PROPERTY DESCRIPTION

Value-add fourplex in the extremely coveted neighborhood of Del Rey. 1 unit is being held vacant so that the new owners can remodel and choose their own tenant. The property may have a Culver City address, but it is definitely in the City of LA and is subject to LA Rent Stabilization Ordinance. All four units feature 2 bedroom + 1 bathroom units that average 784 SF each. A blooming jacaranda tree frames the front of the building, providing tenants an extra pleasant view in June and July. Parking is available in the rear via the alley and can accommodate 10 cars. There may be potential to build ADUs in the rear, Buyer should investigate if interested. There is also a laundry room for convenience, serviced by WASH. The downstairs apartments have one bedroom that has a back door to a patio area, which gives them a private patio and added bonus outdoor space. There has been a ton of new construction and investment into the immediate area, with new apartment buildings with murals, coffee shops, restaurants and more. There are multiple new construction buildings on the east side of the street that are new within a few blocks. The homes in the area are also in high demand, as the property is located near Silicon Beach, Mar Vista, Marina del Rey, Culver City, Playa Vista, and Loyola Marymount University.