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Key Details
Sold Price $4,975,000
Property Type Multi-Family
Sub Type MultiFamily
Listing Status Sold
Purchase Type For Sale
Square Footage 14,760 sqft
Price per Sqft $337
MLS Listing ID SB18281579
Sold Date 12/03/19
HOA Y/N No
Year Built 1958
Lot Size 0.261 Acres
Acres 0.2609
Property Description
Here is a fantastic development opportunity near downtown Culver City with proximity to many restaurants, film production studios, entertainment and the Metro Line. This property is approximately 1.2 miles from either the Culver City Station or the Palms Station of the Metro Line. Google Maps says its a 15 minute walk to the Culver Station. The property boasts a Walk Score of 94! Zimas shows the property to be a Tier 3 Transit Oriented Community (TOC) but buyer is advised to verify with the City of Los Angeles.
There is significant new construction currently under development in very close proximity to this asset. Value is in the land!
This property 3820 Overland Ave. (APN# 4208-009-061) is being sold together with the adjacent property at 3824 Overland Ave. (APN# 4208-009-062). Combined the two parcels total approximately 11,364 square feet and the two buildings total approximately 14,760 square feet. Zoning is LAR3 and there are 12 on-site parking spaces. Currently there are 24 rent controlled units in two buildings with eleven single and thirteen one-bedroom units.
All information is deemed to be reliable but buyer and buyer's agent are responsible for verifying all information given.
Location
State CA
County Los Angeles
Area C28 - Culver City
Zoning LAR3
Rooms
Ensuite Laundry CommonArea
Interior
Laundry Location CommonArea
Fireplace No
Laundry CommonArea
Building
Lot Description ValueInLand
Water Public
Others
Tax ID 4208009061
Financing Conventional
Special Listing Condition Standard
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Bought with Woody Stahl • Lyon Stahl Investment Real Est
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Tracy Thrower Conyers
Broker Associate, JD | License ID: 01712960
Broker Associate, JD License ID: 01712960