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$ 3,000,000
Est. payment | /mo
8 Beds
11 Baths
4,854 SqFt
$ 3,000,000
Est. payment | /mo
8 Beds
11 Baths
4,854 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,854 sqft
Price per Sqft $618
MLS Listing ID 25507509
Bedrooms 8
HOA Y/N No
Year Built 1962
Lot Size 6,490 Sqft
Lot Dimensions Assessor
Property Description
The property is well located in the highly desirable Palms submarket of WLA, adjacent to bustling neighborhoods of Culver City, Santa Monica, etc. With trendy eateries, bars, shops, and iconic beaches just minutes away, the property benefits from a positive trend in asking rents and legendary long-term capital appreciation. The property's proximity to renowned employers such as Sony, Apple, Google, YouTube, and Tesla makes it an attractive location for young, professional renters. The property comprises 9 recorded units, with the unique advantage of being configurable into 11 units, providing flexibility and upside potential for inventors. It offers an efficient mix of studios and 1+1 units,with opportunities for additional upside from ADU conversions and renovations upon turnover. The average current rents for the units are significantly below market rates, presenting tremendous NOI upside.
Location
State CA
County Los Angeles
Area C09 - Beverlywood Vicinity
Zoning LAR3
Interior
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Carport, Driveway
Attached Garage Yes
Total Parking Spaces 11
Building
Faces West
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4313021015
Special Listing Condition Standard
Listed by Scott Rosenberg • Kidder Mathews of California, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "