9051 Lucerne Ave, Culver City, CA 90232

$2,299,999
6
BD
5
BA
3,306
SqFt
List Price
$2,299,999
MLS#
22-195297
Year Built
1923
Bedrooms
6
Bathrooms
5
Living Sq. Ft
3,306
Lot Size
5,945
Days on Market
94
Property Type
Multifamily
Style
Architectural
Stories
2

Property Description

This is an amazing opportunity to acquire an income producing triplex in the heart of Culver City. Two of the three units are near completion. The third and back unit will need to be constructed. The plans are approved now. Cap rate of the finished product will be between 5.19-6. The architectural/structural plans and cash flow analysis are available upon request. Unit 1: 2 bed, 2 bath, approximately 1,281 sq ft Unit 2: 1 bed, 1 bath, approximately 586 sq ft. Unit 3: 3 beds, 2.5 bath with attached 2 car garage and 2 carports, approximately 1,439 sq ft (to be constructed). The new owners can capitalize on high rental demand for the area. The tenants can enjoy the property's location as it's walking distance to Downtown Culver City and close proximity to the freeways, downtown LA, beach communities and studios including Amazon, Sony and HBO. Culver City has lots of recent, on-going and planned developments including but not limited to the Ivy Station, The Culver Steps, Culver Public Market Hall and the Media Park Revitalization and Conceptual Plan Development. This property is perfect for a first time home buyer to live in one of the units, rent out the other two units to help with the mortgage or for an investor who's looking for passive income.

Additional Information

Other Buildings
Other
Pool Description
None
Heat
None
Cooling
None
View
City
Number of Cars in Garage
Carport, Driveway
Water
Public

Mortgage Calculator

Amount of Loan
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Calculator source: Real Geeks

Courtesy of , Ruth Elia - CA DRE#

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