Price $1,299,888
Status Active
Beds 0
Baths 0 Bath
Home size 1,900 sqft
Lot Size 5,498 sqft
Days on Market 59
BACK ON THE MARKET WITH OVER $50,000 PRICE DROP & IS PRICED TO SELL NOW! Well Maintained Highly Sought After Triplex in Culver City. The front two units each have 2 Bedrooms,1 Bathroom & Laundry Facilities. The back unit is not permitted & is a Studio w/1 Bath & addition room currently used as Kitchen. NEW STATE ADU RULES MIGHT MAKE IT EASIER TO PERMIT IT NOW OR TO EXPAND IT/ ADD AN ADDITIONAL UNIT. PLEASE CHECK WITH THE CITY TO CONFIRM! The Property is perfect for a Buyer that wants to live in one unit & rent out the others. If you lived in one unit, you may able to cover your monthly mortgage payment and live for free. This is almost impossible to find in LA. This would also work well for extended families or for someone looking for a good investment or 1031 Exchange. This property is in one of the best locations in LA & is centrally located to everything including Beaches, Freeways,Restaurants & Shops. Proforma Rental Income for the front two units are $3,400 a month & the back studio is $1,600. Total Gross Proforma Rent is $8,400 a month or $100,800 a year. This means your CAP Rate/Return on Investment is over 6.2% when the average property in this area gets a 3% or less return. The Property has been well maintained & upgraded over the years.The front unit has new paint, some new windows, & switches. The middle unit has a newer bathroom, lights & floors. Other amenities include a Long Driveway which allows for lots of parking & a private backyard for entertaining.
Property Type(s): Residential Income
Last Updated 10/28/2019 Year Built 1950
Community C28 - Culver City County Los Angeles

Price History

Prior to Oct 28, '19 $1,349,888
Oct 28, '19 - Today $1,299,888

Additional Details

AREA C28 - Culver City
GARAGE Driveway
HOA DUES 0.00
LOT 5497 sq ft
LOT DESCRIPTION Yard
POOL DESCRIPTION None
SEWER Public Sewer
UTILITIES Cable Connected,Electricity Connected
WATER Public
ZONING CCR4YY

Location

 

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Listing provided by : Mike Vachani CalDRE: 01279002, Provenio Realty and Investment

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Based on information from California Regional Multiple Listing Service, Inc. as of 11/22/19 2:02 PM PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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