4133 Irving Pl, Culver City, CA 90232

4133 Irving Pl, Culver City, CA 90232

Culver City, CA

Property Description

Rare multifamily investment opportunity located in the sought-after Downtown Culver City area. Great proximity to parks, retail, restaurants, and a movie theater. The property is currently set up as two homes on a street-to-alley lot, with an oversized 480 SF tandem garage w/ existing plumbing that would be a great ADU – making the property a proforma 4.5 CAP. The 1,232 SF front house is in shell condition with remodel plans to either change the floor plan and or add a second story. The rear home has a spacious layout and rents for $6,750 / month. See supplemental section for the OM, preliminary remodel plans and 3D renderings.

Property Features

  • Sale Price: $2,250,000
  • Land Area: 7,699 Sq. Ft.
  • Year Built: 1923
  • Listing Date: 7/24/2023
  • Closing Date: 11/16/2023
  • Units: 2
  • Current GRM: 16.53
  • Current Cap Rate: 4.26%
  • Price Per Unit: $1,249,500
  • Market GRM: 16.53
  • Market Cap Rate: 4.26%
  • Current NOI: $106,444

Lyon Stahl Investment Real Estate

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