3820 Overland Avenue

    Culver City, CA 90232
    • $4,950,000
    • STATUS: Active
    • ON SITE: 38 days
    • ID#: SB18006902
    UPDATED: 84 min ago
    $4,950,000
    • 0
      BEDS
    • 0.25
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,840
      SQFT
    • $503
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1958
    County:

    School Ratings & Info

    Description

    Fantastic multifamily investment opportunity near Downtown Culver City with proximity to many restaurants, film production studios, entertainment and the Metro Line. This property boasts a Walk Score of 94! There are a total of 24 units, in two buildings, with eleven studio and thirteen one-bedroom units. This is a rent-controlled asset with upside in the rents. There are two community laundry rooms 3820 Overland Ave. (APN# 4208-009-061) is being offered for sale together with the adjacent property at 3824 Overland Ave. (APN# 4208-009-062). Combined, the lot size is approximately 10,820 square feet. Combined, the two buildings are approximately 9,840 square feet. Zoning is LAR3 and there are 12 on-site parking spaces with street parking available.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-02-19T21:26:41.717. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
    www.californiarealtyexperts.com/homes/79907899

    3820 Overland Avenue Culver City, CA 90232

    • Price: $4,950,000
    • Status: Active
    • Updated: 84 min ago
    • ID#: SB18006902
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.25
    Acres
    9,840
    SQFT
    $503
    $/SQFT
    1958
    Built
    Neighborhood:
    C28 - Culver City
    County:
    Los Angeles
    Area:
    C28 - Culver City
    Property Description
    Fantastic multifamily investment opportunity near Downtown Culver City with proximity to many restaurants, film production studios, entertainment and the Metro Line. This property boasts a Walk Score of 94! There are a total of 24 units, in two buildings, with eleven studio and thirteen one-bedroom units. This is a rent-controlled asset with upside in the rents. There are two community laundry rooms 3820 Overland Ave. (APN# 4208-009-061) is being offered for sale together with the adjacent property at 3824 Overland Ave. (APN# 4208-009-062). Combined, the lot size is approximately 10,820 square feet. Combined, the two buildings are approximately 9,840 square feet. Zoning is LAR3 and there are 12 on-site parking spaces with street parking available.
    Exterior Features

    Garage Spaces 0.00 Lot Features Lot-Level/FlatNear Public Transit Lot Size Source Appraiser Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area 367 Average Studio Area Units Square Feet Average1 Bed Area 446 Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Community

    Property Features

    Additional Parcels Description 4208009062 Additional Parcels YN Yes Building Area Units Square Feet Community Features CurbsGuttersSidewalksStreet Lighting Country Us Electric Expense 10108.00 Elevation Units Feet Fuel Expense 2918.00 Gross Income 334110.00 Gross Scheduled Income 334110.00 Insurance Expense 6000.00 Land Lease YN No Laundry YN Yes Net Operating Income 203120.00 New Taxes Expense 59400.00 Number Of Separate Electric Meters 24 Number Of Separate Gas Meters 24 Number Of Separate Water Meters 2 Operating Expense 130990.00 Professional Management Expense 12370.00 Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Total Expenses 130990.00 Trash Expense 3720.00 Water Sewer Expense 3019.00 Water Source Public Year Built Source Assessor Zoning Lar3

    Listing provided courtesy of Tommy Murakoshi of Kaji & Associates and Jonathan Kaji of Kaji & Associates.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2018-02-19T21:26:41.717. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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