* PLEASE READ THE ENTIRE DESCRIPTION *
SELLER IS MOTIVATED. ALL REASONABLE OFFERS WILL BE CONSIDERED.
Douglas Elliman Commercial is proud to present an exceptional investment opportunity with outstanding value-add upside potential in this six (6)-unit multi-family property situated on a highly desirable corner lot in a coveted area of Culver City with strong and consistent rental demand. Boasting a classic mid-century architecture and featuring an excellent unit mix of four (4) spacious two (2)-bedroom units and two (2) generously sized one (1)-bedroom units.
Privately owned and family-operated for nearly 30 years, the sale is solely prompted by an unexpected and recent family member passing. * Typical income/expense records are not available for this property as it has been under managed for some time which provides a new owner an opportunity to optimize the potential inefficiencies in management operations and increase annual revenue.
Many rents are below market value, providing a clear path for revenue growth through rental adjustments. An experienced investor could reposition the asset to achieve a strong and favorable cash flow.
This property is prime for a savvy buyer who recognizes its untapped potential; can implement strategic improvements, and unlock significant value in a high-demand market.