4034 Madison Ave Culver City, CA 90232
Pending
$2,599,000
3 Units
5 Beds
7 Baths
3,374 Area(sq.ft.)
6,754 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 2 | No | $ 5,500 | $ 5,500 | $ 5,500 |
| Unit 2 | 1 | 2 | 3 | No | $ 4,850 | $ 4,850 | $ 5,700 |
| Unit 3 | 1 | 1 | 2 | No | $ 2,970 | $ 2,970 | $ 2,970 |
| 3 | 3 | 5 | 7 | $ 13,320 | $ 13,320 | $ 14,170 |
| MLS #: | 24-455753 |
| Days On Market: | 55 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 770 |
| Price per unit: | $ 866,333 |
| Year Built: | 1924 |
Property Details
Incredible Opportunity in Culver City's Carlson Park! This Gorgeous 1924 Spanish home has been updated, but maintains its original charm with its inlaid ceiling, fireplace, open archway to the formal dining room and open archway to the remodeled kitchen. Just as Amazing is the new duplex built in 2014 behind the detached home. Built above a new 2-car garage and two new 1-car garages, Unit #A has 1bedroom & 1.5 Bathrooms (rents for $2970/month) and Unit #B has 2 bedrooms & 2.5 Bathrooms (rents for $4850/month), all with similar Spanish style to make an incredible triplex in downtown Culver City! Live in the front home and collect about $8000/month in rent! (With 30% down, a 5.25% mortgage is approximately $10,000/month so the rent could cover almost 80% of your mortgage payment). Incredible location surrounded by shops & restaurants in the middle of all the action in downtown Culver City! Amazing Investment Opportunity!Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Vacancy Rate: | 33% |
| Gross Operating Income: | $ 159,840 |
| Total Annual Expense: | $ 0 |
| Net Operating Income: | $ 159,840 |
| Gross Annual Income: | $ 159,840 |
| Gross Rent Multiplier: | 16.27 |
Structure
| Type of Units: | Triplex |
| Buildings: | 2 |
| Levels: | Multi/Split |
| Style: | Spanish |
| View Description: | None |
Land & Parking
| Zoning: | CCR4* |
| Parking Garage: | Garage - 4+ Car |
Interior
| AC/Cooling: | Air Conditioning |
| Equipment: | Dishwasher, Dryer, Garbage Disposal, Range/Oven, Refrigerator, Washer |
| Heating: | Wall |
| Fireplace Rooms: | Living Room |
| Laundry: | In Unit, Inside |
| Laundry Equipment: | Own |
Exterior
Detailed Map
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Income
