Description

Rare investment opportunity. Fourplex with detached garages and accessory rooms located along the western Culver City redevelopment corridor bordered by Marina del Rey, Playa Vista, Venice and Santa Monica. Major developmnets completed and in planning along this Washington Blvd corridor. Perfect for owner/user, hold for future development. The property has any interior upgrades, is well maintained and fully occupied, with room for rent adjustments. Hardwood floors, new bathroom tubs and tiling, large rooms and closets, new windows, blinds and hardware. Easy to maintain. New roof. Fully fenced metal with gates and push button locks. Garage space available fore each unit. Separate gas and electric meters for each unit. Culver City schools and Culver City Police. Upside potential: (a) Convert two double garages to ADU units with adjacent parking off the alley and separate entries. (b) rent upside in the units; (c ) convert the accessory rooms in the rear to laundry rooms. Purchase the fourplex next door and combine for future development value. Great exchange upleg for one or both buildings. Note that the building next door is also for sale.