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3430 Caroline AVE Culver City, CA 90232
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Key Details
Sold Price $1,700,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,498 sqft
Price per Sqft $485
MLS Listing ID 20636118
Sold Date 01/12/21
HOA Y/N No
Year Built 1954
Lot Size 6,098 Sqft
Acres 0.14
Property Description
3430 Caroline Avenue, a charming 5-unit multifamily asset in Culver City. Located on a quiet tree-lined street near the heart of the Arts District, residents benefit from its proximity to award-winning restaurants and trendsetting boutiques/retailers in Downtown Culver City and the surrounding Silicon Beach neighborhoods. Sitting on a 6,212 SF lot zoned CCR2, 3430 Caroline is comprised of (4) one-bedroom and one bath units and (1) detached one-bedroom and one bath back house. The subject property offers a significant value-add opportunity to potential investors, as current rents are approximately 35% below market value for nicely remodeled units in the area. Additionally, the well-maintained building has upgraded plumbing and each unit has been separately metered for gas and electricity. With walkability to a revitalized downtown scene and significant upside in rents, 3430 Caroline is an ideal long-term investment for investors looking to enter one of LA's hottest submarkets.
Location
State CA
County Los Angeles
Area C28 - Culver City
Zoning CCR4*
Rooms
Ensuite Laundry Common Area, Laundry Room
Interior
Laundry Location Common Area,Laundry Room
Heating Wall Furnace
Cooling None
Flooring Tile, Wood
Fireplace No
Appliance Refrigerator
Laundry Common Area, Laundry Room
Exterior
Garage One Space
Parking Type One Space
Building
Story 2
Others
Senior Community No
Tax ID 4312025016
Special Listing Condition Standard
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Bought with Michael Matthias • Brian Mikail