NOT LISTED FOR SALE
16 Beds
8 Baths
7,108 Sq Ft
0.31 Acres

Last Sold May 20, 2022

Last sale price $2,400,000 $338 Per Sq Ft

22 Days on Market

Highlights

  • 0.31 Acre Lot
  • Detached Carport Space
  • West Facing Home
  • Balcony
  • Ceiling Fan

About This Home

As of May 2022

The location for this investment is A+. It is blocks away from Culver City with restaurants, studios and tech companies (Apple, Google etc). The 8 unit property has been owned by same family for over 40 years and has been professionally managed for a decade. All units are 2BR/1BA, and two of the units will be delivered vacant and in rent-ready condition. There is carport parking for 8 plus additional space for more parking or adding ADU's (check with city ). There is 50% upside in the rents and all remaining tenants are current in rent.

Last Agent to Sell the Property

Keith Moret

Lyon Stahl Investment Real Estate, Inc. License #01802527 Listed on: 03/21/2022

Lyon Stahl Investment Real Estate, Inc.

Last Buyer's Agent

Dae Um

Fox Industrial Realty License #02097591

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 0.31 Acre Lot
  • West Facing Home

Interior Spaces

  • 7,108 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Kitchen

  • Gas Cooktop
  • Disposal

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 8 Bathrooms

Parking

  • 8 Parking Spaces
  • Detached Carport Space

Outdoor Features

  • Balcony

Utilities

  • Heating System Mounted To A Wall or Window
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 5064-023-019

Community Details

Overview

  • 8 Units
  • Prime West Association

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Alley: No
  • Living Area: 7108
  • Lot Acreage: 0.3133
  • Probate: No
  • Stories: 2
  • Year Built: 1947
  • Number Of Photos: 16
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Disposal: 8
  • Number Range: 8
  • Number Refrigerator: 8
  • Appliances: Cooktop - Gas
  • Bedrooms: 16
  • Total Bathrooms: 8.00
  • Equipment: Ceiling Fan, Garbage Disposal
  • Price Per S Q F T: 309.51

Exterior Features

  • Direction Faces: West
  • Other Features: Balcony
  • Other Structures: None

Garage/Parking

  • Covered Parking: 8
  • Parking Garage: Carport Detached
  • Total Parking: 8

Utilities

  • Water Heater: Gas
  • Heating: Wall Gas
  • Number Electric Meters: 8
  • Number Gas Meters: 8
  • Water Heaters: Yes

Condo/Co-op/Association

  • Management Company: Prime West
  • Mgmt Co Phone: 2134874911|

Lot Info

  • Assessed Improvement Percent: 29.96
  • Assessed Improvement Value: 369193
  • Assessed Land Percent: 70.04
  • Assessed Land Value: 862968
  • Total Assessed Value: 1232161
  • Assessor Parcel Number: 5064-023-019
  • Lot Size Area: 13646

Rental Info

  • Total Actual Rent: 152940.00
  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
  • Gross Rent Multiplier: 14.38
  • Number Of Units: 8
  • Total Annual Expense: 59844
  • Type Of Units: Residential
  • Vacancy Allow Percent: 5.00
  • Vacancy Rate: 5%

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
05/20/2022 05/20/22 Sold $2,400,000 +9.1% $338 / Sq Ft
04/12/2022 04/12/22 Pending -- -- --
03/21/2022 03/21/22 For Sale $2,200,000 -- $310 / 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: 22-141865

The MLS