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PENDING

4024 Lincoln Avenue, Culver City, CA 90232$1,499,000

4
beds
3
baths
2055
ft2
· 6753
ft2 lot
$729 / ft2

Listing provided courtesy of James Gilb, James F. Gilb
Source CRMLS;
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***Price Reduced*** 4024-28 Lincoln Avenue is a very well located 1940's era triplex in a prime location on a one way, treelined street just west of Downtown Culver City. This single-story income property contains 2 one-bedroom and 1 two-bedroom unit with a three-car garage building on the rear of the lot. Each unit has both front and rear entrance. This very walkable location is minutes from the restaurants and nightlife associated with the DDCC shopping district and only a few blocks from weekly Tuesday Farmers Market on Main Street. Location enjoys good access to the 10 and 405 freeways and is not far from the Expo Light Rail Line (E) Robertson passenger station. It is simply one of the most coveted neighborhoods in all of Los Angeles. Culver City is one part of a cluster of high technology and entertainment associated employers that produce content for a growing number of entertainment streaming services, including Apple TV and Amazon Prime. The Hayden Tract is another area of the city that contains a high concentration of high paying employment opportunities. We ask all interested parties to please respect the tenant's privacy by not walking on the property. Full broker offer memorandum available in the document section of the MLS profile page. Please call listing agent for additional information.

HOA

No HOA

On market

3 months

Year built

1940

Property type

Multi-Family

Parking

3

MLS

22172397

Price / Sq.Ft.

$729 / ft2

Status

Pending

Buyer’s Brokerage Commission

2%

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Home details for 4024 Lincoln Avenue

Interior Features & Layout
Appliances
•   
Appliances: Disposal, Gas Range
•   
Has Appliances
•   
Laundry: 1
Heating & Cooling
•   
Has Heating
•   
Heating Details: Gravity, Wall Furnace
Interior Size
•   
Building Area Total: 2055.00
Property, Lot, Community & Exterior Features
Building Info
•   
Entry Location: Living Room
•   
Zoning: CCR4*
•   
Roof: Composition, Shingle
•   
Stories Total: 1
•   
Num Stories: One
•   
Year Built Source: Assessor
•   
Construction Materials: Stucco
Parking Info
•   
Parking Available: 1
•   
Parking Features: Garage - Three Door
Lot Info
•   
Lot Size Source: Assessor, Assessor
•   
Lot Size Acres: 0.1550
•   
Lot Size Dimensions: 50x135
•   
Lot Size Area: 6753.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 1
•   
Total Units: 3
Property Type
•   
Architectural Style: Mid Century Modern
Exterior Features
•   
Direction Faces: West
Utilities & Other Information
Water & Sewer Info
•   
Sewer: Other
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 50256.00
•   
Cap Rate: 1.40
•   
Total Expenses: 26231.00
•   
Gross Multiplier: 0.00
•   
Rent Control Yn: 1
Tax/Assessment Info
•   
Gross Income: 50256.00
Lease Info
•   
Net Operating Income: 23019.00
Listing Info
•   
Status: Pending
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 2
•   
Unit 3 Actual Rent: 1900.00
•   
Unit 3 Total Units: 1
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 1900.00
Unit 2 Information
•   
Unit 2 Actual Rent: 1188.00
•   
Unit 2 Bedrooms: 1
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Total Rent: 1188.00
Unit 1 Information
•   
Unit 1 Bedrooms: 1
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 1100.00
•   
Unit 1 Total Rent: 1100.00
Multi Unit Information
•   
# Of Units: 13
School Neighborhood & Directions
School Info
•   
Directions: Just east of Culver Blvd on Lincoln Avenue.
Other
Calculation
•   
Dom: 73

Neighborhood snapshot

16
Properties for sale
12.5
Median days on market
$1003.21
Median sold price/sqft
101.07%
Sold/List %
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Property History for 4024 Lincoln Avenue

09/08/2022
09/08/2022
CRMLS #22172397
pending
CRMLS #22172397
$1,499,000
09/05/2022
09/05/2022
CRMLS #22172397
active
CRMLS #22172397
$1,499,000
--9.15%
06/27/2022
06/27/2022
CRMLS #22172397
active
CRMLS #22172397
$1,650,000

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