301 Culver

    Playa Del Rey, CA 90293
    • $5,500,000
    • STATUS: Active
    • ON SITE: 152 days
    • ID#: 19525344
    UPDATED: 73 min ago
    $5,500,000
    • 0
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,441
      SQFT
    • $854
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1946
    County:

    School Ratings & Info

    Description

    First time on market in 48 years. Three retail and one Residential unit. Total building space is 6461 on a 1001 sf lot. prime center of downtown. Unofficial but recognized by both city and state parking in rear has been utilized by all three retail stores for past 56 years. Fifteen diagonal parking on west side of market (also nonconforming). The three retail stores are a market, a florist and a spa salon. The residential (305 1/2 Culver is a permitted 2 + 1, 700 square ft unit with a two car private garage. 1000 sf of private storage warehouse space + common area washer and dryer included.. Zoned LAC-4 (M-1) and operating under the guidelines of Measure Q. Height restriction is 38 ft.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-03-31T08:24:53.67. 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 deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.

    www.teamforss.com/homes/100408706

    301 Culver Playa Del Rey, CA 90293

    • Price: $5,500,000
    • Status: Active
    • Updated: 73 min ago
    • ID#: 19525344
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    6,441
    SQFT
    $854
    $/SQFT
    1946
    Built
    Neighborhood:
    C31 - Playa Del Rey
    County:
    Los Angeles
    Area:
    C31 - Playa Del Rey
    Property Description
    First time on market in 48 years. Three retail and one Residential unit. Total building space is 6461 on a 1001 sf lot. prime center of downtown. Unofficial but recognized by both city and state parking in rear has been utilized by all three retail stores for past 56 years. Fifteen diagonal parking on west side of market (also nonconforming). The three retail stores are a market, a florist and a spa salon. The residential (305 1/2 Culver is a permitted 2 + 1, 700 square ft unit with a two car private garage. 1000 sf of private storage warehouse space + common area washer and dryer included.. Zoned LAC-4 (M-1) and operating under the guidelines of Measure Q. Height restriction is 38 ft.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Other Structures Shed(S) Parking Features Detached CarportGarage - Two DoorUnassignedUncoveredOther Parking YN Yes

    Interior Features

    Appliances Ice MakerVented Exhaust FanRefrigerator Appliances YN Yes Cooling See Remarks Cooling YN Yes Laundry Features Dryer Included

    Property Features

    Cap Rate 1.25 Gross Multiplier 35.26 Gross Operating Income 151320.00 Improvements Amount 100740 Land Value 321069 Laundry YN Yes Net Operating Income 68470.00 Special Listing Conditions Standard Total Expenses 825800.00 Utilities Cable Available Zoning Lac4

    Listing provided courtesy of Thomas Corte of Era Matilla Realty and Dana Wright of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-03-31T08:24:53.67. 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 deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.

     
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