$1,075,000
$1,300,000
17.3%For more information regarding the value of a property, please contact us for a free consultation.
11262 Venice BLD Culver City, CA 90230
5,000 Sqft Lot
Key Details
Sold Price $1,075,000
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRPW22231075
Sold Date 04/20/23
Originating Board California Regional MLS
Year Built 1954
Lot Size 5,000 Sqft
Property Description
. TRUE VALUE-ADD OPPORTUNITY WITH APPROXIMATLEY 75% UPSIDE IN RENTS . CENTRAL WEST LOS ANGELES LOCATION ON VENICE BLVD IN DESIREABLE CULVER CITY . IMMEDIATELY ADJACENT TO 405 FREEWAY AND CLOSE TO METRO EXPO LINE, PROVIDING EASY-ACCESS FOR COMMUTING TENANTS . PLENTY OF STREET PARKING, ALONG WITH TWO, 2-CAR GARAGES . COMMON-AREA LAUNDRY ROOM . 1954 CONSTRUCTION . HISTORICALLY LOW FINANCING AVAILABE FOR MULTI-FAMILY PROPERTIES We are pleased to present a 4-unit apartment building located at 11262 Venice Boulevard in Culver City, California. Built in 1954, the subject property consists of 3,060 rentable square feet, spread throughout a 5,000 square foot lot. The unit-mix consists of two 2-bedroom/ 1-bath units and two 1-bedroom/ 1-bath units. Owners can enjoy the high demand for rentals in West Los Angeles with desirable rental demographics that include educated and affluent young professionals. Tenants enjoy living in close proximity to many employment opportunities, entertainment venues, shopping, and restaurants. Culver City continues to progress forward and is currently experiencing major redevelopments including the Ivy Station project, which includes 500,000 square feet of offices, apartments, a hotel, stores and restaurants. Apple's 550,000 square-foot
Location
State CA
County Los Angeles
Area C28 - Culver City
Interior
Laundry None
Exterior
Garage Spaces 4.0
Pool None
Building
Water District - Public
Others
Tax ID 4214001018
Special Listing Condition Not Applicable
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