Description
MASSIVE PRICE ADJUSTMENT. Legal 4-plex with a newly constructed ADU. Total of 3506 sqft on a huge 10,462 sqft lot. A diverse mix of units: 3 BD/2BA, 2BD/1BA, 1BD/1BA, studio/1BA, and a not-yet-lived in 1BD/1BA ADU from ABODU which is 1BD/1BA and over 495 sqft. Possible to have 3 vacant units at COE including: 3BD/2BA, 1BD/1BA ADU, and 2BD/1BA. Gross Scheduled Income (GSI) $140,970 Expenses $28,022; Net Operating Income (NOI) $112,948; GRM 12.41; Cap Rate 6.45%. Flexibility for either an owner-user to live in one of the units while renting out the others for instant income, or for an investor to add it to their long-term portfolio for potential future development. Property boasts a large backyard space (lot size 10,462 sqft), providing outdoor living and play space in addition to potential opportunities for future development or expansion. The 3BD/2BA owners' unit has been updated with new flooring, kitchen, and bathrooms, and new plumbing and electric. New sewer pipes for the property, and various upgrades in the three rented units. New fencing and gates have been installed, enhancing security and privacy on the property. Two vacant units provide for immediate FMV rental income or personal use. Three rented units have low maintenance costs. Conveniently located close to popular new restaurants, gourmet coffee shops, and boutique galleries. Property situated near Culver City, Hayden Tract, Cumulus District, and West Adams. This area is considered one of the hottest and up-and-coming neighborhoods in Los Angeles. Easy access to Mar Vista, Venice, Playa Vista, LAX, and the Expo Line, making commuting more accessible. A promising investment opportunity, given its hot location next to Culver City, unit mix with up to 3 vacant units, and potential for immediate rental income and future development (lot size 10,462 sqft). It's a hidden gem. MOTIVATED SELLER. BRING YOUR BEST OFFER!
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7BEDS
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0.24ACRES
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0BATHS
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01/2 BATHS
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3,506SQFT
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$499$/SQFT
School Ratings & Info
Description
MASSIVE PRICE ADJUSTMENT. Legal 4-plex with a newly constructed ADU. Total of 3506 sqft on a huge 10,462 sqft lot. A diverse mix of units: 3 BD/2BA, 2BD/1BA, 1BD/1BA, studio/1BA, and a not-yet-lived in 1BD/1BA ADU from ABODU which is 1BD/1BA and over 495 sqft. Possible to have 3 vacant units at COE including: 3BD/2BA, 1BD/1BA ADU, and 2BD/1BA. Gross Scheduled Income (GSI) $140,970 Expenses $28,022; Net Operating Income (NOI) $112,948; GRM 12.41; Cap Rate 6.45%. Flexibility for either an owner-user to live in one of the units while renting out the others for instant income, or for an investor to add it to their long-term portfolio for potential future development. Property boasts a large backyard space (lot size 10,462 sqft), providing outdoor living and play space in addition to potential opportunities for future development or expansion. The 3BD/2BA owners' unit has been updated with new flooring, kitchen, and bathrooms, and new plumbing and electric. New sewer pipes for the property, and various upgrades in the three rented units. New fencing and gates have been installed, enhancing security and privacy on the property. Two vacant units provide for immediate FMV rental income or personal use. Three rented units have low maintenance costs. Conveniently located close to popular new restaurants, gourmet coffee shops, and boutique galleries. Property situated near Culver City, Hayden Tract, Cumulus District, and West Adams. This area is considered one of the hottest and up-and-coming neighborhoods in Los Angeles. Easy access to Mar Vista, Venice, Playa Vista, LAX, and the Expo Line, making commuting more accessible. A promising investment opportunity, given its hot location next to Culver City, unit mix with up to 3 vacant units, and potential for immediate rental income and future development (lot size 10,462 sqft). It's a hidden gem. MOTIVATED SELLER. BRING YOUR BEST OFFER!
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-04T00:25:53.033. 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 deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty Group - Brokered by EXP. Licensed in the State of California, USA.