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Key Details
Sold Price $3,400,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,344 sqft
Price per Sqft $462
MLS Listing ID 24452627
Bedrooms 12
Year Built 1953
Lot Size 10,637 Sqft
Property Description
Discover an exceptional investment opportunity with this 12-unit multifamily property located at 3971-3977 Sawtelle Blvd in the heart of Culver City. Built in 1953, this classic building offers 7,344 square feet of rental space on a generous 10,633 square foot lot. With tremendous upside rental potential, this property provides a rare chance for investors to capture significant future income growth. It was last on the market in 2003, and since then, the seller has invested over $200k in capital improvements, ensuring long-term structural integrity and modernized features. Additional value comes from the potential to add four Accessory Dwelling Units (ADUs), offering further income possibilities. Positioned in a highly desirable area with access to top-tier amenities, this property presents an outstanding combination of stability and future growth potential. Don't miss this rare offering in the thriving Culver City rental market!
Location
State CA
County Los Angeles
Area C28 - Culver City
Zoning CCR4YY
Interior
Heating Wall Furnace
Laundry Common Area
Exterior
Parking Features Garage
Building
Story 2
New Construction No
Others
Special Listing Condition Standard
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Bought with Alondra Ruiz • Coldwell Banker West