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Key Details
Sold Price $1,100,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,136 sqft
Price per Sqft $350
MLS Listing ID 24423015
Sold Date 12/06/24
Bedrooms 8
HOA Y/N No
Year Built 1956
Lot Size 6,899 Sqft
Property Description
Value-add fourplex in the extremely coveted neighborhood of Del Rey. 1 unit is being held vacant so that the new owners can remodel and choose their own tenant. The property may have a Culver City address, but it is definitely in the City of LA and is subject to LA Rent Stabilization Ordinance. All four units feature 2 bedroom + 1 bathroom units that average 784 SF each. A blooming jacaranda tree frames the front of the building, providing tenants an extra pleasant view in June and July. Parking is available in the rear via the alley and can accommodate 10 cars. There may be potential to build ADUs in the rear, Buyer should investigate if interested. There is also a laundry room for convenience, serviced by WASH. In the downstairs apartments, 1 of the 2 bedrooms has a back door to a patio area, which gives them a private patio and added bonus outdoor space. There has been a ton of new construction and investment into the immediate area, with new apartment buildings with murals, coffee shops, restaurants and more. There are multiple new construction buildings on the east side of the street that are new within a few blocks. The homes in the area are also in high demand, as the property is located near Silicon Beach, Mar Vista, Marina del Rey, Culver City, Playa Vista, and Loyola Marymount University.
Location
State CA
County Los Angeles
Area C28 - Culver City
Zoning LAR3
Interior
Flooring Carpet, Tile
Fireplaces Type None
Fireplace No
Appliance Gas Oven
Laundry Common Area, Laundry Room
Exterior
Parking Features One Space
Pool None
Community Features Gated
View Y/N No
View None
Roof Type Composition,Shingle
Accessibility None
Porch None
Total Parking Spaces 10
Private Pool No
Building
Faces East
Story 2
Entry Level One
Foundation Slab
Sewer Sewer Tap Paid
Architectural Style Mid-Century Modern
Level or Stories One
New Construction No
Schools
School District Los Angeles Unified
Others
Senior Community No
Tax ID 4218017031
Security Features Carbon Monoxide Detector(s),Gated Community,Smoke Detector(s)
Acceptable Financing VA Loan
Listing Terms VA Loan
Special Listing Condition Standard
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Monique H. Ott-Beacham
Broker | License ID: DRE #01448692
Broker License ID: DRE #01448692