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    8633 Hervey Street

    Los Angeles, CA 90034
    • $1,600,000
    • STATUS: Pending
    • ON SITE: 72 days
    • ID#: SR20140016
    Pending
    UPDATED: 41 min ago
    $1,600,000
    • 0
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,810
      SQFT
    • $0
      $/SQFT
    Type:
    Multi-Family
    Built:
    1931
    County:

    School Ratings & Info

    Description

    GREAT INVESTMENT OPPORTUNITY for Investors looking for great potential duplex to be converted into a 5-6 units multi-family complex. It is located in the upcoming Culver City Art District, close to HELM Stores, , Amazon headquarters, Culver City Outdoor Shopping Center and Metro Link are all close by. The lot size is 9,820 sf, ideal for re-development! There are 3 stand alone enclosed 2 car garages. Investors could consider creating 3 tri-level units, with the garages tucked under. The zoning is LARD 1.5, many new developments going on in the nearby neighborhood. The large flat yard is easy to build. The existing duplex has been recently retrofitted. There is an alley way, which is perfect for more access points. The upside is that you can rent the present duplex, while you process the paperworks with the city, this way, you can get rental income, while you renovate the backyard and the garage. The duplex is close to Expo-Line, Whole Foods and many great restaurants and retails stores. The new development of 180,000 sf office space is close by on Jefferson Blvd, which will be ideal for renters. Please do your own due diligence for accuracy, as well as the citys allowable spaces.

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    Based on information from CRISNet MLS as of 2020-09-29T09:56:11.447. 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.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2020-09-29T09:56:11.447. 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/108000088
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    8633 Hervey Street Los Angeles, CA 90034

    • Price: $1,600,000
    • Status: Pending
    • Updated: 41 min ago
    • ID#: SR20140016
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    2,810
    SQFT
    $0
    $/SQFT
    1931
    Built
    Neighborhood:
    C09 - Beverlywood Vicinity
    County:
    Los Angeles
    Area:
    C09 - Beverlywood Vicinity
    Property Description
    GREAT INVESTMENT OPPORTUNITY for Investors looking for great potential duplex to be converted into a 5-6 units multi-family complex. It is located in the upcoming Culver City Art District, close to HELM Stores, , Amazon headquarters, Culver City Outdoor Shopping Center and Metro Link are all close by. The lot size is 9,820 sf, ideal for re-development! There are 3 stand alone enclosed 2 car garages. Investors could consider creating 3 tri-level units, with the garages tucked under. The zoning is LARD 1.5, many new developments going on in the nearby neighborhood. The large flat yard is easy to build. The existing duplex has been recently retrofitted. There is an alley way, which is perfect for more access points. The upside is that you can rent the present duplex, while you process the paperworks with the city, this way, you can get rental income, while you renovate the backyard and the garage. The duplex is close to Expo-Line, Whole Foods and many great restaurants and retails stores. The new development of 180,000 sf office space is close by on Jefferson Blvd, which will be ideal for renters. Please do your own due diligence for accuracy, as well as the citys allowable spaces.
    Exterior Features

    Lot Features 2-5 Units/Acre Lot Size Area 9820.0000 Parking Total 3.00

    Interior Features

    Common Walls No Common Walls Cooling Central Air Cooling YN Yes Fireplace Features Living Room Fireplace YN Yes Heating Central Heating YN Yes Laundry Features Dryer IncludedGas & Electric Dryer HookupIndividual RoomWasher Included Laundry YN Yes

    Property Features

    Additional Parcels YN No Community Features CurbsSidewalks Electric Expense 1862.00 Fuel Expense 882.00 Gardener Expense 1200.00 Gross Income 33600.00 Gross Multiplier 22.70 Gross Scheduled Income 33600.00 Inclusions Washer And DryerOvenRefrigeratorDishwasher Insurance Expense 3548.00 Land Lease YN No Net Operating Income 22794.00 New Construction YN No New Taxes Expense 1405.00 Number Of Separate Electric Meters 1 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Operating Expense 10806.00 Pest Control Expense 600.00 Pool Features None Pool Private YN No Property Attached YN No Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 10806.00 Trash Expense 157.00 Water Sewer Expense 1070.00 Water Source Public Zoning Lard1.5

    Listing provided courtesy of Christine Iso, CA DRE# 01870716, of Keller Williams Encino-Sherman Oaks.


    Based on information from CRISNet MLS as of 2020-09-29T09:56:11.447. 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.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2020-09-29T09:56:11.447. 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
    27720 Dickason Drive
    Valencia CA, 91355