Residential Income, California | Page 3 -001-11-30T00:00:00-08:00
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10791 Palma Vista Avenue

Price: $5,600,000
Units Total: 32
Lot Size: 38,333
Living Area: 20,098
Year Built: 1961
Parking: 44
Days on Market: 102
Description: Palma Vista Portfolio is a 32-unit multifamily investment property located on Palma Vista Avenue in the city of Garden Grove, California. Situated on four parcels totaling 0.88-acres, the portfolio consists of four, 8-unit apartment properties with 100 percent one-bedroom floor plans.

Venice, 661 Broadway

Price: $5,500,000
Units Total: 2
Lot Size: 5,195
Living Area: 0
Year Built: 2016
Parking: Yes
Days on Market: 349
Description: Beautifully enclosed in a Redwood and stucco shell, designed by famed local architect Robert Thibodeau, this amazing 6,100 sq. Ft. Dwelling group offers a rare opportunity to own a unique Venice residential complex. It is an exceptional investment opportunity! Live in one and rent one, rent both out at prime market rent or use the whole property as your extended family’s beach home! Fabulous layouts for entertaining, w / Steel beams that span both wood-trimmed 1300 + sq. Ft, airy Great Rooms. The custom built Euro-style chef’s kitchens feature granite islands, 4 ovens, 48″ stove and 48 ” fridge, and enormous pantry space. Total of 7 beds and 7 baths. 600 + sq. Ft. Master suites in each unit incl. Walk-in closets. Other key features are too immense; Roof terraces, equipped w / large fire pits and built-in seating. 4 car garage. Property is currently situated on one large lot, consisting of two APN #’s and this purchase would be for both, for which condo applications have been filed. May be sold separately

Highland Park, 376 North Avenue 57

Price: $5,490,000
Units Total: 24
Lot Size: 19,986
Living Area: 16,671
Year Built: 1962
Parking: Yes
Days on Market: 71
Description: Highland Park Apartments – 376 N Ave 57 is a prominent 24-unit apartment community located in the gentrified neighborhood of Highland Park, CA. The property is strategically located within walking distance to Highland Park Metro Station. It is also within walking distance to elementary and high school and within minutes to the well-known Occidental College in Eagle Rock. It has superb access to Downtown Los Angeles via FWY 110, and minutes to FWY 2, FWY 134 and FWY 210. This property has been under the same ownership since 2000 and is the first time ever being offered for sale. The property is situated on a quiet, residential street surrounded by single family residential and apartment communities. There is several new residential development projects nearby that demonstrate the strength of local property market. The property is a very well maintained three-story garden style apartment community with a center courtyard and a fenced swimming pool. It was built in 1962 and is situated on a large 19,986 sq.ft lot size. It offers an attractive unit mix of two (2) 2bed + 1bath, twenty (20) x 1bed + 1bath, and two (2) large Studio units, and has a total of 22 parking spaces. It is separately metered for electricity and gas. The property is under rent stabilization ordinance (rent control). The property offers ±42% rental upside potential. Some of the units have been upgraded, giving buyer a head start and built-in rent comparable for their value-add plan.

Los Angeles, 3710 GLENDON Avenue

Price: $5,400,000
Units Total: 11
Lot Size: 16,305
Living Area: 0
Year Built: 1964
Parking: Yes
Days on Market: 63
Description: SOLD FOR LAND VALUE ONLY. Three (3) properties consisting of 11 existing units with 16,305 sq. Ft of R-3 land and 120 ft of frontage (3704,3710,3714 Glendon Ave.) (APN#: 4252-032-008,4252-032-009,4252-032-010) with a potential of building up to 29 units according to the City of Los Angeles Building and Safety Department under the current zoning laws. Buyers and the buyer’s agents are strongly recommended to check with the related authorities regarding the zoning and construction potentials and possibilities. Sellers and Seller’s agent make no presentations of any kinds regarding the feasibility of number of units allowed to be built on these properties. SOLD FOR LAND VALUE ONLY. Located on one of the most desirable streets in Palms Area with close proximity to restaurants, markets, clubs, Venice Beach, Marina Del Rey, Beverly Hills, LAX, Downtown Los Angeles, Public Transportation, Freeways, Employment and Business centers.

