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$ 1,875,000
Est. payment | /mo
9 Beds
4 Baths
3,864 SqFt
$ 1,875,000
Est. payment | /mo
9 Beds
4 Baths
3,864 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,864 sqft
Price per Sqft $485
MLS Listing ID 25569237
Bedrooms 9
HOA Y/N No
Year Built 1965
Lot Size 4,795 Sqft
Property Description
Privately tucked behind mature hedges in the heart of Mid-City, this beautifully updated 4-unit income property presents a rare opportunity to invest in one of LA's most rapidly evolving neighborhoods, just minutes from Culver City. All four units have been thoughtfully renovated in recent years, blending a clean, contemporary aesthetic with the charm of the original architecture. The fully updated building features three spacious 2-bedroom/1-bath units and one oversized 3-bedroom/2-bath unit with sweeping views from multiple angles. Each unit is filled with natural light, and the interiors are well-maintained making this a true turn-key opportunity for investors or potential owner-users. With over 4,400 square feet of living space on a 7,200-square-foot lot, the property also offers excellent potential for expansion or the addition of ADUs (buyer to verify feasibility with the city). All units are currently leased at near-market rents to reliable tenants, currently producing a solid 5.1% cap rate. With an addition of an ADU the property fully optimized is projected at 6.7 % Cap rate. The gated property offers both privacy and convenience, with tall hedges, one off-street parking space per unit, and ample street parking. Ideally located close to the Expo Line, downtown Culver City, and neighborhood hotspots like Helms Bakery, Alta Adams, Vicky's All Day, Chulita, Cento, and Mizlala. An exceptional, income-generating asset in a high-demand central location.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LARD2
Interior
Heating Electric, Radiant
Fireplace No
Appliance Dishwasher, Refrigerator, Dryer, Washer
Laundry Common Area
Exterior
Parking Features Uncovered
Total Parking Spaces 4
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5062009008
Special Listing Condition Standard
Listed by Colt Maloney Figure 8 Realty