NOT LISTED FOR SALE
2 Beds
18 Baths
7,114 Sq Ft
0.48 Acres

Last Sold April 09, 2021

Last sale price $5,000,000 $703 Per Sq Ft

223 Days on Market

Highlights

  • 0.48 Acre Lot
  • Culver City Middle School Rated A-
  • 1-Story Property

About This Home

As of April 2021

This 18-Unit apartment community is set within a multiple courtyard layout on a large parcel of land totaling 20,847 SF with +/-208 feet of Venice Blvd. street frontage. Built in 1941, the property is located just +/-1.1 miles from the dramatically revitalized downtown Culver City. Within the existing 18-Units, the composition consists of Sixteen (16) Studio apartments and Two (2) One Bedroom and One Bathroom apartments. There are Sixteen (16) enclosed garages. Block-to-block parcel with +/-208 feet of Venice Blvd. frontage / zoned Culver City RMD. Sale offering subject to court confirmation and/or possible over-bid proceedings under the Probate Courts Orders or any statutory requirements. Minimum Overbid is $5,250,000 - Court hearing is scheduled for February 22, 2021 at 9:30 a.m., 111 N. Hill St., Department 11, Los Angeles CA 90012.

Last Agent to Sell the Property

Nick Astrupgaard

KW Commercial Studio City License #01893466 Listed on: 08/26/2020

KW Commercial Studio City

Co-Listed By

Rich Johns

KW Commercial Studio City License #01432215

Last Buyer's Agent

Mohamed Hassan

License #01903267

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1941

Lot Details

  • 0.48 Acre Lot

Interior Spaces

  • 7,114 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 18 Bathrooms

Parking

  • 16 Parking Spaces
  • 16 Covered Spaces

Listing and Financial Details

  • Assessor Parcel Number 4208-018-020

Community Details

Overview

  • 9 Buildings
  • 18 Units

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Year Built

Built in 1941

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 7114
  • Lot Acreage: 0.4792
  • Probate: Yes
  • Stories: 1
  • Year Built: 1941
  • Number Of Photos: 13
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 2
  • Total Bathrooms: 18.00
  • Price Per S Q F T: 829.35

Exterior Features

  • Other Structures: None

Garage/Parking

  • Covered Parking: 16
  • Parking Garage: Garage - 1 Car
  • Total Parking: 16

Lot Info

  • Assessed Improvement Percent: 30.96
  • Assessed Improvement Value: 91229
  • Assessed Land Percent: 69.04
  • Assessed Land Value: 203417
  • Total Assessed Value: 294646
  • Assessor Parcel Number: 4208-018-020
  • Lot Size Area: 20875

Rental Info

  • Court Approve: Yes
  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 24.70
  • Number Of Units: 18
  • Rent Control: 100
  • Total Annual Expense: 104363
  • Type Of Units: Apartments
  • Vacancy Rate: 0

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/09/2021 04/09/21 Sold $5,000,000 -15.3% $703 / Sq Ft
04/06/2021 04/06/21 Pending -- -- --
12/01/2020 12/01/20 For Sale $5,900,000 0.0% $829 / Sq Ft
11/30/2020 11/30/20 Pending -- -- --
08/26/2020 08/26/20 For Sale $5,900,000 -- $829 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-624120

The MLS