Los Angeles, CA90034
| 4854 sqft | MLS# 25507509
Tract:
For Sale $3,000,000
Description
The property is well located in the highly desirable Palms submarket of WLA, adjacent to bustling neighborhoods of Culver City, Santa Monica, etc. With trendy eateries, bars, shops, and iconic beaches just minutes away, the property benefits from a positive trend in asking rents and legendary long-term capital appreciation. The property's proximity to renowned employers such as Sony, Apple, Google, YouTube, and Tesla makes it an attractive location for young, professional renters. The property comprises 9 recorded units, with the unique advantage of being configurable into 11 units, providing flexibility and upside potential for inventors. It offers an efficient mix of studios and 1+1 units,with opportunities for additional upside from ADU conversions and renovations upon turnover. The average current rents for the units are significantly below market rates, presenting tremendous NOI upside.
Facts
| Built in 1962 | Lot Size: 6490.00 sqft | HOA Dues: $0/month
Features
Listing provided by Scott Rosenberg, Kidder Mathews of California, Inc.
Based on information from California Regional Multiple Listing Service, Inc. as of March 13, 2025. 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.