Santa Ana, 331 East Chestnut Drive

Price: $5,390,000
Units Total: 22
Lot Size: 19,713
Living Area: 13,742
Year Built: 1986
Parking: 36
Days on Market: 36
Description: City of Santa Ana. Built in Year 1985. Gated Community for 22 Units in Four Connected buildings, 22 units with Gated 34 Parking Spaces. The Property is Located in High Rental Demand and High Employment Area of Santa Ana. No Rent Control. Each Unit Has It’s Own Water Heater. The 14 Units are One Bedroom with One Bath (Current Monthly Rent $1,075, Market Rent $1,275). Another 8 Units are Two Bedrooms with TWO Baths (Current Monthly Rent $1,400, Market Rent $1,675). Total Monthly Gross Rent is $26,155. (Annual Pro Forma Gross Rent #370,800) Annual Gross Income is $313,860 Plus Annual Laundry Income $5,100, Annual Expense Approx. $78,889, Annual Net Income $240,070. Near BY Main St and Chestnut Dr. Walking Distance to Downtown Santa Ana, Freeway 5, McDonald’s, Shopping Center and Bus Stations.

Santa Monica, 1053 18TH Street

Price: $5,300,000
Units Total: 7
Lot Size: 9,608
Living Area: 9,650
Year Built: 1958
Parking: 6
Days on Market: 93
Description: (EXCEPTIONAL FRONT HOUSE-LIKE 3200 sq.ft UNIT (including basement with windows, exceptional work / live possibility with 2 parking space) (Basement can be accessed independently from outside or from the unit) can be delivered vacant – Pride of ownership- Prime Santa Monica area- Very well built and maintained – Earthquake retrofit done by permit- Copper Plumbing- Six of the units have pretty much identical floor plans. All units have large porch or balcony – Rent for unit #1 includes $220 / mo for a (garage month to month lease) Additional $4860 / year income from two storage rooms and laundry- Units #4 and #6 have recently been renovated- All units have separate gas and electric meters. Buyer and Buyer’s agents to do any and all investigations and verify all information regardless of the source including but not limited to condition, size of structure, room quantity, lot size, permits and etc. Owner willing to remain and leaseback unit #7 Please do not disturb tenants.

Hermosa Beach, 821 Manhattan Avenue

Price: $5,300,000
Units Total: 7
Lot Size: 2,995
Living Area: 3,865
Year Built: 1953
Parking: 6
Days on Market: 10
Description: 7 UNIT BUILDING THAT HAS BEEN COMPLETELY REMODELED! 2 BLOCKS TO THE OCEAN AND 2 BLOCKS TO DOWNTOWN! ALL NEW KITCHENS WITH QUARTZ COUNTERS, SUBWAY TILE BACK SPLASHES, NEW CABINETS, FARM SINKS AND STAINLESS STEEL APPLIANCES INCLUDING REFRIGERATORS, RANGES, DISHWASHERS AND MICROWAVES. ALL UNITS ALSO HAVE LG WASHERS AND DRYERS. WHITE OAK ENGINEERED WOOD FLOORING THROUGHOUT ALL UNITS. NEW HEATERS, NEW WINDOWS, RECESSED LIGHTING. 4 OF THE UNITS HAVE SKYLIGHTS. ALL NEW BATHROOMS FEATURING RAINHEAD SHOWERS, NEW GLASS ENCLOSURES, SUBWAY TILE AND NEW FIXTURES. SOME UNITS HAVE OCEAN VIEWS AND UPPER TWO BEDROOM HAS A GOOD SIZED DECK AS WELL. BUILDING FEATURES ALL NEW COPPER PLUMBING, NEW ROOF, RAILINGS, DECKS, WALKWAYS, STAIRS AND GARAGE DOORS. NEW ELECTRICAL MAIN PANEL, NEW SUBPANELS INSIDE EACH UNIT AND ELECTRICAL IS UNDERGROUND! EXTERIOR IS A COMBINATION OF SMOOTH STUCCO AND MODERN BARN WOOD SIDING.

Whittier, 13112 Hadley Street

Price: $5,280,000
Units Total: 22
Lot Size: 15,178
Living Area: 17,127
Year Built: 1992
Parking: 24
Days on Market: 36
Description: Well maintained quiet neighborhood in the City of Whittier. “Bright and Hadley Building”. Built in 1991. Total 22 units mix building. Non-Rent Control. Inside total 17,127 sq. Ft on the lot size of 15,178 sq.ft. Downstairs has 12 units of Professional Offices. Upstairs has 10 units of Residential Apartments. Each unit has its own Central AC / Heating System and Water heater, new Dual Panel Windows, Crown Ceiling Molding, Wood Flooring. Upstairs are 10 Residential Units, 4 have 2 bedrooms / 2 baths, plus 4 units with 2 bedrooms and 1.5 bathrooms. 1 unit has 2 bedrooms and 1 bath and 1 unit has 1 bedroom and 1 bath. Total gross yearly rent approx. $333,271. The yearly expenses approx. $92,213. Annual yearly net profit is approx. $241,057. Upstairs has Laundry Room for Residential Tenant use. It is an excellent Investment Building for Long Term and Short Term Investors which allows the new Investor a great opportunity to increase the rents. An underground Gated Parking Lot. Nearby Whittier City College, Whittier City Hall, Post Office, Library and Whittier Old Town.

