$1,600,000
SOLD MAR 13, 2025
5 Beds
4 Baths
2,492 Sq Ft
6,752 Sq Ft Lot

Recently Sold

$642 Per Sq Ft

20% Below List Price

89 Days on Market

Highlights

  • No HOA
  • Laundry Room
  • 4-minute walk to Dr Paul Carlson Memorial Park
  • Linwood E. Howe Elementary School Rated A-
  • 1-Story Property

About This Home

As of March 2025

Fantastic 4-Unit Income-Producing Property in Prime Culver City Location! Steps from Sony Pictures Studio!
Main house is currently owner occupied (2/1). Unit B (detached structure) is tenant occupied (1/1). Unit C (detached structure) is tenant occupied (1/1). Unit D (attached to main house) is tenant occupied (1/1). Tenants park on street and are responsible for gas, electricity, and TV/internet. Owner pays water/sewer and trash. 4 car garage currently used as storage. On-site community coin op laundry room. Well-maintained grounds. Current rent roll is $6,300 excluding the main house which is owner occupied. The opportunities here are endless! Property could be owner-occupied helping offset a mortgage payment, could be used as a 4-unit income producing property increasing cash flow once main house is tenant occupied. Or, it could be a development opportunity. Priced for a quick sale!

Last Agent to Sell the Property

Alexa Aimer

The Oppenheim Group Brokerage Phone: 9493065965 License #02099342 Listed on: 11/23/2024

Last Buyer's Agent

Alexa Aimer

The Oppenheim Group Brokerage Phone: 9493065965 License #02099342 Listed on: 11/23/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,894

Year Built

  • Built in 1924

Lot Details

  • 6,752 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage

Home Design

  • Quadruplex
  • Shingle Roof

Interior Spaces

  • 2,492 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, parking fee
  • Legal Lot and Block 10 / 8
  • Tax Tract Number 1775
  • Assessor Parcel Number 4207012012
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • Rent Control
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $960
  • Insurance Expense $5,000
  • Maintenance Expense $6,000
  • Trash Expense $400
  • Water Sewer Expense $4,200
  • Operating Expense $17,060
  • Gross Income $75,936
  • Net Operating Income $58,540

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,894

Year Built

Built in 1924

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Price Per Unit: 449975
  • Property Attached: No
  • Water Sewer Expenses: 4200.00
  • Zoning: CCR4*
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 960.00
  • Parcel Number: 4207012012
  • Year Built: 1924
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: Main
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 642.05

Exterior Features

  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 400.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 6752.00
  • Lot Size Acres: 0.1550

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Parking Fee

Multi Family

  • Gross Income: 75936.00
  • Gross Scheduled Income: 75600.00
  • Insurance Expense: 5000.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 336.00
  • Lot Size Area: 6752.0000 Square Feet
  • Maintenance Expense: 6000.00
  • Net Operating Income: 58540.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Operating Expense: 17060.00
  • Rent Control: Yes
  • Total Actual Rent: 6300.00
  • Total Expenses: 17060.00

Tax Info

  • Tax Block: 8
  • Tax Census Tract: 7025.01
  • Tax Lot: 10
  • Tax Tract Number: 1775

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 23, 2024
Closed on
Mar 7, 2025
Sold by
Sofia Mcdonald Living Trust and Mcdonald Sofia
Bought by
J Hines Trust and Hines
Seller's Agent
Alexa Aimer
The Oppenheim Group
Buyer's Agent
Alexa Aimer
The Oppenheim Group
List Price
$1,999,900
Sold Price
$1,600,000
Premium/Discount to List
-$399,900
-20%
Views
49
Current Estimated Value
$1,610,777

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,777
Avg. Annual Appreciation
2.03%

Purchase Details

Closed on
Apr 25, 2012
Sold by
Mcdonald Sofia
Bought by
Mcdonald Sofia and The Sofia Mcdonald Living Trus

Purchase Details

Closed on
Apr 2, 2012
Sold by
Ginsberg Stephen Barry and John R Mcdonald Family Trust
Bought by
Mcdonald Sofia

Purchase Details

Closed on
Sep 23, 2011
Sold by
Mcdonald John R and John R Mcdonald Family Trust
Bought by
Mcdonald Sofia

Purchase Details

Closed on
May 6, 2011
Sold by
Mcdonald John R
Bought by
Mcdonald John R and John R Mcdonald Family Trust

Purchase Details

Closed on
Sep 2, 2009
Sold by
Mcdonald John R and Mcdonald Family Trust
Bought by
Mcdonald John R

Purchase Details

Closed on
Nov 30, 2007
Sold by
Mcdonald Sofia H
Bought by
Mcdonald John R and The Mcdonald Family Trust

Purchase Details

Closed on
Mar 23, 2004
Sold by
Mcdonald John R
Bought by
Mcdonald John R and The Mcdonald Family Trust

Purchase Details

Closed on
Feb 20, 2004
Sold by
Mcdonald John R
Bought by
Mcdonald John R and The Mcdonald Family Trust
Source: Public Records

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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 $1,600,000 Lawyers Title Company
Interfamily Deed Transfer -- None Available
Quit Claim Deed -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $83,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/13/2025 03/13/25 Sold $1,600,000 -11.1% $642 / Sq Ft
02/20/2025 02/20/25 Pending -- -- --
01/11/2025 01/11/25 Price Changed $1,799,900 -10.0% $722 / Sq Ft
11/23/2024 11/23/24 For Sale $1,999,900 -- $803 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $14,894 $929,469 $628,023 $301,446
2024 $14,894 $911,245 $615,709 $295,536
2023 $14,360 $893,379 $603,637 $289,742
2022 $13,632 $875,862 $591,801 $284,061
2021 $13,435 $858,690 $580,198 $278,492
2020 $13,063 $849,886 $574,249 $275,637
2019 $12,770 $833,223 $562,990 $270,233
2018 $12,423 $816,886 $551,951 $264,935
2016 $11,374 $785,168 $530,519 $254,649
2015 $11,293 $773,375 $522,551 $250,824
2014 $11,201 $758,226 $512,315 $245,911
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC24239520

California Regional Multiple Listing Service (CRMLS)

APN: 4207-012-012