NOT LISTED FOR SALE

Estimated Value: $1,444,299 - $1,562,000

4 Beds
3 Baths
2,130 Sq Ft
$705/Sq Ft Est. Value

Last Sold September 19, 2023

Last sale price $1,350,000 $634 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $9,745/month

43 Days on Market

Highlights

  • Contemporary Architecture
  • Laundry Room
  • Ceiling Fan
  • Farragut Elementary School Rated A

About This Home

As of September 2023

Great Opportunity!!! Charming and bright triplex located in Culver City. All three units are in good condition and have been well maintained. Two units will be delivered newly renovated and vacant! The occupied unit is currently being leased for $1785/month. The renovated 1 bed 1 bath unit on the main floor provides you with sense of privacy and exclusivity as well as an open feel. As you enter the unit you are welcomed with a spacious living room with all new windows that provide ample natural lighting. The kitchen provides you with sufficient working space as well as cabinetry. The other renovated unit is similar but it is upstairs and provides a nice view. The property includes a three car garage that provides covered parking and/or endless storage space. Common laundry area. This property is in a prime Culver City location within coveted Culver City Unified School district. Close to Veterans Memorial park, Downtown Culver City, The Culver theater, Culver Steps, One Culver and Ivy Station with endless options for dining and retail. Also located within proximity to Sony Studios, Amazon, Apple and Google. If you are looking to take part in outdoor activities, this gem is located within short distance to the Culver City Scenic Overlook (great location for scenic hiking), Kenneth Hahn State Recreational Area and a bike path that takes you all the way to the Pacific Ocean only 6 miles away. Culver City is equidistant to many vital neighboring cities & within close proximity to important sites including Santa Monica, Century City, El Segundo, Downtown Los Angeles, LAX, UCLA, USC, L.A Live and much more). The Expo light rail line is also a convenient option to get around L.A that is about 15 minutes from this property. Do not miss your chance in seeing this rare investment opportunity and turn key triplex located in one of the most sought after neighborhoods in Culver City.

Last Agent to Sell the Property

Ryan Mejia

Cavanaugh Realtors License #02084370 Listed on: 06/28/2023

Last Buyer's Agent

Heather Coombs Perez

Compass License #01169916

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,776

Year Built

  • Built in 1954

Lot Details

  • 2,729

Parking

  • 3 Car Garage

Home Design

  • Contemporary Architecture

Interior Spaces

  • 2,130 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Kitchen

  • Oven or Range
  • Microwave

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Leased Washer and Dryer

Additional Features

  • 2,729 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 3 Units
  • Laundry Facilities

Listing and Financial Details

  • Tenant pays for gas, electricity
  • Assessor Parcel Number 4213-009-016

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,776

Year Built

Built in 1954

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential Income
  • Style: Contemporary
  • Street Number Display: Yes
  • Living Area: 2130
  • Lot Acreage: 0.0627
  • Stories: 2
  • Year Built: 1954
  • Number Of Photos: 18
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 4
  • Laundry: Community, Room, Laundry Area
  • Laundry Equipment: Lease
  • Total Bathrooms: 3.00
  • Equipment: Range/Oven, Ceiling Fan, Microwave, Hood Fan
  • Price Per S Q F T: 656.00

Exterior Features

  • Other Structures: None

Garage/Parking

  • Garage Spaces: 3
  • Parking Garage: Garage Is Attached
  • Total Parking: 3

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 34.62
  • Assessed Improvement Value: 153761
  • Assessed Land Percent: 65.38
  • Assessed Land Value: 290391
  • Total Assessed Value: 444152
  • Assessor Parcel Number: 4213-009-016
  • Lot Size Area: 2729

Rental Info

  • Tenant Pays: Gas, Electricity

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 13.40
  • Number Of Units: 3
  • Total Annual Expense: 0
  • Type Of Units: Apartments
  • Vacancy Rate: 67.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2023
Closed on
Aug 10, 2023
Sold by
Henderson Living Trust
Bought by
Corrigan Brendan and Corrigan Sandra Annette
Seller's Agent
Ryan Mejia
Cavanaugh Realtors
Buyer's Agent
Heather Coombs Perez
Compass
List Price
$1,399,000
Sold Price
$1,350,000
Premium/Discount to List
-$49,000
-3.5%
Views
86
Current Estimated Value
$1,501,325

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$151,325
Avg. Annual Appreciation
5.78%
Original Mortgage
$1,012,500
Outstanding Balance
$991,749
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$509,576

Purchase Details

Closed on
Mar 30, 2023
Sold by
Henderson Sandra Annette
Bought by
Henderson Living Trust

Purchase Details

Closed on
Aug 9, 2022
Sold by
Hodson Family Living Trust
Bought by
Henderson Sandra Annette

Purchase Details

Closed on
Sep 11, 1998
Sold by
Hodson Don F
Bought by
Hudson Don F and Hudson Barbara E

Purchase Details

Closed on
Apr 27, 1998
Sold by
Hendericksen Marguerite L
Bought by
Hodson Don F and Hodson Barbara E
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Corrigan Brendan $1,350,000 Orange Coast Title Company
Henderson Living Trust -- None Listed On Document
Henderson Sandra Annette -- --
Hudson Don F -- --
Hodson Don F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Corrigan Brendan $1,012,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/19/2023 09/19/23 Sold $1,350,000 -3.5% $634 / Sq Ft
08/10/2023 08/10/23 Pending -- -- --
06/28/2023 06/28/23 For Sale $1,399,000 -- $657 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $18,776 $1,377,000 $892,500 $484,500
2024 $18,776 $1,350,000 $875,000 $475,000
2023 $8,485 $453,034 $296,198 $156,836
2022 $8,061 $444,152 $290,391 $153,761
2021 $7,913 $435,445 $284,698 $150,747
2019 $7,537 $422,531 $276,254 $146,277
2018 $7,657 $414,247 $270,838 $143,409
2016 $6,638 $398,164 $260,322 $137,842
2015 $6,560 $392,184 $256,412 $135,772
2014 $6,501 $384,503 $251,390 $133,113
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-284093

The MLS

APN: 4213-009-016