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… Read More 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. Read Less
Courtesy of Figure 8 Realty 213-537-0114
Listing Snapshot
Days Online
29
Last Updated
Property Type
Other
Beds
9
Square Ft.
3,864
Lot Size
0.11 Acres
Year Built
1965
MLS Number
25569237
Additional Details
Appliances & Equipment
Dishwasher, Dryer, Washer, Refrigerator
Building
3,864 sq ft, Built in 1965, Levels: Two
Cooling
Wall Unit(s), Ceiling Fan
Disclosures
As Is
Garage
Uncovered
Heating
Electric, Radiant
Laundry
Community
Lot
LotAcreage: 0.1101, LotSizeArea: 4,798
Parking
TotalParking: 4
Property
NumberOfUnits: 4, Zoning: LARD2
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