9051 Lucerne Ave

Culver City, CA, 90232

$2,199,999

$692 per ft²
$2,199,999
$692 per ft²
Active
Active
 - For Sale
beds
6 Beds
baths
5.5 Baths
carpenters-square
3,178 ft²
property_type
Multi-family
calendar
Built 1923
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.
MLS® ID:
22-195297
Listed:
8/30/22
Updated:
3/31/23

Interior Features

Kitchen Appliances
None
Total Bedrooms
6
Total Bathrooms
5.5
Cooling
None
Heating
None

Exterior/Building Features

Lot Size
5,945 ft² lot
Exterior Features
Other
Architectural Style
Architectural
Sewer
In Street

Other Property Details

Garage
No
Parking
Carport, Driveway
Parking Total
6.0
View
Y
County
Los Angeles
Water Source
Public
Pool
No
Pool Description
None
Total Stories
2
Zoning
CCR2YY

Property History

Date
Event
Price
Value
1/25/23
Price Change
$2,199,999
-4%

Courtesy of AKGRE Inc, Ruth Elia,
Listing Contact:  

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Megan Whalen Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2023 Combined L.A./Westside MLS. All rights reserved.

Data last updated 3/31/23

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