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Key Details
Sold Price $7,880,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 14,954 sqft
Price per Sqft $526
MLS Listing ID 23230499
Sold Date 09/20/23
Bedrooms 14
HOA Y/N No
Year Built 2017
Lot Size 7,078 Sqft
Property Description
This apartment complex comprises 13 units. The unit mix consists of 3-1 bed+ 1bath units, 1-2bed + 2bath unit and 9-three story 1 bed + 1.5 bath loft/townhome units. Located on the cusp Culver City and Playa Vista in the hub of Silicon Beach. Built in 2017, this property is not subject to AB 1482 or LA RSO. Parking is on-site with 14 spaces. All units have plenty of outdoor space with balconies and/or decks and plenty of natural light. Unit amenities include in-unit washer/dryer, central heating/air conditioning, large windows, sizable closets, and hardwood floors throughout with up to 19' ceilings. Kitchens feature Qortstone countertops, custom cabinets, and are fully equipped with stainless steel appliances. The bathrooms contain modern, ceramic tile flooring, glass/marble accented showers, and Qortstone countertops. 1 Units will be delivered vacant. 7 of the units have not received a rent increase in over a year. There is an opportunity to upgrade a shared outdoor space and convert the gym into an ADU/Studio unit. Rents are approximately 24% under market. Favorable to tenants, the location is steps away from The Campus in Playa Vista. Home to leading tech companies like Google, Youtube and Facebook. The Runway Playa Vista is close by, offering a Whole Foods, Century Theaters, many chic shops and lifestyle restaurants. In addition, tenants have easy access to major freeways, downtown Culver City and Los Angeles International Airport. All offers must be written on a California Association of Realtors RIPA Form.
Location
State CA
County Los Angeles
Area C28 - Culver City
Zoning LAR3
Interior
Heating Central
Fireplace No
Appliance Dishwasher, Dryer, Washer
Exterior
Garage Assigned
Total Parking Spaces 14
Building
Story 5
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 4220019036
Special Listing Condition Standard
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Bought with ERIC CHEN • CB RICHARD ELLIS
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