4432 S Centinela Avenue, Culver City, CA 90066
- $3,600,000
- Sold Price
- $3,600,000
- List Price
- $3,639,000
- Closing Date
- Sep 28, 2023
- Status
- CLOSED
- MLS#
- PW23034386
- Year Built
- 2023
- Lot Size
- 5,733
- Acres
- 0.13
- Lot Location
- 2-5 Units/Acre, Back Yard, Front Yard
- Days on Market
- 159
- Property Type
- Multifamily
- Style
- Modern
- Property Sub Type
- Mixed Use
- Stories
- Three Or More Levels
Property Description
NEW CONSTRUCTION SILICON BEACH / CULVER CITY FOUR UNIT TOWNHOME COMPLEX W/ PLANS PENDING APPROVAL FOR THREE ADU’S. THREE UNITS LEASED! ONE UNIT BEING HELD FOR TOURS, CAN BE DELIVERED LEASED BY CLOSE OF ESCROW. We are pleased to present this Green Certified new construction four-unit luxury townhome complex. Plans are in process for three ADU’S, that would bring the unit count to seven with a 7.20% cap rate. As general contractors and developers the seller is willing to provide the buyer with budgets and contract to build proposed ADU’S, by a quick and cost- effective conversion of garage space and detached unit. The property is located just minutes from the Arts District, Culver City Steps and Ivy Station, which house Amazon Studios, Sony Pictures, HBO, Beats Electronics and many more tech and entertainment companies pouring into the neighborhood. This property, located in the very hot market of Silicon Beach which is adjacent to Beverlywood and Culver City, has enjoyed much of the demand. Incredible rent comps are being achieved in this neighborhood, driven largely by the surrounding tech hubs and supporting services providing high-paying and stable jobs. This luxury complex is comprised of two duplexes, totaling four new construction townhomes, each with private laundry rooms and two parking spaces. Each unit is equipped with separate meters for water, gas as well as an owner’s common area electric meter for exterior lighting and common area water meter for servicing and landscape irrigation. The property features drought tolerant landscaping, as well as energy efficient building materials, appliances and fixtures presenting the buyer with a fully warrantied, low maintenance, environmentally friendly property. Please contact us regarding this opportunity or one of the seller’s many other similar developments throughout Los Angeles.
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Additional Information
- Appliances
- Dishwasher, ENERGY STAR Qualified Appliances, Gas Cooktop, Gas Oven, Microwave, Refrigerator, Tankless Water Heater
- Pool Description
- None
- Heat
- ENERGY STAR Qualified Equipment, High Efficiency
- Cooling
- Yes
- Cooling Description
- ENERGY STAR Qualified Equipment, High Efficiency
- View
- City Lights
- Exterior Construction
- Cement Siding, Stucco
- Roof
- Composition
- Garage Spaces Total
- 6
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Balcony, High Ceilings, Recessed Lighting, Storage
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $343,500
- Operating Expense
- 60308
Listing courtesy of Listing Agent: Martin Fish (Martin@streetlamppartners.com) from Listing Office: Citivest Realty Services, Inc.
Listing sold by Tak Chaya from Person Realty, Inc.
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.