A strategically positioned Culver City adjacent fourplex property for sale. The property is located a stone's throw (approx. 4 blocks) from Culver City which is undergoing an unprecedented cultural renaissance spurned in part by the influx of major employers. This includes HBO who announced that they will occupy 240,000 SF of office space at the Ivy Station development currently under construction just 3,500 feet from the subject property - this is also the location of the Expo line transit stop. The property is 1-mile from "The Culver Steps" mixed use development which Amazon will occupy upon completion in addition to offices across the street for a total of 350,000 SF of office to be occupied by Amazon by year's end. Current rents nearly 40% under market value. The property may also be developed into small lots [4-5 SLO homes]. Several small lot projects are slated for the immediate vicinity with end units fetching well into the $1M range. Row 8 two blocks away for example sold out immediately upon release in the $1.1M-$1.5M range and averaged 1,500 SF each.
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