4069 SAWTELLE BOULEVARD, CULVER CITY, CA 90066

  • 1,900 sqft
  • Lot Size: 5,497 sqft
  • Built in 1950
  • MLS #AR19227269
For Sale $1,349,888

Description

Well Maintained Highly Sought After Triplex in Culver City. The front two units each have 2 Bedrooms, 1 Bathroom & Laundry Facilities. The back unit is non-permitted & is a Studio with 1 Bath & Separate Kitchen. The Property is perfect for a Buyer that wants to live in one unit & rent out the others. If you lived in the back unit, you can cover most of your mortgage payment. This is almost impossible to find in Los Angeles. This would also work well for extended families or for someone looking for a good investment or 1031 Exchange. This property is in one of the best locations in Los Angeles and is centrally located to everything including the Beaches, Airports, Freeways, Restaurants & Shops. THIS PROPERTY WILL NOT LAST! Proforma Rental Income for the front two units are $3,200 a month & the back studio is $1,600. Total Gross Proforma Rent is $8,000 a month or $96,000 a year. This means your CAP Rate/ Return on Investment is around 6% when the average property in this area gets a 3% or less return. The Property has been well maintained & upgraded over the years.The front unit has new paint, some new windows, & switches. The middle unit has a newer bathroom, lights, and floors. Other amenities include a Long Driveway which allows for lots of parking & a private backyard for entertaining.

FACTS / FEATURES

  • Built in 1950
  • Lot Size: 5,497 sqft

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Listing Provided by Mike Vachani, Provenio Realty and Investment
Based on information from California Regional Multiple Listing Service, Inc. as of October 14, 2019. 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.