Description
COMPLETELY UPDATED INCOME PROPERTY IN PRIME MID-CITY BETWEEN PICFAIR VILLAGE AND CULVER ARTS DISTRICT5 UNIT COMPLEX W/ RTI PLANS FOR TWO ADUSWe are pleased to present this 5-unit multifamily property that has been remodeled to the studs. RTI PLANS in hand for two ADUS, that would bring the unit count to seven with a 7.49% cap rate. As general contractors and developers the seller is willing to provide the buyer with budgets and contract to build proposed ADUS. The property is located just minutes from the Culver Arts District, Culver City Steps, Ivy Station which house Amazon Studios, Sony Pictures, HBO, Beats Electronics and many more tech and entertainment companies pouring into theneighborhood.This property, located in the very hot market of Mid-City between Picfair village and Culver Arts District, has enjoyed much of the demand. Incredible rent comps are being achieved in this neighborhood, driven largely by the surrounding tech hubs and supporting services providing high-paying and stable jobs.The property features drought tolerant landscaping, as well as energy efficient building materials, appliances and fixtures presenting the buyer with a low maintenance, environmentally friendly property.Please contact us regarding this opportunity or one of the sellers many other similar developments throughout Los Angeles.
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0BEDS
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0.15ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
COMPLETELY UPDATED INCOME PROPERTY IN PRIME MID-CITY BETWEEN PICFAIR VILLAGE AND CULVER ARTS DISTRICT5 UNIT COMPLEX W/ RTI PLANS FOR TWO ADUSWe are pleased to present this 5-unit multifamily property that has been remodeled to the studs. RTI PLANS in hand for two ADUS, that would bring the unit count to seven with a 7.49% cap rate. As general contractors and developers the seller is willing to provide the buyer with budgets and contract to build proposed ADUS. The property is located just minutes from the Culver Arts District, Culver City Steps, Ivy Station which house Amazon Studios, Sony Pictures, HBO, Beats Electronics and many more tech and entertainment companies pouring into theneighborhood.This property, located in the very hot market of Mid-City between Picfair village and Culver Arts District, has enjoyed much of the demand. Incredible rent comps are being achieved in this neighborhood, driven largely by the surrounding tech hubs and supporting services providing high-paying and stable jobs.The property features drought tolerant landscaping, as well as energy efficient building materials, appliances and fixtures presenting the buyer with a low maintenance, environmentally friendly property.Please contact us regarding this opportunity or one of the sellers many other similar developments throughout Los Angeles.
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-22T00:30:34.39. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.