$1,065,000
SOLD OCT 23, 2025
5 Beds
5 Baths
2,735 Sq Ft
5,672 Sq Ft Lot

Recently Sold

$389 Per Sq Ft

24% Below List Price

69 Days on Market

About This Home

As of October 2025

Two units will be delivered vacant at close of escrow - This offering includes a 4-unit building plus 1 non-conforming studio with ADU plans - giving buyers both strong in-place income and long-term value-add potential. Located just steps from the Culver City Arts District, the unit mix features two (2) one-bedrooms and two (2) studios, all of which have been fully renovated. The roof was replaced in 2023, and each unit is separately metered for gas and electricity. On-site parking is included. The non-conforming studio in the rear comes with approved ADU plans, allowing the next owner to legitimize and maximize the building's income potential. Surrounded by major new developments, trendy restaurants, and everyday essentials like Whole Foods, Target, and Kaiser Permanente, this is a high-demand rental location offering immediate cash flow and long-term appreciation.

Last Agent to Sell the Property

Jason Tuvia

Marcus & Millichap License #01772495 Listed on: 07/22/2025

Last Buyer's Agent

Ken Shapiro

Silverwood Properties License #01715663

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 5,672 Sq Ft Lot

Parking

  • Driveway

Interior Spaces

  • 2,735 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Community Details

  • 2 Buildings
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 5048-001-032

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 2735
  • Lot Acreage: 0.1302
  • Year Built: 1940
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 5
  • Total Bathrooms: 5.00
  • Price Per S Q F T: 457.00

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Driveway

Lot Info

  • Assessed Improvement Percent: 18.75
  • Assessed Improvement Value: 153000
  • Assessed Land Percent: 81.25
  • Assessed Land Value: 663000
  • Total Assessed Value: 816000
  • Assessor Parcel Number: 5048-001-032
  • Lot Size Area: 5672

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 10.11
  • Number Of Units: 4
  • Type Of Units: Multifamily

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2025
Closed on
Oct 3, 2025
Sold by
Qq Group Llc
Bought by
Lotr 1 Llc
Seller's Agent
Jason Tuvia
Marcus & Millichap
Buyer's Agent
Ken Shapiro
Silverwood Properties
List Price
$1,395,000
Sold Price
$1,065,000
Premium/Discount to List
-$330,000
-23.66%
Views
13

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-16.39%
Original Mortgage
$852,000
Outstanding Balance
$852,000
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$173,716

Purchase Details

Closed on
Mar 19, 2011
Sold by
Alexander Laruita D
Bought by
Alexander Laurita D and Laurita D Alexander Revocable
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Grant Deed $1,065,000 First American Title
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $852,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/23/2025 10/23/25 Sold $1,065,000 -14.8% $389 / Sq Ft
09/29/2025 09/29/25 Pending -- -- --
09/10/2025 09/10/25 Price Changed $1,250,000 -5.7% $457 / Sq Ft
08/21/2025 08/21/25 Price Changed $1,325,000 -1.5% $484 / Sq Ft
08/07/2025 08/07/25 Price Changed $1,345,000 -3.6% $492 / Sq Ft
07/22/2025 07/22/25 For Sale $1,395,000 -- $510 / 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 $10,650 $832,320 $676,260 $156,060
2024 $10,650 $816,000 $663,000 $153,000
2023 $10,460 $800,000 $650,000 $150,000
2022 $1,621 $65,079 $23,069 $42,010
2021 $1,589 $63,804 $22,617 $41,187
2019 $1,563 $61,914 $21,948 $39,966
2018 $1,458 $60,701 $21,518 $39,183
2016 $1,341 $58,346 $20,684 $37,662
2015 $1,331 $57,471 $20,374 $37,097
2014 $1,372 $56,346 $19,975 $36,371
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 25568371

The MLS

APN: 5048-001-032