Super clean 4 unit building in Culver City (with an LA mailing address). Great mix of three bedroom and two bedroom units with reasonable rents and some upside potential. All four units are very spacious with large rooms, hardwood floors, and lots of natural light. Each unit is separately metered for gas and electricity and the tenants each pay a portion of the water bill. Four carports at the rear of the property plus a small laundry/storage room that could be completed for extra income. Tenants pay $220 per month for water reimbursement. Fantastic CC location near the upcoming Culver Public Market project, Marina del Rey, the Mar Vista Farmers Market, and the restaurants along trendy west Washington Boulevard. Cap rate is over 4.5% with current rents. Upstairs, rear 3 bedroom unit is now vacant and projected rent is $3,050.
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