This well maintained property represents the best value in La Cienega Heights. At $196 per unit and 11.5 times Gross, it is clearly the Best in Class. There is (1) 3BR/2BA, (4) 2BR/2BA, (4) 2BR/1BA, (6)1BR/1BA and (1) Studio. The LA County Assessors list the property as 15 units, but… Read More it is operating as 16. The units are huge with a courtyard style layout and a pool. It has been in the family for 51 years, and managed professionally for decades. The property just benefitted from installation of brand new electrical service last year (by permit), and it has been retrofitted for EQ. There are 15 tuck-under parking spaces and a gated entry for security and convenience. It is 3 blocks from Kaiser West LA, and walking distance from Culver City Arts District, HBO, Amazon, Apple, and the Culver Steps. The rental upside is approximately 75%, resulting in a Pro-forma cap rate of 10.08%!! The property is being sold in conjunction with 2314 Corning, and be purchased together or separately. Don't miss this rare bargain! Read Less
Courtesy of Lyon Stahl Investment Real Estate, Inc. 310-425-9838
Listing Snapshot
Days Online
8
Last Updated
Property Type
Other
Beds
23
Square Ft.
12,456
Lot Size
0.29 Acres
Year Built
1961
MLS Number
25533713
30 Days Snapshot Of 90034
$2.05M
+14%
(avg) sold price
5
-44%
homes sold
42
-33%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Refrigerator, Range/Oven
Building
12,456 sq ft, Built in 1961, Levels: Two
Disclosures
As Is
Garage
Assigned, Covered Parking
Heating
Natural Gas, Wall
Lot
LotAcreage: 0.2897, LotSizeArea: 12,619
Parking
TotalParking: 15
Property
NumberOfUnits: 16, Zoning: LARD1.5
Utilities
Gas, Central Water Heater
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