Newport Beach, 2110 West Oceanfront

Price: $5,275,000
Units Total: 4
Lot Size: 3,920
Living Area: 4,800
Year Built: 1925
Parking: 5
Days on Market: 74
Description: RARE OPPORTUNITY. THIS OCEANFRONT / BOARDWALK RETAIL / RESTAURANT AND CONDO LOCATION OFFERS STUNNING OCEAN VIEWS FROM THIS ONE OF A KIND PROPERTY ON THE BALBOA PENINSULA. ONE OF THE MOST SOUGHT AFTER LOCATIONS IN NEWPORT BEACH AND SO CAL FAMOUS BEACH AREA. THIS PROPERTY CONSISTS OF TWO RETAIL STORES (DOWNSTAIRS) and TWO CONDOS (UPSTAIRS) – ONE CONDO WITH FULL ON UNOBSTRUCTED OCEAN VIEWS. PATIO AREA AND LAUNDRY AREA, PARKING FOR 4 CARS AND LARGE STORAGE AREA. PRIVATE STAIRCASE TAKES YOU TO THE UPSTAIRS CONDOS. TWO RETAIL UNITS WITH PERFECT LONG TIME TENANTS. ADDRESS 2112 ALSO INCLUDED IN SALE. Walking distance to beach, pier, pubs and boardwalk. ****PLEASE DO NOT, I REPEAT! DO NOT DISTURB ANY OF THE TENANTS.

Santa Monica, 1143 11TH Street

Price: $5,250,000
Units Total: 11
Lot Size: 7,512
Living Area: 5,040
Year Built: 1938
Parking: Yes
Days on Market: 42
Description: Santa Monica Historical multifamily opportunity north of Wilshire. Enjoy beautiful architecture, cash flow and future upside with this ideally located Multifamily investment. Santa Monica has been rated one of the highest rental markets in the nation, combined with A-Plus locale makes this fantastic real estate to park your cash and watch it grow. One bedroom and studio units equate to less long term tenants common in Santa Monica rent controlled buildings. The interiors of the units are classic 1920s look and feel with tile and hardwood floors and counters for easy and low cost turn-around for new tenants. Added benefit for the new owner would be to apply for the Mills Act to reduce your property tax as well as other incentives to further your return on investment. See assessor and city to verify all building data. Marketing package included under documents with full rent roll. Rent roll includes September 2017 rent increases.

Thermal, 69245 Polk

Price: $5,250,000
Units Total: 1
Lot Size: 1,461,438
Living Area: 0
Parking: 0
Days on Market: 127
Description: There are a total of almost 144 acres of farm land. 95 acres are certified organic. There is a fully functioning packing house and distribution facility. There is a working website and storefront that has customers all over the world. Old trees have been eliminated and replaced with newer trees that are starting to produce full crops. The purchase includes APN’s 751290004,014,015 and 016,751280012,015. The crops include a Grove of Fan Palms, Date trees that include Medjool, Barhee, Deglet noor and Zagloos. The Citrus produced on farm includes Minneola Tangelo, sweet lime, Temple Oranges, grapefruit (White, Ruby, Rio Red) , Lemons, Blood oranges, Sour Oranges, and Kumquats. Trucks and Equipment are included in the sale. See the attached document for inventory list. The Brown Date Garden has been a flourishing farm since the 1930’s.

