Condominium buy in Culver City California

vailable for the first time in well over 30 years, this 8* unit (*legally 7) investment property is located in Culver City (Los Angeles P.O.), is listed at a current 5.46% Cap Rate, with almost 20 % +/- rental upside! The units are comprised of Seven 1 Bedroom units and One Studio (nonconforming), and are organized around a charming central courtyard, with attractive landscaping and seating areas for tenants. The units are all very spacious, and common area expenses are very minimal (contact agent for details). This is a very charming gem of a property; the nearly 10,000 square foot lot is surrounded by a line of trees, helping to keep the central courtyard as quiet and peaceful as possible for tenants. There are also 8 garages in the back, some of which are leased out by the owner for additional income, and onsite laundry (owned) is available for tenant's convenience. Each unit has its own individual water heater and two units have fireplaces. Utilities are also very low at this property - check with agent for details. MLS® ID: SB22226882 Listed: 10/20/22 Updated: 10/25/22 Interior Features Total Bedrooms: 0 Total Bathrooms: 0 Laundry Description: Common Area Exterior/Building Features Lot Size: 9,984 ft2 lot Lot Details: Street Level Sewer: Public Sewer Other Property Details Area Name: 699 - Not Defined HOA Amenities: Sidewalks Garage: Yes Garage Spaces: 8 Parking: Y Parking Total: 8.0 View: N County: Los Angeles Water Source: Public Pool: No Pool Description: None Zoning: CCR4YY Courtesy of Keller Williams Beach Cities, Josh Cohen, Listing Contact: Based on information from California Regional Multiple Listing Service, Inc. as of 10/25/22. 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.