Home For Sale
$2,395,000
5304 Kinston Ave
Culver City, California, United States
8bd 4ba
Listed By: Realtyww Info
Listed On: 06/20/2023
Listing ID: GL9974107 View More Details
Description
Tremendous Value-Add Potential. Huge corner ~10, 000 sq ft lot in the prime Culver City area with ADU plans for 2 new ADUs (a 3 bedroom and a 2 bedroom), totaling 6 units. Fully occupied 4 units with rents increasing September 1 collecting over $9000/mo with substantial upside $6000/mo+ for the 2 new ADUs, totaling $15, 000 minimum per month. Plans have been submitted and should receive final approval in July 2023 in which the income will increase to ~$190, 000 annual gross income. Best Culver City school district. On-site owned laundry facility which is highly used by tenants. Four parking garages and ample space for additional parking. Separately metered for gas and electric. Near many amenities and walking distance to Westfield Fox Hills Mall, Starbucks, Target, Ralphs, Pavilions, Party City, Denny's, Petco, Subway, West LA College and more.For more details:
Listed by: Jonathan Amirieh