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5317 Kinston Ave

Culver City, CA 90230
  • $4,650,000
  • STATUS: Active
  • ON SITE: 91 Days
  • ID#: 21-763244
$4,650,000
  • 24
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 9,860
    SQFT
  • $472
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1951
County:
Area:

School Ratings & Info

Description

VERY SPECIAL OPPORTUNITY--THREE BUILDINGS ON THREE SEPARATE CONTIGUOUS LOTS. 12 UNITS ALL ARE TWO BEDROOM ONE BATH. SOME UNITS HAVE BEEN UPDATED. VERY LITTLE DEFERRED MAINTENANCE. GREAT LOCATION IN BETWEEN TWO LARGE REGIONAL STRIP MALLS. VERY WALKABLE. THE PROJECT IS IN THE STUDIO VILLAGE NEIGHBORHOOD. STUDIO VILLAGE IS THE 5TH WALKABLE NEIGHBOROOD IN CULVER CITY. UNITS ARE LARGE AND RIPE FOR REMODELING. MANY POSSIBILITIES TO ADD VALUE ARE AVAILABLE IN THIS HARD TO FIND TRIPLE LOT INVESTMENT. LAUNDRY FACILITY CAN ADD TO INCOME STREAM. ADU'S ARE POSSIBLE!

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-19T23:42:36.453. 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/119512209
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5317 Kinston Ave Culver City, CA 90230

  • Price: $4,650,000
  • Status: Active
  • ID#: 21-763244
24
Beds
0
Baths
0
½ Baths
N/A
Acres
9,860
SQFT
$472
$/SQFT
1951
Built
Neighborhood:
Culver City
County:
Los Angeles
Area:
Culver City
Property Description
VERY SPECIAL OPPORTUNITY--THREE BUILDINGS ON THREE SEPARATE CONTIGUOUS LOTS. 12 UNITS ALL ARE TWO BEDROOM ONE BATH. SOME UNITS HAVE BEEN UPDATED. VERY LITTLE DEFERRED MAINTENANCE. GREAT LOCATION IN BETWEEN TWO LARGE REGIONAL STRIP MALLS. VERY WALKABLE. THE PROJECT IS IN THE STUDIO VILLAGE NEIGHBORHOOD. STUDIO VILLAGE IS THE 5TH WALKABLE NEIGHBOROOD IN CULVER CITY. UNITS ARE LARGE AND RIPE FOR REMODELING. MANY POSSIBILITIES TO ADD VALUE ARE AVAILABLE IN THIS HARD TO FIND TRIPLE LOT INVESTMENT. LAUNDRY FACILITY CAN ADD TO INCOME STREAM. ADU'S ARE POSSIBLE!
Exterior Features

Building Type Attached Covered Parking 12 Cross Streets Jefferson Direction Faces East Exterior Construction Stucco Garage Structures Total 2 Lot Description 2-4 Lots Lot Size Area 16818 Other Structures None Parking Garage Garage - 1 CarUncovered Pool Description None Pool YN No Roof Flat Spa None Spa YN No Style Contemporary Total Parking 17 View Description City View YN Yes

Interior Features

Baths Total 12.00 Common Walls Attached Cooling Wall Unit(S) Equipment Built-InsGarbage DisposalRange/Oven Flooring Mixed Heating Wall Interior Features Drywall WallsCommon Walls Kitchen Features RemodeledStone Counters Laundry None

Property Features

Alley YN No Gross Income 265788 Gross Operating Income 265788 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 149910.00 Number Of Buildings 3 Number Of Units 12 Owner Pays Move In FeeElectricityGasGardener Rent Control YN Yes Sale Type Standard Sewer In Connected And Paid Source Living Area Assessor Source Lot Size Area Assessor Tenant Pays ElectricityGas Total Annual Expense 115878 Type Of Units Flat 2 + 1 Water Water District Water Heaters YN Yes Year Built Source Assessor Zoning Mrd

Listing provided courtesy of Mike Hassan DRE#00819901 of Coldwell Banker Realty.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-19T23:42:36.453. 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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