4141 Lincoln Ave Culver City, CA 90232
Pending
$2,325,000
3 Units
5 Beds
3 Baths
2,440 Area(sq.ft.)
6,753 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 1 | 1 | No | n/a | n/a | $ 4,000 |
| Unit 2 | 1 | 2 | 1 | No | n/a | n/a | $ 5,500 |
| Unit 3 | 1 | 2 | 1 | No | $ 3,125 | $ 3,127 | $ 4,000 |
| 3 | 3 | 5 | 3 | $ 3,125 | $ 3,127 | $ 13,500 |
| MLS #: | 24-456527 |
| Days On Market: | 53 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 953 |
| Price per unit: | $ 775,000 |
| Year Built: | 1948 |
Property Details
Culver City tri-plex located on tree lined street in prime location, just blocks from Downtown Culver City. Two of the three units are vacant. Front unit is a free-standing single-family home with beautiful hardwood floors that extend throughout the house. Bright and open floor plan. Updated kitchen has all built in appliances as well as a daily eating area and plenty of counter and cabinet space. Laundry inside just off the kitchen in service porch area. Sliding door opens to private bricked patio with trellis covering. Ideal for outdoor meals or just relaxing. Rear building has a two-bedroom unit upstairs and a one-bedroom unit downstairs. The upstairs unit has hardwood flooring, recessed lighting, and a fully updated kitchen with built in appliances. Laundry inside the unit. Bright and cheerful. The downstairs unit is one bedroom and one bath with kitchenette and sliding door leading out to a beautifully landscaped private back yard with vine-covered pergola and is low-water use and low maintenance. The unit also has its own washer and dryer. Back yard also has large storage shed and free-standing auxiliary building which could be office, gym or even a guest room. It has separate AC, recessed lights and polished cement flooring. Owner has made several important upgrades to the property and has taken a lot of care of it over the years. Separate meters for each unit. Culver City is an incorporated city within LA County with one of the best public-school systems in the State, as well as exceptional city services such as police, fire and recreation. Numerous parks throughout the city and just a short walk to the Downtown restaurants, shopping and cinema. Great opportunity to live in the front house with substantial income from the other units to offset mortgage payments. Rare opportunity to purchase an income property with all 3 three units being delivered vacant. Detailed list of all improvements available by request.Interested in this Listing?
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Income Details
| Vacancy Rate: | 66% |
| Gross Operating Income: | $ 162,000 |
| Total Annual Expense: | $ 3,658 |
| Net Operating Income: | $ 158,342 |
| Gross Annual Income: | $ 37,500 |
| Gross Rent Multiplier: | 14.35 |
| Actual Gross Rent: | $ 37,500 |
Structure
| Type of Units: | 3 |
| Buildings: | 2 |
| Levels: | Multi/Split |
Land & Parking
| Zoning: | CCR2YY* |
| Parking Garage: | Driveway - Combination, Electric Vehicle Charging Station(s) |
Interior
| AC/Cooling: | Air Conditioning |
| Equipment: | Built-Ins, Dishwasher, Dryer, Garbage Disposal, Microwave, Range/Oven, Refrigerator, Stackable W/D Hookup, Washer |
| Heating: | Combination |
| Laundry: | In Unit |
Exterior
Detailed Map
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