Description

A rare opportunity to buy and build an incredible 4 units in Culver City. The seller is selling the property with RTI plans for 4 units that is consist of 2 duplexes. Each unit has 4 bedrooms and 4.5 baths and roof top deck. There is no underground parking, making the project affordable to build and a time saver. There are on grade parking. The project consist of 16 bedrooms and 20 bathrooms with each unit 3 stories and a roof top deck. The plans were designed meticulously by an AIA architect paying enormous amount of attention to details. We estimate build up value to be approximately $4.9 million. The neighborhood demands high rents for similar units. This will be a premier project and it is priced right for a quick sale. Sawtelle is recognized for its walkable, transit-friendly vibe, a diverse mix of housing, and a lively cultural/culinary scene especially along Sawtelle Boulevard. Proximity to tech, media, and entertainment employers (Apple, Amazon Studios, Sony Pictures, TikTok, etc is a compelling reason to buy this property. Culver City has experienced long-term, above-average appreciation due to:Limited supply of buildable land, Rapid growth of the tech/creative economy, Easy access to West LA, Santa Monica, Playa Vista, LAX, and Excellent schools and a safe, community-focused environment.