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    3430 Caroline Avenue

    Culver City, CA 90232
    • $1,899,000
    • STATUS: Active
    • ON SITE: 37 days
    • ID#: 20636118
    UPDATED: 59 min ago
    $1,899,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1954
    County:

    School Ratings & Info

    Description

    3430 Caroline Avenue, a charming 5-unit multifamily asset in Culver City. Located on a quiet tree-lined street near the heart of the Arts District, residents benefit from its proximity to award-winning restaurants and trendsetting boutiques/retailers in Downtown Culver City and the surrounding Silicon Beach neighborhoods. Sitting on a 6,212 SF lot zoned CCR2, 3430 Caroline is comprised of (4) one-bedroom and one bath units and (1) detached one-bedroom and one bath back house. The subject property offers a significant value-add opportunity to potential investors, as current rents are approximately 35% below market value for nicely remodeled units in the area. Additionally, the well-maintained building has upgraded plumbing and each unit has been separately metered for gas and electricity. With walkability to a revitalized downtown scene and significant upside in rents, 3430 Caroline is an ideal long-term investment for investors looking to enter one of LA's hottest submarkets.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-30T00:29:16.173. 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 deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.

    www.therealestategirl.com/homes/110279431
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    3430 Caroline Avenue Culver City, CA 90232

    • Price: $1,899,000
    • Status: Active
    • Updated: 59 min ago
    • ID#: 20636118
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    1954
    Built
    Neighborhood:
    C28 - Culver City
    County:
    Los Angeles
    Area:
    C28 - Culver City
    Property Description
    3430 Caroline Avenue, a charming 5-unit multifamily asset in Culver City. Located on a quiet tree-lined street near the heart of the Arts District, residents benefit from its proximity to award-winning restaurants and trendsetting boutiques/retailers in Downtown Culver City and the surrounding Silicon Beach neighborhoods. Sitting on a 6,212 SF lot zoned CCR2, 3430 Caroline is comprised of (4) one-bedroom and one bath units and (1) detached one-bedroom and one bath back house. The subject property offers a significant value-add opportunity to potential investors, as current rents are approximately 35% below market value for nicely remodeled units in the area. Additionally, the well-maintained building has upgraded plumbing and each unit has been separately metered for gas and electricity. With walkability to a revitalized downtown scene and significant upside in rents, 3430 Caroline is an ideal long-term investment for investors looking to enter one of LA's hottest submarkets.
    Exterior Features

    Lot Size Units Square Feet Parking Features Parking Space Parking YN Yes

    Interior Features

    Appliances Refrigerator Appliances YN Yes Cooling None Cooling YN No Flooring TileWood Heating Wall Furnace Heating YN Yes Laundry Features CommunityIndividual Room

    Property Features

    Country Us Financial Info As Of 2020-09-22 00:00:00 Gross Income 100104.00 Gross Multiplier 18.97 Gross Operating Income 97101.00 Laundry YN Yes Net Operating Income 59014.00 Senior Community YN No Special Listing Conditions Standard Total Expenses 38087.00 Zoning Ccr4*

    Listing provided courtesy of Michael Matthias of Compass


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-30T00:29:16.173. 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 deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.

     
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