Condominium buy in Culver City California

This is an amazing opportunity to acquire an income producing triplex in the heart of Culver City. Two of the three units are near completion. The third and back unit will need to be constructed. The plans are approved now. Cap rate of the finished product will be between 5.19-6. The architectural/structural plans and cash flow analysis are available upon request. Unit 1: 2 bed, 2 bath, approximately 1,281 sq ft Unit 2: 1 bed, 1 bath, approximately 586 sq ft. Unit 3: 3 beds, 2.5 bath with attached 2 car garage and 2 carports, approximately 1,439 sq ft (to be constructed). The new owners can capitalize on high rental demand for the area. The tenants can enjoy the property's location as it's walking distance to Downtown Culver City and close proximity to the freeways, downtown LA, beach communities and studios including Amazon, Sony and HBO. Culver City has lots of recent, on-going and planned developments including but not limited to the Ivy Station, The Culver Steps, Culver Public Market Hall and the Media Park Revitalization and Conceptual Plan Development. This property is perfect for a first time home buyer to live in one of the units, rent out the other two units to help with the mortgage or for an investor who's looking for passive income. MLS® ID: 22195297 Listed: 8/30/22 Updated: 10/17/22 Interior Features Total Bedrooms: 6 Total Bathrooms: 5 Cooling: None Heating: None Exterior/Building Features Lot Size: 5,945 ft2 lot Sewer: Other Other Property Details Area Name: C28 - Culver City Garage: No Parking: Carport, Driveway Parking Total: 6.0 View: Y County: Los Angeles Pool: No Pool Description: None Total Stories: 2 Zoning: CCR2YY Courtesy of Compass, Ruth Elia, Listing Contact: Based on information from California Regional Multiple Listing Service, Inc. as of 10/17/22. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.