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$ 1,849,000
Est. payment | /mo
5,497 Sqft Lot
$ 1,849,000
Est. payment | /mo
5,497 Sqft Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25627109
HOA Y/N No
Lot Size 5,497 Sqft
Property Description
A rare opportunity to buy and build an incredible 4 units in Culver City. The seller is selling the property with RTI plans for 4 units that is consist of 2 duplexes. Each unit has 4 bedrooms and 4.5 baths and roof top deck. There is no underground parking, making the project affordable to build and a time saver. There are on grade parking. The project consist of 16 bedrooms and 20 bathrooms with each unit 3 stories and a roof top deck. The plans were designed meticulously by an AIA architect paying enormous amount of attention to details. We estimate build up value to be approximately $4.9 million. The neighborhood demands high rents for similar units. This will be a premier project and it is priced right for a quick sale. Sawtelle is recognized for its walkable, transit-friendly vibe, a diverse mix of housing, and a lively cultural/culinary scene especially along Sawtelle Boulevard. Proximity to tech, media, and entertainment employers (Apple, Amazon Studios, Sony Pictures, TikTok, etc is a compelling reason to buy this property. Culver City has experienced long-term, above-average appreciation due to:Limited supply of buildable land, Rapid growth of the tech/creative economy, Easy access to West LA, Santa Monica, Playa Vista, LAX, and Excellent schools and a safe, community-focused environment.
Location
State CA
County Los Angeles
Area C28 - Culver City
Zoning CCR4YY
Interior
Fireplace No
Exterior
View Y/N No
View None
Building
Lot Description Flat
New Construction No
Others
Senior Community No
Tax ID 4233031025
Special Listing Condition Standard
Listed by Suminda Sellahewa Avarnka Real Estate, Inc.
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