$6,299,000 Price Analysis   ♡   Culver City, CA 90230 2 bed 22 bath 8,492 SqFt ($741/SqFt) 0.25 acre lot. Built 1956 Listed 2024-06-14, Taxes $33,177 | Ⓧ USDA Ineligible due to price & location near Culver City |
A Westside investment to grow with.
Classic, SoCal garden-style walkup property surrounding a sparkling pool. The perfect unit mix, particularly for Culver City: Studio units are highly desirable for the young, 'hip' renting demos in Culver and West LA, where lifestyle and location trump bedroom count or square footage. Studios are highly approachable, pricewise, for many renters and therefore, vacancies are quickly filled. AND, Studios afford an opertor a nice hedge against rent control! Some occasional, organic turnover, here, helps keep rents pacing with mar ket - unlike buildings made up of 2 and 3 Bedroom units, that tend to turn over, less frequently.
Location strength: Culver City straddles the 405 Fwy. and borders Venice, Playa Vista, Palms and Rico Robertson. The subject property is well-located between the 405 Fwy. and downtown Culver and Sony Studios - and easily walkable to all the retail and dining along Sepulveda, around the corner, literally. Lastly, excellent ASSUMABLE FINANCING AT ONLY 3.45%. Loan amount $2.48MM. Fixed until Mar. 2026.Priced at $286K/unit - well under the Culver City sales comp average of $333K/unit .EXCLUSIVELY LISTED AT $6, 299, 000.
Presented by Brice Head at
CBRE, Inc.
Property MLS #24-403971 from TheMLSCLAW
Full Bathrooms: 22
Garage Description: Carport Attached
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 10805
Calculated Total Monthly Association Fees: 0
Number of Units: 22
Unit Features: 1 BathsTotal: 1, 1 SquareFeet: 41000
County: Los Angeles
Directions: Sepulveda blvd. & Culver blvd.
Source Property Type: Residential Income
Area: Culver City
Source Neighborhood: Culver City
Parcel Number: 4215-014-022
Zoning: CCC3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $887,114 + $1,330,673 $2,217,787 | $33,177 |
| 2021 | $869,720 + $1,304,582 $2,174,302 | $33,319 |
| 2020 | $860,803 + $1,291,206 $2,152,009 | $33,186 |
| 2019 | $843,925 + $1,265,889 $2,109,814 | $32,407 |
| 2018 | $840,000 + $1,800,000 $2,640,000 | $38,566 |
| 2017 | $811,155 + $1,216,734 $2,027,889 | $31,315 |
| 2016 | $795,250 + $1,192,877 $1,988,127 | $29,049 |
| 2015 | $783,305 + $1,174,959 $1,958,264 | $28,942 |
| 2014 | $767,962 + $1,151,944 $1,919,906 | $28,887 |
| 2013 | $764,492 + $1,146,738 $1,911,230 | $27,908 |
| 2012 | $704,000 + $1,056,000 $1,760,000 | $25,335 |
| 2010 | $706,544 + $1,130,473 $1,837,017 | $26,331 |
| 2009 | $702,930 + $1,124,691 $1,827,621 | $25,879 |
| 2009 | $701,264 + $1,122,025 $1,823,289 | $25,879 |
| 2008 | $689,148 + $1,102,639 $1,791,787 | $26,273 |
| 2007 | $675,636 + $1,081,019 $1,756,655 | $25,144 |
$6,299,000
TheMLSCLAW
Listing removed 2021-03-28
$0
TheMLSCLAW
Listed 2020-10-30
$6,099,000
TheMLSCLAW
Listing removed 2020-10-05
$0
AppfolioUnits
Listed for rent 2020-09-06
$1,675
AppfolioUnits
Listing removed 2020-07-22
$0
AppfolioUnits
Listed for rent 2020-07-17
$1,695
AppfolioUnits
Listing removed 2020-07-17
$0
AppfolioUnits
Listed for rent 2020-07-11
$1,695
AppfolioUnits
Listing removed 2019-10-25
$0
AppfolioUnits
Listed for rent 2019-10-17
$1,800
AppfolioUnits
Listing removed 2014-01-19
$1,550
WestsideRentals
Listed for rent 2013-12-11
$1,550
WestsideRentals
Listing removed 2013-12-10
$1,550
WestsideRentals
Sold 2002-07-31
$1,625,000
ITECH
Listed 2002-04-03
$1,650,000
ITECH
Year Built: 1956
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 68
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.