Culver City, CA 90232,3430 Caroline AVE
$1,700,000
$1,899,000
10.5%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

3,498 SqFt

3430 Caroline AVE Culver City, CA 90232

Est. payment /mo
SOLD DATE : 01/12/2021

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP

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

Read Less


California Regional MLS (CRMLS)
Listed by Michael Matthias • Brian Mikail
Bought with Michael Matthias • Brian Mikail

GET MORE INFORMATION

Andy Cleaves

Broker Associate | License ID: 01383386

+1(951) 732-7122

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.