NOT LISTED FOR SALE
5 Beds
5 Baths
2,478 Sq Ft
7,279 Sq Ft Lot

Sale Details

Date Sold: July 30, 2024

Last sale price $1,480,000 $597 Per Sq Ft

38 Days on Market

About This Home

As of July 2024

Price Reduced! We are proud to present this 5 Unit Multi-Family opportunity which consists of (5) 1-Bedroom/1-Bathroom cottage/bungalow style units one of which will be delivered vacant. Located in one of LA's hottest markets, this property is directly across the street from Amazon Studios and Culver Studios. This investment allows a Buyer to be in the epicenter of Culver City's revitalized downtown which includes mega tech companies and new developments such as: The newly approved Apple Campus, Sony Pictures Animation, Sony Studios, One Culver, The Culver City Steps, New HBO HQ, Ivy Station, Amazon Studios, Culver Studios, Expo Line and more. The walkability factor combined with the property's layout and charm makes this a rare opportunity. The property sits on a spacious 7,279-SF corner lot and offers both front yard and side-yard space for tenants and pets who look forward to enjoying the outdoors. The property also offers the capability of potentially adding an ADU! Sitting in the epicenter of Culver City's major developments as well as the property's immediate proximity to major tech companies like Apple and Amazon, this investment gives a new owner an incredible opportunity that will potentially provide significant property appreciation and higher than average rental demand.

Last Agent to Sell the Property

Gianluca Jacoli

Shield CRE, Inc. License #01938297 Listed on: 04/22/2024

Last Buyer's Agent

Gianluca Jacoli

Shield CRE, Inc. License #01938297 Listed on: 04/22/2024

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 7,279 Sq Ft Lot

Parking

  • 3 Car Garage

Interior Spaces

  • 2,478 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Listing and Financial Details

  • Assessor Parcel Number 4206-009-001

Community Details

Overview

  • 5 Buildings
  • 5 Units

Building Details

  • Vacancy Allowance $3,407

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

7,279 Sq Ft Lot

Parking

3

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 2478
  • Lot Acreage: 0.1671
  • Price Per Unit: 355000.00
  • Stories: 1
  • Year Built: 1928
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 5
  • Total Bathrooms: 5.00
  • Price Per S Q F T: 716.30

Exterior Features

  • Other Structures: Other
  • Paved: Yes

Garage/Parking

  • Garage Spaces: 3
  • Garage Structures: 3
  • Parking Garage: Garage
  • Total Parking: 3

Utilities

  • Number Electric Meters: 5
  • Number Gas Meters: 5

Lot Info

  • Assessed Improvement Percent: 38.91
  • Assessed Improvement Value: 200775
  • Assessed Land Percent: 61.09
  • Assessed Land Value: 315253
  • Total Assessed Value: 516028
  • Assessor Parcel Number: 4206-009-001
  • Lot Size Area: 7279

Rental Info

  • Total Actual Rent: 113568.00

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 15.63
  • Number Of Units: 5
  • Type Of Units: 1+1
  • Vacancy Allow: 3407
  • Vacancy Allow Percent: 3.00

Tax Info

  • Tax Rate: 1.25
  • Tax Total: 22187.50

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2024
Closed on
Jul 23, 2024
Sold by
Bought by
Seller's Agent
Gianluca Jacoli
Shield CRE, Inc.
Buyer's Agent
Gianluca Jacoli
Shield CRE, Inc.
List Price
$1,850,000
Sold Price
$1,480,000
Premium/Discount to List
-$370,000
-20%
Views
29

Purchase Details

Closed on
Mar 2, 2012
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,480,000 Fidelity National Title
-- None Available
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/30/2024 07/30/24 Sold $1,480,000 -16.6% $597 / Sq Ft
05/30/2024 05/30/24 Pending -- -- --
05/10/2024 05/10/24 Price Changed $1,775,000 -4.1% $716 / Sq Ft
04/22/2024 04/22/24 For Sale $1,850,000 -- $747 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $22,234 $1,480,000 $1,100,000 $380,000
2024 $11,321 $526,348 $321,558 $204,790
2023 $10,988 $516,028 $315,253 $200,775
2022 $10,542 $505,911 $309,072 $196,839
2021 $10,306 $495,992 $303,012 $192,980
2019 $9,769 $481,282 $294,025 $187,257
2018 $9,472 $471,846 $288,260 $183,586
2016 $8,404 $453,525 $277,067 $176,458
2015 $8,371 $446,714 $272,906 $173,808
2014 $8,342 $437,965 $267,561 $170,404
Source: Public Records

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Map

Source: The MLS

MLS Number: 24-383177

The MLS
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