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NO LA CITY RENT CONTROL. Other LA, State, County rental housing rules/regs may apply. Buyer to undertake all due diligence in that regard; Broker/Agents make no representations concerning same. Located on a cul-de-sac in Palms, this 9-unit, non-rent control multifamily property offers tenants the best of both worlds: a residential setting on a quiet street offering the conveniences of Downtown Culver City and other nearby retail centers. Key landmarks, including Culver City Hall, Sony Pictures Studios, Apple, Amazon and other top employment centers are within close proximity, making this an ideal spot for building residents. Built on an approximately 7,317 square foot lot the property consists of (4) two bedroom/two bathroom units, (1) one bedroom/one bathroom unit, and (4) studios, totaling over 7,600 square feet of living space. Depending on the unit, amenities include dens, lofts and balconies. The building also features off-street parking with space for up to 9 cars, and on-site laundry. Moments to the freeways and multiple Metro E Line stations, such as Palms and Culver City stations, providing easy light rail access to Santa Monica, Downtown Los Angeles and all points in between. Generating $214,896 a year, this property is not just a great investment -- priced at an almost 5% cap, it is a golden opportunity for your portfolio with strong upside in rents.
Property Type(s):
Residential Income
| Last Updated | 1/31/2025 | Year Built | 1984 |
|---|---|---|---|
| Community | Beverlywood Vicinity | County | Los Angeles |
SCHOOLS
| School District | Los Angeles Unified |
|---|
Additional Details
| APPLIANCES | Dishwasher, Disposal, Dryer, Range, Refrigerator, Washer |
|---|---|
| AREA | Beverlywood Vicinity |
| CONSTRUCTION | Stucco |
| FIREPLACE | Yes |
| GARAGE | Assigned, Attached Carport, Yes |
| HEAT | Wall Furnace |
| INTERIOR | Loft, Utility Room |
| LOT | 7317 sq ft |
| LOT DESCRIPTION | Front Yard |
| PARKING | Attached Carport,Assigned |
| POOL DESCRIPTION | None |
| SEWER | Other |
| STORIES | 2 |
| STYLE | Traditional |
| VIEW | Yes |
| VIEW DESCRIPTION | City Lights |
| ZONING | LAR3 |
Location
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Listed with Rodeo Realty
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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