Property Detail

Description

Four unit new construction income property in an amazing Culver City adjacent location just minutes from Downtown Culver City and the Cumulus District. 7,453 square feet of modern and luxurious living space with total of 18 bedrooms, 18 bathrooms, 10 parking spaces in a gated lot, plus multiple balconies and private backyard. Non rent-control property. Conveniently located near major transportation hubs but also nestled within a surprisingly quiet residential neighborhood. All 4 units are currently leased by a single long term tenant with gross monthly rent of $21,700 ($260,400 per year) and minimal expenses, providing a current Cap Rate over 6%! Seller financing is available at market rates and terms.