Long Beach, 5465 East 2nd Street

Price: $5,250,000
Units Total: 23
Lot Size: 3,999
Living Area: 4,983
Year Built: 1947
Parking: 0
Days on Market: 73
Description: We are pleased to present an attractive 23 unit apartment building located in the beautiful area of Naples Island in Long Beach, CA. The subject property is situated less than one block from the ocean and walking distance to restaurants, shops, entertainment and retail stores on 2nd Street. This property contains (22) Studio / one-bathroom units and (1) one-bedroom / one bathroom unit. Built in 1947, the subject property was completely renovated inside and out in 2016. Exterior upgrades includes new windows, paint, full replacement of iron railings, wood structure upgrades, recent termite fumigation and redesign of all stonework. The property uses Solar Panels to drastically reduce the overall utility cost to the owner. Paid utilities are highly sought after on the rental market. Having a solar panel installation allows the building to offer all utilities paid as an incentive and a marketing differentiator while continuing to maintain lower than market utility costs. Interior upgrades include stone-counter tops, cabinetry, hardwood floors and new appliances. Nearby restaurants include Michael’s, Chianina Steakhouse, Roe Seafood, Nico’s, Riley’s and Brix at the Shore. The location is very bikeable as biking is convenient for most trips.

Thermal, 82800 58th Street

Price: $5,200,000
Units Total: 7
Lot Size: 3,332,340
Living Area: 0
Parking: 14
Days on Market: 290
Description: Rancho Polo Equestrian Center is a one of a kind facility. Situated in Thermal California right in the heart of the Coachella Valley and around the corner from the Madison Club, The Quarry, PGA West, the Thermal Race Track, Polo Clubs and the famous Coachella Valley Music Festival. There are two parcels that are being sold together for a total of 76.05 prime acres. They include APN #764-130-027 and APN #764-130-030. The ranch includes 7 homes total, two-2 bedroom homes and five-3 bedroom homes, 20 RV hookups, 7 barns with housing for at least 120 horses, round pen, covered hay storage, 40 acres of irrigated pasture, race track, 4 arenas with wonderful footing, large polo field and bridle paths. The zoning on this property will allow several different options. Great opportunity awaits for something special to develop on this property and location. Call for more information.

7581 Warner Ave Avenue

Price: $5,200,000
Units Total: 11
Lot Size: 16,117
Living Area: 13,305
Year Built: 1988
Parking: 24
Days on Market: 22
Description: “ CALL FOR OFFERS, SELLER ENCOURAGES ALL OFFERS TO BE SUBMITTED BY 5 PM PST, WEDNESDAY SEPTEMBER 20,2017” Built in 1988, Huntington Beach Terrace Apartments is a Class A. Consisting of 11 very spacious two and three bedroom apartments, 10 of which have been recently renovated. Completed between 2016 and 2017, each unit now boasts new interior paint, window awnings, granite counter tops, stainless steel appliances (dishwasher / refrigerator / sink / stove top / oven / micro-wave), cabinets / hardware, kitchen fixtures, faux wood flooring, ceiling fans, electrical outlets, bathroom vanity cabinets, toilets, flooring, showers, lights, mirrored closets, interior doors, etc. Additionally, each unit enjoys a newly renovated balcony or patio, renovated on-site laundry on each of the 3 levels, private enclosed parking garage (16 total), and ample guest surface parking (8 open spots). Standard to each apartment is metered gas and electric, central air conditioning / heat, and individual water heater. Water, trash, and sewer is billed back through a RUBS program. Displaying new exterior paint, monument signage, landscaping, and full video surveillance, this multi-family investment offering is strongly positioned for a quick sale in what is considered to be a solid beach city rental market. PLEASE CALL AGENT FOR COMPLETE MARKETING PACKAGE

Pasadena, 95 North Michigan Avenue

Price: $5,150,000
Units Total: 16
Lot Size: 14,991
Living Area: 10,588
Year Built: 1961
Parking: 16
Days on Market: 87
Description: The property is located on the south west side of Michigan Ave and Union St, several blocks away from the Pasadena Playhouse District, an eclectic cosmopolitan community rich in history and architecture. It is also located within walking distance to the world renowned California Institute of Technology (CALTECH) and Pasadena City College (PCC). The close proximity to some of the largest colleges in San Gabriel Valley provides a unique opportunity for an investor to rent out the units to college students. Because of this superb location, it has a Walk Score 91 out of 100, demonstrating high “walkability” to a variety of nearby amenities such as restaurants, shops, health clubs and entertainment venues. The property is a garden style two story building that was built in 1961. It offers a superb unit mix of four (4) 2bed + 1bath, and twelve (12) 1bed + 1bath units. The total building size is 10,588 sq.ft and it is situated on a large 14,991 sq.ft lot. Each unit is separately metered for electricity and gas. Ten (10) units have private patios. Some units have been updated with laminate wood flooring, mirrored closet doors, tiled bathroom, and tiled kitchen vanity. Most of the units have carpet flooring, and laminate kitchen countertops. Parking is provided by carport and tuck under parking in the back. There are total 16 parking spaces and storage spaces in the parking area. There is a shared laundry room in the parking area.

