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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$2,900,000

Est. payment - /mo

8,319 Sqft Lot

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UPDATED:

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB25172609

HOA Y/N No

Year Built 1953

Lot Size 8,319 Sqft

Property Sub-Type Mixed Use

Property Description

GREAT DEVELOPMENT OPPORTUNITY! Currently a 4-unit office building with proposed plans to return it to its original configuration as 6 apartments. Those plans include 6 two bedroom apartments with gated on-site parking including 6 carports & additional uncovered parking. Ideally located directly across from a Kaiser medical facility, west of the 405 freeway, and close to Marina del Rey. Over $320,000 in improvements were made in 2007 upgrading electrical, plumbing, mechanical, and other infrastructure throughout the property, converting the property into four postproduction offices for the entertainment industry. Technology advancements have since reduced demand for that usage. Those improvements can significantly offset the cost of restoring the property to 6 residential units. In the attached supplements is a list of expenditures for the upgrades performed. A first floor entry ramp provides easy access – great for occupants with mobility limitations. An attractive & spacious landscaped patio provides a comfortable outdoors recreational area. There are 6 Ring security cameras around the property, 2 storage rooms and 6 lockers. The sale includes 2 parcels: APN 4032017004 & 4032017003 (where the approx. 700 sq. ft. carports are located), totaling approx. 8301 sq. ft. of land. Attached photo of carports (with garage doors) is virtual and not its current configuration. Buyer is to verify any proposed development opportunities with the city.

Location

State CA

County Los Angeles

Area C28 - Culver City

Zoning CCC3YY

Interior

Interior Features Recessed Lighting, Storage

Heating Forced Air

Cooling Central Air

Flooring Laminate

Fireplaces Type None

Fireplace No

Laundry Inside

Exterior

Parking Features Carport, Driveway, Electric Gate, Storage

Carport Spaces 6

Fence Masonry, Wood

Pool None

Community Features Biking, Curbs, Sidewalks

Roof Type Composition

Accessibility Accessible Approach with Ramp

Total Parking Spaces 10

Private Pool No

Building

Lot Description Landscaped

Faces North

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 4232017004

Security Features Security Gate

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Trust

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Listed by Don Karasevicz Estate Properties 310-251-2593

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12044 W Washington BLVD Culver City, CA 90066