Listed by Josh Cohen, Keller Williams Beach Cities,

3834 Sawtelle Boulevard

Culver City, CA, 90066

$2,800,000

$543 per ft²
$2,800,000
$543 per ft²
Active
Active
 - For Sale
carpenters-square
5,152 ft²
property_type
Multi-family
calendar
Built 1953
Available for the first time in well over 30 years, this 8* unit (*legally 7) investment property is located in Culver City (Los Angeles P.O.), is listed at a current 5.46% Cap Rate, with almost 20 % +/- rental upside! There is also assumable financing available, at 3.75%, interest only, for 55 months! The units are comprised of Seven 1 Bedroom units and One Studio (nonconforming), and are organized around a charming central courtyard, with attractive landscaping and seating areas for tenants. The units are all very spacious, and common area expenses are very minimal (contact agent for details). This is a very charming gem of a property; the nearly 10,000 square foot lot is surrounded by a line of trees, helping to keep the central courtyard as quiet and peaceful as possible for tenants. There are also 8 garages in the back, some of which are leased out by the owner for additional income, and onsite laundry (owned) is available for tenant’s convenience. Each unit has its own individual water heater and two units have fireplaces. Utilities are also very low at this property - check with agent for details.
MLS® ID:
SB22226882
Listed:
10/20/22
Updated:
1/31/23
RE/MAX Estate Properties
Bill Ruane

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
Common Area

Exterior/Building Features

Lot Size
9,984 ft² lot
Lot Details
Street Level
Sewer
Public Sewer

Other Property Details

Area Name
699 - Not Defined
Association Amenities
Sidewalks
Garage
Yes
Garage Spaces
8
Parking
8
Parking Total
8.0
View
N
County
Los Angeles
Water Source
Public
Pool
No
Pool Description
None
Zoning
CCR4YY
Buyer Agency Compensation
2.000

Listed by Keller Williams Beach Cities, Josh Cohen,
Listing Contact:  

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Data last updated 9:01 AM UTC, 1/31/23

RE/MAX Estate Properties
Bill Ruane
Contact