Culver City, CA 90230,4438 S Slauson AVE
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Culver City, CA 90230,4438 S Slauson AVE
Culver City, CA 90230,4438 S Slauson AVE
Culver City, CA 90230,4438 S Slauson AVE
Culver City, CA 90230,4438 S Slauson AVE

$6,320,000

Est. payment /mo

$6,999,000

9.7%
Est.Price: ?

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4438 S Slauson AVE Culver City, CA 90230

0.46 Acres Lot

SOLD DATE : 01/31/2022

Key Details

Sold Price $6,320,000

Property Type Vacant Land

Sub Type Other Residential Land

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CRPW21184778

Sold Date 01/31/22

Originating Board California Regional MLS

Lot Size 0.459 Acres

Property Description

MAJOR PRICE REDUCTION! We are pleased to present one of the most unique lot assemblages available in the LA market: Four consecutive single-family homes with alley access, all delivered vacant, no rent control or Ellis Act, and located in the booming tech hub of Silicon Beach. Located in Culver City, the property falls under Los Angeles Department of Building and Safety offering the developer a drastically streamlined planning and building timeframe compared to the Culver City building process. This assemblage will allow the savvy developer to build 42 luxury units utilizing a density bonus, or 28 units without bonus. The seller has built a new construction four-unit next door, having leased the four bedroom unit at $5,545, the three bedroom units at $4,646, and the two bedroom unit at $4,300. These rents prove the high demand for a quality rental in red hot Culver City. Another lucrative development option would be to utilize the Small Lot Subdivision approach to build 12 single family residences, ranging from 2,190-2,555 sf each with values of $1.8M - $2.2M per home. In addition to the four lots there is on market a fifth lot for sale by a third party, located at 4418 S Slauson. Acquiring this lot would bring the total SF to 25,506. The

Location

State CA

County Los Angeles

Area C28 - Culver City

Zoning LY,LSR

Exterior

Utilities Available Other

View City Lights, Local/Neighborhood

Building

Water District - Public

Others

Tax ID 4217018016

Special Listing Condition Not Applicable

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MLS Listing IDX PLUS
Listed by Seth Hamilton • Citivest Realty Services, Inc
Bought with Seth Hamilton
agent

Luis Vasquez

Agent | License ID: 02083319

+1(650) 200-8722

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