Description

Unique 4 Unit property situated in the highly sought-after "A" location of Culver City. Let the tenants help you pay your mortgage or upgrade for excellent cash flow. There is a large owners unit with three bedrooms two baths that can be modified to add an extra den/bedroom and open up the kitchen. We estimate there is at least 140% +/- upside in rents. There is a courtyard and back garage that can be access from the alley. This offers the potential to add two detached ADUs and still have 6 to 7 parking spots. Contact us to learn how. The asset is within a few minutes' reach of the area's finest shopping, dining, and entertainment amenities. With an excellent walk score of 87 and a bike score of 82, Downtown Culver City is just a four-minute commute away, offering a vibrant mix of outdoor cafes, specialty boutiques, galleries, and nightlife venues. Moreover, the property is minutes from Silicon Beach, Venice Beach, Marina Del Rey, and Santa Monica. The nearby MetroRail system provides seamless connectivity to Downtown and beyond, with a route that extends from Santa Monica to Downtown, allowing for easy access to any destination within Los Angeles. The property features two spacious 3+2 units and two 2+1 units. With the addition of the two ADUs and a few unit turns this property has the potential to achieve 19% Average Annual Return, making it a great investment opportunity even for an owner user.

Features

• 0.18 Acres
• 2 Stories