Long Beach, 5914 East Naples Plaza

Price: $5,100,000
Units Total: 13
Lot Size: 6,051
Living Area: 9,648
Year Built: 1930
Parking: 2
Days on Market: 135
Description: Luxurious, One of a Kind, Spanish Style Mixed Use Trophy Investment on Naples Island! Beautiful Owner’s Penthouse featuring 360 degree views of ocean, bay, and mountains. A very unique Naples Island captivating opportunity to own a mixed-use commercial / residential building located on a double lot. The 1st floor offers 4 commercial spaces with 10 + yr tenants, two 1bd / 1ba units and a studio unit w / kitchen. The second floor offers a 2bd / 1ba unit, two 1bd / 1ba units, 2 studio units, and entry to the beautiful two floor penthouse with over 3000 sq.ft. The entire third floor (Added in 1985) offers the penthouse with tile and hardwood floors, 3 decks, master suite and 360 degree views of Catalina Island, San Pedro, San Gabriel Mountains, and Laguna Hills. Naples Island is home to the premier Long Beach Yacht Club and top rated Naples Elementary School (10/10 rating). Residents can paddle-board and kayak in the serene Naples Island Canals and sail away through Alamitos Bay to the Pacific Ocean. Home to Marine Park and Mothers Beach; a favorite, local, family-friendly location with protected swimming areas, kids playground, grass lawns, and picnic facilities. Naples Island also plays host to an annual Holiday Boat Parade, a proud 70-year tradition among local boat enthusiasts. Naples Island neighbors Belmont Shore and Seal Beach with highest rental rates for beach living. Please see attached DRONE video and actual financials in the MLS.

Santa Monica, 1244 EUCLID Street

Price: $5,095,000
Units Total: 12
Lot Size: 7,492
Living Area: 9,042
Year Built: 1965
Parking: Yes
Days on Market: 74
Description: We are pleased to offer this twelve unit apartment complex in Santa Monica. Great unit mix consisting of 1 – 3bd / 1.75ba; 6 – 2bd / 2ba; 3 – 1bd / 1ba; and 2 – singles. Mid-city, just South of Wilshire Blvd. All units are LEGAL. Property is subject to: Santa Monica rent control, development control, and soft-story earthquake retrofit ordinances.

Manhattan Beach, 1436 12TH Street

Price: $5,095,000
Units Total: 7
Lot Size: 10,503
Living Area: 7,382
Year Built: 1973
Parking: 15
Days on Market: 67
Description: -Seven Spacious Two- Bedroom / Two-Bathroom Apartments, Each a Two-Story Town-House Configuration -52% in Rental Upside with Fully Remodeled Interiors -Immediate Rental Upside, As-Is -Separate 640-Square-Foot Building Provides Potential Eighth Unit* -Non-Rent Controlled -Huge 10,503-Square Foot Lot -City Code Allows for 8-Unit Condominium Development** -15 Parking Spaces and Laundry Facility On-Site *Buyer to verify

1090 East San Antonio Drive

Price: $5,000,000
Units Total: 20
Lot Size: 22,247
Living Area: 14,980
Year Built: 1948
Parking: 11
Days on Market: 11
Description: The San Antonio Apartments is a 20-unit apartment community consisting of 16-one bedroom units and 4-studio units, located in the affluent Bixby Knolls neighborhood of Long Beach. The property offers investors a unique opportunity to acquire a highly sought-after property with over 15% rental upside in a strong non-rent controlled market. Located in prime Bixby Knolls across the street from the beautiful Bixby Knolls Park.

Beverly Hills, 348 South ELM Drive

Price: $5,000,000
Units Total: 6
Lot Size: 6,071
Living Area: 6,835
Year Built: 1954
Parking: Yes
Days on Market: 94
Description: We are pleased to present this exceptionally well maintained and renovated six-unit multi-family residential community, in the world famous Beverly Hills submarket, of Los Angeles, California. This apartment community consists of an excellent unit mix of three, one-bedroom / one-bath, two, two-bedroom / one-bath units, and one, three-bedroom / two-bath unit. Unit amenities feature spacious floor plans, with air-conditioning, balconies, and laundry machines. Property amenities include a laundry room, ample on-grade covered parking, and the property has front and rear access. The subject property is located on Elm Drive, between Wilshire Boulevard and Olympic Boulevard. To the south of the property is Hillcrest Country Club, and to the north (within walking distance) is world famous and upscale Rodeo Drive. The property is also within close proximity to 5 Star Hotels such as The Montage, Beverly Hills Hilton, The Waldorf Astoria, Four Seasons, and others.

