4065 Lafayette Pl Culver City, CA 90232
Active
$2,850,000
5 Units
5 Beds
5 Baths
3,998 Area(sq.ft.)
9,033 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 1 | 1 | No | $ 2,195 | $ 2,195 | $ 2,500 |
| Unit 2 | 1 | 1 | 1 | No | $ 2,295 | $ 2,295 | $ 2,500 |
| Unit 3 | 1 | 1 | 1 | No | $ 2,500 | $ 2,500 | $ 2,500 |
| Unit 4 | 1 | 1 | 1 | No | $ 2,094 | $ 2,094 | $ 2,400 |
| Unit 5 | 1 | 1 | 1 | No | $ 2,387 | $ 2,387 | $ 2,400 |
| 5 | 5 | 5 | 5 | $ 11,471 | $ 11,471 | $ 12,300 |
| MLS #: | 24-433123 |
| Days On Market: | 28 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 713 |
| Price per unit: | $ 570,000 |
| Year Built: | 1951 |
Property Details
The ABSOLUTE BEST LOCATION in Downtown Culver City. Lafayette Place. AND, OWNER FINANCING. OWNER WILL CARRY THE FIRST at 6% interest for 5 years. Just 1/2 block from Culver Blvd and all of the Vibrancy of Downtown. Walk to all of the restaurants, bars and shops as well as to Sony Pictures, Amazon Studio, Ivy Station, The Platform and much more. Immaculate 5 unit building on a huge 9033 square foot lot. Potential for future development. All new vinyl dual pane windows. Exterior newly painted. 4 detached garages are used by owner and will be vacant for additional income. 5 units, all one bedroom + one bath with hardwood floors, ceiling fans and front and back doors. All units have washer and dryers in the units. Some units have remodeled kitchens, flooring etc. Individual water heaters and gas and electric meters. Owner pays water. Two of the units have private enclosed patios and the rear unit, over the garages has a private deck. One unit is owner occupied at $1600 per month. This rent will be $2500 at close of escrow. Potential income from 4 inclosed garages is $1000 per month.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Rent Control: | Yes, 5% |
| Gross Operating Income: | $ 149,652 |
| Total Annual Expense: | $ 61,164 |
| Net Operating Income: | $ 88,488 |
| Gross Annual Income: | $ 149,652 |
| Cap Rate: | 3% |
| Gross Rent Multiplier: | 19.00 |
| Actual Gross Rent: | $ 137,652 |
| Actual Gross Income: | $ 149,652 |
| Actual Rent Total: | $ 137,652 |
Structure
| Amenities: | None |
| Type of Units: | APARTMENTS |
| Buildings: | 2 |
| Levels: | Multi/Split |
| Security Features: | Carbon Monoxide Detector(s), Exterior Security Lights, Smoke Detector |
| Style: | Contemporary |
| Sewer: | In Connected and Paid |
| View Description: | City, Trees/Woods |
| Water: | Public, Meter on Property |
Land & Parking
| Zoning: | CCR4YY |
| Parking Garage: | Garage Is Detached |
Interior
| Cooking Appliances: | Cooktop - Gas, Oven-Gas |
| AC/Cooling: | None |
| Equipment: | Ceiling Fan, Dryer, Garbage Disposal, Washer, Refrigerator, Range/Oven |
| Heating: | Natural Gas, Wall |
| Kitchen Features: | Counter Top |
| Laundry: | Inside, In Unit |
| Laundry Equipment: | Own |
| Patio Features: | Enclosed |
Exterior
| Exterior Construction: | Stucco |
| Pool: | No |
| Roof: | Composition, Shingle |
| Spa: | No |
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