Property Listing No Longer Available for Sale

4118 Wade St, Culver City, CA

Multi-family for Sale - $1,675,000 - 3,509 Sq. Ft. on 0.28 acres


Property Info

CIMLS#863437
Location
  4118 Wade St
  Culver City CA 90066
UpdatedOctober 19th, 2016
TypeMulti-family
Price$1,675,000
Building3,509 Sq. Ft.
Land0.28 acres

Property Description

4 units in Culver City in NO RENT CONTROL AREA! UPSIDE IN RENTS. 4118 Wade Street features the perfect units mix: Owner's unit offers 3 bedrooms + den, 2.5 bathrooms with a 2 cars garage and 2 extra parking spaces on the side; 1 unit- 2 bedrooms, 1 bath with 1 covered parking space; 1 unit- 1 bedroom, 1 bath with 1 covered parking space; 1 unit- studio with 1 covered parking space.

Located south of Washington Blvd and west of Centinela Ave, the property is a short walk from Culver West park and walking distance to popular restaurants including A-Frame LA, Sunny Blue and Rockenwagner Bakery. Marina Arts District is 1 mile from the property; Venice Pier and the beach are 2.5 miles from the property.

DRIVE BY ONLY! Do not disturb tenants. Showing with accepted offer only. Property is being sold "as is", no termite or repairs.

Buyer and buyer's agent shall conduct their own investigation regarding development opportunities. See PLAT MAP attached; some neighboring lots were subdivided.

Location Description:

Located south of Washington Blvd and west of Centinela Ave, the property is a short walk from Culver West park and walking distance to popular restaurants including A-Frame LA, Sunny Blue and Rockenwagner Bakery. Marina Arts District is 1 mile from the property; Venice Pier and the beach are 2.5 miles from the property.


Financials

Sales Info:

>> Cap rate: 3.87%

>> Commision split: 2.0%

>> NOI: $64901


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