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    5022 S Slauson Ave

    Culver City, CA 90230
    • $2,395,000
    • STATUS: Active Under Contract
    • ON SITE: 154 days
    • ID#: 20-658602
    Under Contract
    UPDATED: 28 min ago
    $2,395,000
    • 14
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,157
      SQFT
    • $294
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:
    Area:

    School Ratings & Info

    Description

    PRICE REDUCED $200K! We are proud to present to market "Westside 9", a value-add multifamily investment property housing nine bright and open units situated on a large 7,600 SF LAR3 zoned lot and priced at a Proforma 8.7GRM. Composed of four, 2-bedroom, 1.5-bath townhouse style units, three, 1-bedroom, 1-bath units, one studio unit, and one, 3-bedroom, 1.5-bath unit offering an ideal mix for the submarket. Located in the heart of this burgeoning Westside housing community and adjacent to the tech commercial corridor, known today as Silicon Beach, the units on 5022 S Slauson Ave, are near to many of the most prominent tech companies in the nation. This property is attractively priced at only $296 per square foot and $266,000 per unit! Current rents are significantly below market, allowing a new owner to capitalize on future vacancies.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-04-15T09:42:20.593. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.randyplaice.com/homes/111791346
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    5022 S Slauson Ave Culver City, CA 90230

    • Price: $2,395,000
    • Status: Active Under Contract
    • Updated: 28 min ago
    • ID#: 20-658602
    14
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    8,157
    SQFT
    $294
    $/SQFT
    1964
    Built
    Neighborhood:
    Culver City
    County:
    Los Angeles
    Area:
    Culver City
    Property Description
    PRICE REDUCED $200K! We are proud to present to market "Westside 9", a value-add multifamily investment property housing nine bright and open units situated on a large 7,600 SF LAR3 zoned lot and priced at a Proforma 8.7GRM. Composed of four, 2-bedroom, 1.5-bath townhouse style units, three, 1-bedroom, 1-bath units, one studio unit, and one, 3-bedroom, 1.5-bath unit offering an ideal mix for the submarket. Located in the heart of this burgeoning Westside housing community and adjacent to the tech commercial corridor, known today as Silicon Beach, the units on 5022 S Slauson Ave, are near to many of the most prominent tech companies in the nation. This property is attractively priced at only $296 per square foot and $266,000 per unit! Current rents are significantly below market, allowing a new owner to capitalize on future vacancies.
    Exterior Features

    Lot Size Area 7600 Other Structures None Parking Garage Carport Total Parking 11

    Interior Features

    Baths Total 11.50 Cooling Wall Unit(S) Equipment WasherDryer Heating Wall Gas

    Property Features

    Assessed Total Value 1054227 Gross Income 137866 Gross Operating Income 137866 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 69786.00 Number Of Buildings 1 Number Of Units 9 Rent Control YN Yes Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 68080 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Lar3

    Listing provided courtesy of Casey Lins DRE#01902650 of Re/Max Estate Properties.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-04-15T09:42:20.593. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Randy Plaice and Associates | RE/MAX Gateway
    27720 Dickason Drive
    Valencia CA, 91355