9051 Lucerne Ave

Culver City, CA 90232 View Map $2,299,999 Schedule a Tour
Beds6
Baths5
Sq.Ft.3,306
Year1923
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Veronica Hicks

Veronica Hicks

(714) 336-5551
 
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Status: Active
Property Type:Residential Income (Multi-Family)
MLS #:22195297
Sq. Feet:3,306
On Site:7 Days
Lot Size:5,945 Sq. Ft.
County:Los Angeles

Listing Agent/Office

Agent:Ruth Elia
Office:Compass
This is an amazing opportunity to acquire an income producing triplex in the heart of Culver City. Two of the three units are near completion. The third and back unit will need to be constructed. The plans are approved now. Cap rate of the finished product will be between 5.19-6. The architectural/structural plans and cash flow analysis are available upon request. Unit 1: 2 bed, 2 bath, approximately 1,281 sq ft Unit 2: 1 bed, 1 bath, approximately 586 sq ft. Unit 3: 3 beds, 2.5 bath with attached 2 car garage and 2 carports, approximately 1,439 sq ft (to be constructed). The new owners can capitalize on high rental demand for the area. The tenants can enjoy the property's location as it's walking distance to Downtown Culver City and close proximity to the freeways, downtown LA, beach communities and studios including Amazon, Sony and HBO. Culver City has lots of recent, on-going and planned developments including but not limited to the Ivy Station, The Culver Steps, Culver Public Market Hall and the Media Park Revitalization and Conceptual Plan Development. This property is perfect for a first time home buyer to live in one of the units, rent out the other two units to help with the mortgage or for an investor who's looking for passive income.

Mortgage Calculator

$000 Monthly Payment
Loan and interest only.

Detailed Maps

Community Information

Address:9051 Lucerne Ave Culver City, CA 90232
Zip Code:90232

Architecture

Bedrooms: 6
Bathrooms: 5
Year Built:1923
Stories:2
Building Area: 3306.0
Number of Buildings: 2
Total Units: 3
Stories Total: 2
Unit 1: 1 Unit • 2 Beds • 2 Baths • Unfurnished • $6,000 pro forma
Unit 2: 1 Unit • 1 Bed • 1 Bath • Unfurnished • $5,000 pro forma
Unit 3: 1 Unit • 3 Beds • 2 Baths • Unfurnished • $7,000 pro forma
Parking Features: Carport, Driveway
Open Parking Spaces: 4.0
Parking Total: 6.0

Property Features

Lot Size: 0.14 Acres / 5,945 Sq. Ft.
Lot Dimensions:44x135
View: City Lights
Zoning:CCR2YY
Directions:On Lucerne Ave between Ince Blvd and Higuera St

Tax and Financial Info

Cap Rate: 6.0
Gross Income: $216,000
Net Operating Income: $168,396

Schools

WALKING AND TRANSPORTATION

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9051 Lucerne Ave Culver City, CA 90232
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9051 Lucerne Ave Culver City, CA 90232
 
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Based on information from California Regional Multiple Listing Service, Inc. as of December 1, 2022. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. IDX provided by Sierra Interactive.
Property Summary:
Home for sale at .

Description: The home at 9051 Lucerne Ave Culver City, CA 90232 with the MLS Number 22195297 is currently listed at $2,299,999 and has been on the Culver City market for 6 days.

GeoCoordinates:
-118.387351
34.02202

List Price: $2,299,999

You are viewing the MLS property details of the home for sale at 9051 Lucerne Ave Culver City, CA 90232, which is located in the subdivision, includes 6 bedrooms and 5 bathrooms, and has approximately 3306 sq.ft. of living area.