NOT LISTED FOR SALE
-- Bed
8 Baths
3,080 Sq Ft
7,070 Sq Ft Lot

Last Sold August 11, 2021

Last sale price $1,486,000 $482 Per Sq Ft

165 Days on Market

Highlights

  • No Units Above
  • No HOA
  • Ceiling Fan
  • Culver City Middle School Rated A-
  • Laundry Room

About This Home

As of August 2021

Rare find apartment complex in Culver City conveniently located near shopping, dining, schools, and many large employers. Located in the desirable Culver Gardens division, the 8 unit property is comprised of 2 residential buildings and a detached 8 space garage on a 7070 sq ft lot. Each unit is approximately 400 sq ft with laundry hook up and assigned covered parking. Some units have been completely remodeled down to the studs. A few units are rented below market rate with lots of upside potential.

Last Agent to Sell the Property

Amy Duong

Amy Duong, Broker License #01918387 Listed on: 01/11/2021

Last Buyer's Agent

Michael Mavadat

Southland Real Estate Consulta License #00804484

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 7,070 Sq Ft Lot
  • No Units Above
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 8 Car Garage
  • Parking Available
  • Assigned Parking

Home Design

  • Property Attached

Interior Spaces

  • 8 Bathrooms
  • 3,080 Sq Ft Home
  • Ceiling Fan
  • Laundry Room

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, telephone
  • Tax Lot 17
  • Tax Tract Number 702803
  • Assessor Parcel Number 4232017012

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 8 Units

Building Details

  • 7 Leased Units
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,287
  • Trash Expense $1,700
  • Water Sewer Expense $1,800
  • Operating Expense $4,787
  • Net Operating Income $7,700

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0

Parking

8

Listing Details

  • Assessments: Yes
  • Inclusions: Some units include washer/dryer, refrigerator, stove
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Water Sewer Expenses: 1800.00
  • Zoning: CCC3YY
  • Property Type: Residential Income
  • Parcel Number: 4232017012
  • Year Built: 1947
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s)
  • Common Walls: 2+ Common Walls, No One Above
  • Levels: One
  • Price Per Square Foot: 482.47
  • Room Type: Kitchen

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Parking: Yes
  • Parking Features: Assigned, Covered
  • Total Parking Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 1700.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7070.00
  • Lot Size Acres: 0.1623

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone

Multi Family

  • Average Studio Area: 385 Square Feet
  • Gross Scheduled Income: 8100.00
  • Insurance Expense: 2287.00
  • Lot Size Area: 7070.0000 Square Feet
  • Net Operating Income: 7700.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 7
  • Number Of Units Total: 8
  • Number Wall A C: 1
  • Number With Range: 8
  • Number With Refrigerator: 8
  • Operating Expense: 4787.00
  • Operating Expense Percent: 12.00
  • Rent Control: No
  • Total Actual Rent: 8100.00
  • Total Expenses: 4787.00

Tax Info

  • Tax Census Tract: 7028.03
  • Tax Lot: 17
  • Tax Tract Number: 702803

Range of Values:

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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
08/11/2021 08/11/21 Sold $1,486,000 0.0% $482 / Sq Ft
06/25/2021 06/25/21 Off Market $1,486,000 -- --
06/25/2021 06/25/21 For Sale $1,800,000 +21.1% $584 / Sq Ft
05/25/2021 05/25/21 Off Market $1,486,000 -- --
05/25/2021 05/25/21 For Sale $1,800,000 +21.1% $584 / Sq Ft
05/24/2021 05/24/21 Off Market $1,486,000 -- --
05/10/2021 05/10/21 Price Changed $1,800,000 -28.0% $584 / Sq Ft
01/11/2021 01/11/21 For Sale $2,499,999 -- $812 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21002834

California Regional Multiple Listing Service (CRMLS)