9051 Lucerne Ave

Lucerne Higuera, Culver City, CA 90232

$2,199,999
6
beds
Multi Family Townhouse

AGENTS

Rachelle Rosten
Rachelle Rosten
  • Licensed Real Estate Salesperson
  • DRE #: 01255977
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Source of Data:
California Real Estate Technology Services

Property Description

This is an amazing opportunity to acquire an income producing 2 Single Family Residences and 1 ADU. In the heart of Culver City. Two of the three units are near completion. The third and back unit (SFR) will need to be constructed. The plans are RTI now. Cap rate of the finished product will be between 5.19-6. The architectural/structural plans and cash flow analysis are available upon request. Unit 1: 2 bed, 2 bath, approximately 1,153 sq ft. Unit 2: 1 bed, 1 bath, approximately 586 sq ft. Unit 3: 3 beds, 2.5 bath with attached 2 car garage and 2 carports, approximately 1,439 sq ft (to be constructed). The new owners can capitalize on high rental demand for the area. The tenants can enjoy the property's location as it's walking distance to Downtown Culver City and close proximity to the freeways, downtown LA, beach communities and studios including Amazon, Sony and HBO. Culver City has lots of recent, on-going and planned developments including but not limited to the Ivy Station, The Culver Steps, Culver Public Market Hall and the Media Park Revitalization and Conceptual Plan Development. This property is perfect for a first time home buyer to live in one of the units, rent out the other two units to help with the mortgage or for an investor who's looking for passive income.
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PROPERTY DETAILS

  • Interior
    3,178 Sq Ft.
  • Exterior
    .14 Acres
  • Property Type
    Multi Family Townhouse
  • Year Built
    1923
  • MLS/Listing ID
    22-195297
  • Days On Market
    150

BUILDING/PROPERTY DETAILS

  • City View
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Listing Courtesy of AKGRE Inc, Ruth Elia - 01904112 - 310-869-3686 and Jessica Radosevich - 02090855