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9051 Lucerne Avenue $2,299,999

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    9051 Lucerne Avenue Culver City, CA 90232

    • 6 Beds
    • 5 Baths
    • 3,306 sq. ft.
    • Multi-Family
    • MLS# 22195297
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    Views: 2 Days On Market: 69

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    Property Details

    This is an amazing opportunity to acquire an income producing triplex in the heart of Culver City. Two of the three units are near completion. The third and back unit will need to be constructed. The plans are approved now. Cap rate of the finished product will be between 5.19-6. The architectural/structural plans and cash flow analysis are available upon request. Unit 1: 2 bed, 2 bath, approximately 1,281 sq ft Unit 2: 1 bed, 1 bath, approximately 586 sq ft. Unit 3: 3 beds, 2.5 bath with attached 2 car garage and 2 carports, approximately 1,439 sq ft (to be constructed). The new owners can capitalize on high rental demand for the area. The tenants can enjoy the property's location as it's walking distance to Downtown Culver City and close proximity to the freeways, downtown LA, beach communities and studios including Amazon, Sony and HBO. Culver City has lots of recent, on-going and planned developments including but not limited to the Ivy Station, The Culver Steps, Culver Public Market Hall and the Media Park Revitalization and Conceptual Plan Development. This property is perfect for a first time home buyer to live in one of the units, rent out the other two units to help with the mortgage or for an investor who's looking for passive income.

    • General Features
      • Buyer Compensation 2.500 %
      • County Or Parish Los Angeles
      • Number Of Buildings 2
      • Number Of Units Total 3
      • One-Qtr Bathrooms 0
      • Property Condition Under Construction
      • Three-Qtr Bathrooms 0
      • YearBuilt 1923
    • Building Features
      • Appliances None
      • Bedrooms Total 6
      • Cooling None
      • Full Bathrooms 0
      • Half Bathrooms 0
      • Heating None
      • Living Area 3306.00
    • Property Features
      • Lot Size Acres 0.13
      • Pool Private Y/N 0
      • Pool Features None
      • View Error: ClassID in tblMLSFieldPropertyType is null.
      • Parking Total 6.00
      • Lot Size Dimensions 44x135

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    Neighborhood

    90232 (Culver City) Demographics

    38 Median Age
    7,039 Population Density (per sq. mile)
    65% College Educated
    $98,116 Estimated Median Income
    2,574 Estimated Total Home Owners
    4,199 Estimated Total Renters
    38% / 62% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    14,921 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $1,450,000 Median Sales Price
    11 Homes Sold
    11 New On Market

    Average Days on Market

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $2,299,999
        9/2/2022 9:19:00 PM New in Database Source: Multiple Listing Service New Value: $2,299,999

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        * This payment calculator is intended for educational and planning purposes only.
        ** Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Based on information from California Regional Multiple Listing Service, Inc. as of 12/8/2022 4:34:15 AM. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.