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5403 Blackwelder Street

Los Angeles (City), CA 90016
  • $1,765,000
  • STATUS: Active Under Contract
  • ON SITE: 29 days
  • ID#: 21753212
Under Contract
UPDATED: 47 min ago
$1,765,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1961
County:

School Ratings & Info

Description

Opportunity knocks! 7 unit apartment building in a West Adams opportunity zone and just blocks to trendy Culver city. Culver City is quickly becoming an extension of the Silicon Beach tech hub. Also conveniently located between downtown LA and the Westside beaches as well as easy 10 freeway access and the expo line La Cienega station. This property has a great unit mix comprised of Three 2 bed 1 bath, Two 2 bed 1 bath and Two 1 bed 1 bath units. Each unit has very spacious and open living rooms with some updating throughout. Updates include kitchen counters with quartz/granite and wood/vinyl flooring. The building features laundry hookups, large rear yard space with many possibilities, two private balconies and a common area courtyard. There 6 parking spots with the potential of doubling that by creating tandem parking. The explosive area growth includes many new home developments, restaurants, coffee shops, bars and office space. With current trends and a 34% upside in rental income, this makes a excellent investment opportunity!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-29T07:30:07.1. 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. Licensed in the State of California, USA.
www.twissrealty.com/homes/118811655
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5403 Blackwelder Street Los Angeles (City), CA 90016

  • Price: $1,765,000
  • Status: Active Under Contract
  • Updated: 47 min ago
  • ID#: 21753212
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1961
Built
Neighborhood:
C16 - Mid Los Angeles
County:
Los Angeles
Area:
C16 - Mid Los Angeles
Property Description
Opportunity knocks! 7 unit apartment building in a West Adams opportunity zone and just blocks to trendy Culver city. Culver City is quickly becoming an extension of the Silicon Beach tech hub. Also conveniently located between downtown LA and the Westside beaches as well as easy 10 freeway access and the expo line La Cienega station. This property has a great unit mix comprised of Three 2 bed 1 bath, Two 2 bed 1 bath and Two 1 bed 1 bath units. Each unit has very spacious and open living rooms with some updating throughout. Updates include kitchen counters with quartz/granite and wood/vinyl flooring. The building features laundry hookups, large rear yard space with many possibilities, two private balconies and a common area courtyard. There 6 parking spots with the potential of doubling that by creating tandem parking. The explosive area growth includes many new home developments, restaurants, coffee shops, bars and office space. With current trends and a 34% upside in rental income, this makes a excellent investment opportunity!
Exterior Features

Architectural Style Mid-Century Modern Carport YN Yes Direction Faces South Foundation Details Slab Lot Features Back Yard Number Of Separate Electric Meters 7 Parking Features CarportDriveway Pool Features None Pool Private YN No Spa Features None Spa YN No View None View YN No

Interior Features

Accessibility Features None Appliances Gas RangeRefrigerator Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring CarpetLaminateTileWood Heating Wall Furnace Heating YN Yes

Property Features

Gross Income 600 Levels Two Listing Agreement Seller Reserved Listing Service Full Service Listing Terms Conventional Net Operating Income 69463 Number Of Separate Gas Meters 7 Number Of Units Leased 6 Property Condition Repairs Cosmetic Rent Control YN Yes Security Features Carbon Monoxide Detector(S)Smoke Detector(S)Window Bars Senior Community YN No Sewer Sewer Tap Paid Special Listing Conditions Standard Tenant Pays ElectricityGas Vacancy Allowance Rate 0 Zoning Lard1.5

Listing provided courtesy of Anthony Ridino of Propertycloud


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-29T07:30:07.1. 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. Licensed in the State of California, USA.
 
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