This brilliant 4-Plex in Palms offers 50% upside in rents in an irreplaceable location. Transit development & amenities in Palms/Culver City surrounds the property including The Palms Expo Station, Culver Steps Development Project, Sony Studios, NFL Network Headquarters, and many Culver City restaurants. Despite the nearby attractions, it's nestled on a quiet street with mostly single family homes. The (4) 2 Bed/1 Bath units are large and bright, and each units has its own tandem parking space for 2 cars. The well-kept building has all-copper plumbing throughout, new sewer/waste lines (2021), brand new sliding windows, all new electrical panels & main service, and new A/C in each unit. The recently renovated laundry room was just equipped with new W/D owned by the Seller (no laundry contract) which provides monthly laundry income. The entire foundation has been bolted/braced for earthquake retrofitting making this property safe and efficient to operate for the future. Additionally, the Sellers recently termite tented the entire building. Its offered for the first time in over 10+ years, and at a $421 Price Per SF, it represents a real value that won't be available for long.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
