• 3,183 sq.ft.
  • 6,337 sq.ft. lot
offered at $1,775,000
Status: Active // Property Type:
County: Los Angeles // Year Built: 1939

Property Description

COMPLETELY UPDATED INCOME PROPERTY IN PRIME MID-CITY BETWEEN PICFAIR VILLAGE AND CULVER ARTS DISTRICT 5 UNIT COMPLEX W/ RTI PLANS FOR TWO ADUS We are pleased to present this 5-unit multifamily property that has been remodeled to the studs. RTI PLANS in hand for two ADU’S, that would bring the unit count to seven with a 7.11% cap rate. As general contractors and developers the seller is willing to provide the buyer with budgets and contract to build proposed ADU’S. The property is located just minutes from the Culver Arts District, Culver City Steps, Ivy Station which house Amazon Studios, Sony Pictures, HBO, Beats Electronics and many more tech and entertainment companies pouring into the neighborhood. This property, located in the very hot market of Mid-City between Picfair village and Culver Arts District, has enjoyed much of the demand. Incredible rent comps are being achieved in this neighborhood, driven largely by the surrounding tech hubs and supporting services providing high-paying and stable jobs. The property features drought tolerant landscaping, as well as energy efficient building materials, appliances and fixtures presenting the buyer with a low maintenance, environmentally friendly property. Please contact us regarding this opportunity or one of the seller’s many other similar developments throughout Los Angeles.

Listing Courtesy of Martin Fish, Citivest Realty Services, Inc

Interior Features

Interior Features: Ceiling Fan(s), Quartz Counters, Recessed Lighting // Heating: Combination

Exterior Features

Exterior Features: Sidewalks
  • raj qsar
    CEO | Owner |
    CalBRE# 01744847
    • cell 714.412.5019
    • office 949.612.2535
    email Raj

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Based on information from California Regional Multiple Listing Service, Inc. as of November 29, 2023. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.