Douglas Elliman Commercial is proud to present an exceptional investment opportunity with outstanding value-add upside potential in this four (4 )unit multi-family property situated on a highly desirable corner lot in a coveted area of Culver City with strong and consistent rental demand. Boasting a classic mid-century architecture and featuring an excellent unit mix of two (2) spacious two (2) bedroom units and two (2) generously sized one (1) bedroom units.
Privately owned and family-operated for more than 30 years, the sale is solely prompted by an unexpected and recent family member passing. * Typical income/expense records are not available for this property as it has been under managed for some time which provides a new owner an opportunity to optimize the potential inefficiencies in management operations and increase annual revenue.
One (1) unit is vacant and another is expected to be vacant at the end of August. One (1) of the two (2) bedroom units is in a LONG TERM LEASE for $825.00 per month to a family member. The Asking Price is reflective of this. The other rents are below market; providing a clear path for revenue growth through rental adjustments. An experienced investor could reposition the asset to achieve a strong and favorable cash flow.
This property is prime for a savvy buyer who recognizes its untapped potential; can implement strategic improvements, and unlock significant value in a high-demand market.