











Description
Buyer is presented with an incredible opportunity to assume a loan at ~100 BPS under current market rates-$2,307,500 Loan Amount at 3.35% Fixed for 7 years with 3 years IO // 9 Unit multifamily community centrally located in Castle Heights, adjacent to Culver City, at a 3.83 Cap on actuals // Seven out of nine units have been fully renovated, including in unit washers and dryers and new plumbing and electrical // Modern units feature spacious living rooms, hardwood floors, recessed lighting, large closets with built-in shelving, stainless steel appliances, and in-unit washer and dryers // Opportunity to achieve over 20% rental upside by completing upgrades when remaining two units vacate // Residents benefit from onsite, gated parking and secure entrances // Submarket asking rents expected to rise 27% over the next two years // Half a mile from the Palms Station for the Expo Metro line, connecting the property to Santa Monica, Downtown Los Angeles and beyond // Surrounded by known tech hubs of Culver City and the "Silicon Beach" cities of Santa Monica, Venice and Playa Vista // Direct access to shopping and dining destinations in Los Angeles, from Beverly Hills triangle and Century City Westfield Mall to walkable Brentwood and Santa Monica // Easy commutes to job centers including Culver City, Santa Monica, Playa Vista, Beverly Hills, Century City and Downtown Los Angeles
Similar Listings
$120,000,000
12
18
31,608 Sq ft
MLS# 22-154733
No similar listings found
Unfortunately, we don't have any similar listings at the moment. Please remove or change some of the selected filters.

Listing Agent: Noah Pharoah 02179531 Courtesy of: Colliers International Greater Los Angel "All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed."
Updated: 5th July, 2022 12:19 AM (UTC)