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$2,500,000
New Listing

3957 Huron Avenue
Culver City, CA 90232

For Sale|Residential Income|Active
10
Beds
6
Total Baths
4,692
SqFt
$533
/SqFt
1948
Built
County:
Los Angeles
Listed by Martin Feinberg of KW Westside Estates [email protected]
3957 Huron Avenue3957 Huron Avenue3957 Huron Avenue3957 Huron Avenue
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EXCEPTIONAL CULVER CITY INVESTMENT WITH TREMENDOUS INCOME UPSIDE! Rare 5-unit property offering an outstanding opportunity to acquire a significantly under-market income property in one of Culver City's most desirable rental locations. The property consists of three 1-bedroom/1-bath units, one 2-bedroom/1-bath unit, plus a separate 4-bedroom/2-bath rear house. Current gross rents are only $7,904 per month ($94,848 annually), providing substantial long-term upside as rents transition toward prevailing market levels, subject to applicable rent-control and tenant-protection regulations. Projected market rents are approximately $16,400 per month, or $196,800 annually...more than double the property's current gross income. This represents over $100,000 in potential additional annual gross income at projected market rents. Adding to the opportunity, the detached 4-bedroom/2-bath rear house is expected to be delivered vacant, giving the new owner an immediate opportunity to capture substantially higher income from a major component of the property. Lease it at market rent, renovate and reposition it, or consider it for owner occupancy while collecting income from the four apartment units. This is exactly the type of value-add opportunity that has become increasingly difficult to find in Culver City: strong existing income, dramatically below-market rents, an excellent unit mix, a vacant detached house, and significant future income potential. Prime Culver City location convenient to Downtown Culver City, restaurants, shopping, entertainment, transportation and major Westside employment centers. An exceptional opportunity for an investor willing to look beyond today's income and recognize the property's considerable long-term potential. Projected market rents are estimates only and are not guaranteed. Buyer to independently investigate rental rates, rent-control requirements and all applicable regulations.

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Listing Snapshot
Price 
$2,500,000
Days On Site 
0 Days
Bedrooms 
10
Inside Area (SqFt) 
4,692 sqft
Total Baths 
6
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1724 Acres
Year Built 
1948
MLS® Number 
26993029
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 hours agoListing updated with changes from the MLS®
10 hours agoListing first seen on site
General Features
Acres 
0.1724
Levels 
Multi/Split
Number Of Stories 
2
Special Circumstances 
Standard
SqFt Total 
4692
Zoning 
CCR4*
Interior Features
Appliances 
Refrigerator
Heating 
CentralWall Furnace
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Community Features
MLS Area 
C28 - Culver City


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. The 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, the 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.

Neighborhood & Commute
Source: Walkscore
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