Marina del Rey, 14 MAST Street

Price: $4,995,000
Units Total: 5
Lot Size: 3,151
Living Area: 6,261
Year Built: 1973
Parking: 7
Days on Market: 158
Description: Great opportunity to own a rare Silicon Beach 5 unit Building on the Marina Peninsula with many possibilities. Located on a beautiful walk street, steps to the beach, close to all the popular restaurants and shops in Venice and Marina Del Rey. One of the fastest booming area’s becoming the new tech capital of California. 2 Multi level units some with 2 story living rooms with multipurpose loft area. Great mix of units, most with their own private garages. 2 units have large spectacular Ocean view rooftop patios. Many possibilities to AIRBNB, or owner user one or a few of the units. One unit currently vacant but other units can be delivered vacant. Possibilities are endless. Multi-level units have large, bright 2 story living rooms with open kitchen w / stainless steel appliances with granite counter tops and more. Landscaped garden area located on a beautiful walk street.

Los Angeles, 1433 MIRAMAR Street

Price: $4,989,000
Units Total: 24
Lot Size: 12,941
Living Area: 10,584
Year Built: 1949
Parking: Yes
Days on Market: 17
Description: SEE ATTACHED OFFERING MEMORANDUM AND DRONE VIDEO! SEE ATTACHED OFFERING MEMORANDUM AND DRONE VIDEO! OPPORTUNITY KNOCKS LOUDLY AT 1433 MIRAMAR STREET, A 24-UNIT VALUE-ADD / DEVELOPMENT PROPERTY LOCATED IN LOS ANGELES’ DENSE AND GENTRIFYING WESTLAKE NEIGHBORHOOD. SITUATED BETWEEN LOS ANGELES’ MOST TRENDY AND RAPIDLY EVOLVING AREAS, WESTLAKE IS POISED TO BE THE NEXT MAJOR SCENE OF REVITALIZATION. THE PROPERTY CONSISTS OF 18 STUDIOS AND 6 ONE-BEDROOM UNITS TOTALING 10,814 sq.ft, AND FEATURES 21 PARKING SPACES (4 NON-PERMITTED). THE PROPERTY SITS ON A 12,941-SQUARE FOOT DOUBLE LOT WITH LACW ZONING, PROVIDING A DEVELOPER THE ABILITY TO BUILD TO A HEIGHT OF 75 ft (BUYER IS REQUIRED TO CONDUCT HIS / HER OWN INVESTIGATIONS). OVER $500,000 HAS BEEN INVESTED IN THE PROPERTY TO FULLY GUT AND REMODEL 14 OF THE UNITS; CONTINUED RENOVATIONS ON THE REMAINING UNITS, OFFER AN INVESTOR THE POTENTIAL TO INCREASE ANNUAL GROSS INCOME BY OVER $60,000 ANNUALLY.

Playa del Rey, 333 PERSHING

Price: $4,950,000
Units Total: 9
Lot Size: 5,529
Living Area: 7,601
Year Built: 1962
Parking: Yes
Days on Market: 256
Description: Unique mix of commercial and residential property under one APN number. C4 with R3 overlay in Downtown Playa del Rey, Prime Silicon Beach location. Five (5) retail shops on Playa del Rey’s main street Culver Blvd, with Four (4) residential units above, with entrance on Pershing Drive. All within blocks to the beach. Great creative potential. Strong upside. This is a rapidly gentrifying area, and an underserved market.

Playa del Rey, 318 CULVER

Price: $4,950,000
Units Total: 9
Lot Size: 5,529
Living Area: 7,601
Year Built: 1962
Parking: Yes
Days on Market: 51
Description: The challenge to transform this mixed-use 9 unit property equals the reward. Four LAR- #Units above 5 Retail shops fronting Culver Blvd. Feasibility studies have explored a 13-18 unit potential within conforming guidelines of a dual street frontage building. This unique mix of 5 LAC-4 with 4 LAR-3 properties are all under 1 APN. ZIMAS has redefined the APN as all LAC-4, providing a more creative best use scenario for the property. Strong upside for the development in an underserved, but rapidly gentrifying market. Just three blocks to the Beach. Pedestrian Traffic has quadrupled in the past year alone.