Culver City, CA 90066,4073 Sawtelle BLVD
Culver City, CA 90066,4073 Sawtelle BLVD
Culver City, CA 90066,4073 Sawtelle BLVD
Culver City, CA 90066,4073 Sawtelle BLVD
Culver City, CA 90066,4073 Sawtelle BLVD
Culver City, CA 90066,4073 Sawtelle BLVD
See all 25 photos

$1,900,000

$1,800,000

5.6%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

8,258 Sqft Lot


SOLD DATE : 07/21/2022

Key Details

Sold Price $1,900,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CV22121478

Sold Date 07/21/22

HOA Y/N No

Year Built 1949

Lot Size 8,258 Sqft

Property Description

Unique single story multi-family 4 unit property on a spacious double lot consisting of 8257 SF located in prime location of McLaughlin-Culver City in Los Angeles, near Venice, Marina Del Rey, Santa Monica, LAX, Playa Vista, Century City, and Silicon Beach. This property has an ideal unit mix with two 2 bedroom/1 bath units and two 1 bedroom/1 bath units. Property contains a separate room for shared laundry facilities and two 2 car detached garages. There is additional parking in the long driveway and on the street right in front of the property for easy access to all the units. Each unit has its own address and is separately metered for Electricity and Gas. All units have wall heaters. In the back of the property there is a large common area where you can entertain and have BBQ’s with family and friends on warm California nights. Owners/Investors can rent out garages for storage or take advantage of current ADU laws to convert these to an additional unit. (Buyer to verify - Note: ADU Site Plan is included in the Supplements). Zoned RMD allows you to take advantage of the huge lot enabling plenty of room to expand and build up to 5 units on this property (buyer to verify). With excellent upside potential in rents, this offering presents an excellent value-add opportunity in a sought-after coastal market ideal for investors or developers. Three units have tenants and one of the 2 bedroom units is vacant. The building has a history of very low vacancy, and is well-cared for. This property allows investors the perfect opportunity to expand and increase their income in this strong rental market with an affluent tenant base or simply start collecting rental income on day 1. Top Rated K-12 Culver City school district. This location is in close proximity to flourishing Los Angeles employers of Silicon Beach and Downtown Culver City, such as Apple (1.8 miles), Amazon (2.1 miles), Sony Studios (1.4 miles) and Google (4.2 miles). Also nearby is the NFL Network (.7 miles), Metro E line (Expo), Retail Shopping, plenty of Restaurants & Entertainment, Parks and Beaches. Easy access to the 405 and 10 freeways. Excellent walk Score of 74 (very walkable) and Transit Score of 50. The Expo Line runs through Mar Vista which connects Santa Monica to Downtown LA. Pro-forma Cap Rate is 4.64% and Pro-forma Gross Margin is 15.3%. Note: Property is sold as-is. No repairs or credits will be provided.

Location

State CA

County Los Angeles

Area C28 - Culver City

Zoning CCR4YY

Interior

Interior Features Ceiling Fan(s), Granite Counters, Tile Counters, All Bedrooms Down

Heating Wall Furnace

Cooling None

Flooring Carpet, Tile, Wood

Fireplaces Type None

Fireplace No

Appliance Gas Cooktop, Gas Oven, Microwave, Water Heater, Dryer, Washer

Laundry Laundry Room

Exterior

Garage Direct Access, Driveway Level, Garage

Garage Spaces 4.0

Garage Description 4.0

Fence Block

Pool None

Community Features Sidewalks

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Water Connected

View Y/N Yes

View Neighborhood

Roof Type Composition

Accessibility Parking

Total Parking Spaces 8

Private Pool No

Building

Lot Description 0-1 Unit/Acre, Front Yard, Lawn, Landscaped, Level, Near Public Transit, Paved, Sprinkler System, Street Level

Story 1

Entry Level One

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Traditional

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 4233030015

Security Features Smoke Detector(s)

Acceptable Financing Cash to New Loan, Conventional, Cal Vet Loan, 1031 Exchange, FHA, VA Loan

Listing Terms Cash to New Loan, Conventional, Cal Vet Loan, 1031 Exchange, FHA, VA Loan

Financing Cash to Loan

Special Listing Condition Trust

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


California Regional MLS (CRMLS)
Listed by MARIA CHARCA • CENTURY 21 CITRUS REALTY INC
Bought with Candis Morton • JMB Realty
agent-avatar

michelle@michellehomesellingteam.com

515 S Myrtle Ave, Monrovia, CA, 91016, USA

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.