5304 Kinston Ave, Culver City, CA 90230
- $2,195,000
- 8
- BD
- 4
- BA
- 3,160
- SqFt
- List Price
- $2,195,000
- Price Change
- ▼ $200,000 1705550890
- MLS#
- 23-281079
- Status
- ACTIVE
- Type
- Multifamily
- Bedrooms
- 8
- Bathrooms
- 4
- Living Area
- 3,160
Property Description
Tremendous Value-Add Potential. Huge corner ~10,000 sq ft lot in the prime Culver City area , pride of ownership, with 2 Approved ADU plans (a 3 bedroom and a 2 bedroom units ADUs ), 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 approved 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.
Additional Information
- Year Built
- 1951
- Garage
- Covered Parking
Mortgage Calculator
Courtesy of Jonathan Amirieh, Jonathan Amirieh.
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