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Listed by Don Karasevicz • Estate Properties
$ 2,900,000
Est. payment | /mo
5,448 SqFt
$ 2,900,000
Est. payment | /mo
5,448 SqFt
Key Details
Property Type Single Family Home
Sub Type Commercial/Residential
Listing Status Active
Purchase Type For Sale
Square Footage 5,448 sqft
Price per Sqft $532
MLS Listing ID SB-25172609
Year Built 1953
Lot Size 8,321 Sqft
Property Sub-Type Commercial/Residential
Source California Regional Multiple Listing Service (CRMLS)
Property Description
GREAT DEVELOPMENT OPPORTUNITY! Currently a 4-unit office building with proposed plans to return it to its original configuration as 6 apartments. Those plans include 6 two bedroom apartments with gated on-site parking including 6 carports & additional uncovered parking. Ideally located directly across from a Kaiser medical facility, west of the 405 freeway, and close to Marina del Rey. Over $320,000 in improvements were made in 2007 upgrading electrical, plumbing, mechanical, and other infrastructure throughout the property, converting the property into four postproduction offices for the entertainment industry. Technology advancements have since reduced demand for that usage. Those improvements can significantly offset the cost of restoring the property to 6 residential units. In the attached supplements is a list of expenditures for the upgrades performed. A first floor entry ramp provides easy access – great for occupants with mobility limitations. An attractive & spacious landscaped patio provides a comfortable outdoors recreational area. There are 6 Ring security cameras around the property, 2 storage rooms and 6 lockers. The sale includes 2 parcels: APN 4032017004 & 4032017003 (where the approx. 700 sq. ft. carports are located), totaling approx. 8301 sq. ft. of land. Attached photo of carports (with garage doors) is virtual and not its current configuration. Buyer is to verify any proposed development opportunities with the city.
Location
State CA
County Los Angeles
Area C28 - Culver City
Zoning CCC3YY
Interior
Interior Features Recessed Lighting, Storage
Heating Forced Air
Flooring Laminate
Fireplaces Type None
Laundry Inside
Exterior
Parking Features Auto Driveway Gate, Built-In Storage, Carport, Driveway
Pool None
Community Features Biking, Curbs, Sidewalks
Building
Lot Description Landscaped, Lot 6500-9999
Sewer Public Sewer
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Marissa Buss & Danny Lampert
Lic# 01770909 | 01834114