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$2,495,000
Est. payment /mo
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25259772
HOA Y/N No
Year Built 1966
Property Sub-Type Mixed Use
Property Description
This well maintained generational asset is on the market for the first time in almost 30 years. Located in the coveted Palms neighborhood, the property is located South of Venice Blvd with a Culver City ZIP. The property consists of 13 total units with (3) 0+1 efficiency units and (10) 1+1 bedroom units spanning 8,159 square feet on a 7,550 square foot lot and 11 parking spaces.
Recent upgrades include a new water heater installed in 2023, new concrete driveway poured in 2025, and a completed soft-story seismic retrofit in 2025, providing an opportunity for a buyer to focus on cosmetic upgrades.
Given the property's zoning, generous lot layout, and existing parking configuration, there is strong potential for the addition of one or more ADUs to further enhance income and long-term value.
Comparable sales in the immediate Culver City and Palms submarkets reflect price-per-unit averages near $270,000. This property presents an opportunity to enter the market at a low cost per unit with significant upside.
Recent upgrades include a new water heater installed in 2023, new concrete driveway poured in 2025, and a completed soft-story seismic retrofit in 2025, providing an opportunity for a buyer to focus on cosmetic upgrades.
Given the property's zoning, generous lot layout, and existing parking configuration, there is strong potential for the addition of one or more ADUs to further enhance income and long-term value.
Comparable sales in the immediate Culver City and Palms submarkets reflect price-per-unit averages near $270,000. This property presents an opportunity to enter the market at a low cost per unit with significant upside.
Location
State CA
County Los Angeles
Area C28 - Culver City
Zoning LAR3
Interior
Heating Radiant
Cooling None
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 2.0
Carport Spaces 5
Garage Description 2.0
Pool None
Community Features Street Lights, Sidewalks, Urban
Roof Type Flat
Total Parking Spaces 13
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 4208007023
Energy Description 500.0
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition Standard
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Listed by Jordan Polon LB Property Management Inc 818-860-2017
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