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Home For Sale

Picture of Home For Sale in Culver City, California, United States

$2,395,000

5304 Kinston Ave
Culver City, California, United States

8bd 4ba

Listed By: Realtyww Info

Listed On: 06/20/2023

Listing ID: GL9974612 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
Source: The World Property Journal

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