gross Annual Income: | $ 4,083 |
| Gross Rent Multiplier: | 6.61 |
Structure
| Type of Units: | 4 |
| Buildings: | 3 |
| Levels: | One |
| Style: | Spanish |
| Sewer: | Other |
| Water: | Public |
Land & Parking
| Zoning: | CCR2YY |
| Parking Garage: | Driveway |
Interior
| AC/Cooling: | None |
| Equipment: | None |
| Heating: | Wall |
Exterior
| Exterior Construction: | Stucco |
| Pool: | No |
| Roof: | Flat |
| Spa: | No |
Detailed Map
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