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SOLD 10/4/2022

4040 La Salle Avenue, Culver City, CA 90232$2,200,000

5
beds
6
baths
3632
ft2
· 6750
ft2 lot
$647 / ft2

Listing provided courtesy of Listing Broker: Brok Butcher, Butcher Realty
Source CRMLS;
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Rare opportunity to own an excellent income property only a couple minutes drive to the Studio’s and downtown Culver City. This 6 unit property features beautiful thick hardwood flooring throughout and updated double paned windows in all units. Charming and well maintained landscaping with a variety of flowers, mature trees, manicured grass and bamboo trees on the east side of the property. There are 6 units total: one (1) 2-bedroom, 1-bathroom unit; 3 (3) 1-bedroom, 1-bathroom units and two (2) Studio with full kitchen. One of the studios has been recently refreshed and upgraded. There are 4 parking spots at the end of the private driveway and laundry hookups in garage. Significant upside in rents based on Proforma. Very rare opportunity to own an income producing 6 unit on one of the most sought after streets in Culver City. New construction built next door, a 4 unit with the same lot size. As an end-user, live in one of the units while collecting income on the other 5 units, many possibilities. Ideal for Both investors and end-users alike!

HOA

$0/month

On market

3 months

Year built

1939

Property type

Multi-Family

Parking

4

MLS

PV22117808

Price / Sq.Ft.

$647 / ft2

Status

Closed

Buyer’s Brokerage Commission

2.5%

Home details for 4040 La Salle Avenue

Interior Features & Layout
Appliances
•   
Laundry Details: In Garage
•   
Laundry: 1
Rooms Info
•   
Average3 Bed Area Units: Square Feet
•   
Average Studio Area Units: Square Feet
•   
Average2 Bed Area Units: Square Feet
•   
Average1 Bed Area Units: Square Feet
•   
Room Information: Laundry
•   
Average Studio Area: 450
•   
Average2 Bed Area: 917
•   
Average1 Bed Area: 605
Interior Features
•   
Interior Features: Granite Counters
Heating & Cooling
•   
Has Heating
•   
Heating Details: Floor Furnace, Wall Furnace
•   
Cooling Details: Wall/Window Unit(s)
Interior Size
•   
Building Area Total: 3632.00
Property, Lot, Community & Exterior Features
Parking Info
•   
Garage Spaces: 4.00
Building Info
•   
Building Area Units: Square Feet
•   
Zoning: CCR4*
•   
Year Built Source: Assessor
Lot Info
•   
Lot Features: Front Yard
•   
Lot Size Source: Assessor
•   
Elevation Units: Feet
•   
Lot Size Acres: 0.1550
•   
Lot Size Area: 6750.0000
•   
Lot Size Units: Square Feet
Community Info
•   
Number Of Buildings: 2
•   
Total Units: 6
Property Features
•   
Common Walls: 2+ Common Walls
Utilities & Other Information
Utilities
•   
Number Of Separate Electric Meters: 4
•   
Utilities: Sewer Connected
•   
Number Of Separate Gas Meters: 4
•   
Number Of Separate Water Meters: 4
Water & Sewer Info
•   
Water Source: Public
•   
Sewer: Public Sewer
Listing Details, Costs & Financing Information
Financial Info
•   
Water Sewer Expense: 2328.00
•   
Maintenance Expense: 5025.00
•   
Cap Rate: 2.07
•   
Total Actual Rent: 9425.00
•   
Fuel Expense: 800.00
•   
Trash Expense: 800.00
•   
Insurance Expense: 2756.00
•   
Professional Management Expense: 0.00
•   
Total Expenses: 14036.00
•   
Gross Scheduled Income: 113100.00
•   
Tax Block: 11
•   
Operating Expense: 14036.00
•   
Gross Multiplier: 24.67
•   
Rent Control Yn: 1
Tax/Assessment Info
•   
Gross Income: 113100.00
Lease Info
•   
Net Operating Income: 99064.00
Listing Info
•   
Status: Closed
Other
•   
Electric Expense: 2328.00
Multi Unit Information
Unit 3 Information
•   
Unit 3 Bedrooms: 1
•   
Unit 3 Actual Rent: 1595.00
•   
Unit 3 Total Units: 1
•   
Unit 3 Furnished Units: Unfurnished
•   
Unit 3 Garage Spaces: 1.00
•   
Unit 3 Bathrooms: 1
•   
Unit 3 Total Rent: 1595.00
Unit 2 Information
•   
Unit 2 Actual Rent: 1950.00
•   
Unit 2 Bedrooms: 1
•   
Unit 2 Total Units: 1
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Garage Spaces: 1.00
•   
Unit 2 Total Rent: 1950.00
Multi Unit Information
•   
Number Wall Ac: 1
•   
# Of Units: 6
•   
Number Of Units Leased: 6
•   
Price Per Unit: 391667
Unit 1 Information
•   
Unit 1 Bedrooms: 2
•   
Unit 1 Total Units: 1
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Garage Spaces: 1.00
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 1900.00
•   
Unit 1 Total Rent: 1900.00
Unit 4 Information
•   
Unit 4 Actual Rent: 1570.00
•   
Unit 4 Total Units: 1
•   
Unit 4 Furnished Units: Unfurnished
•   
Unit 4 Total Rent: 1570.00
•   
Unit 4 Bathrooms: 1
•   
Unit 4 Garage Spaces: 1.00
•   
Unit 4 Bedrooms: 1
Unit 5 Information
•   
Unit 5 Actual Rent: 1575.00
•   
Unit 5 Total Units: 1
•   
Unit 5 Furnished Units: Unfurnished
•   
Unit 5 Total Rent: 1575.00
•   
Unit 5 Garage Spaces: 0.00
•   
Unit 5 Bathrooms: 1
Unit 6 Information
•   
Unit 6 Actual Rent: 835.00
•   
Unit 6 Total Units: 1
•   
Unit 6 Total Rent: 835.00
•   
Unit 6 Furnished Units: Unfurnished
•   
Unit 6 Garage Spaces: 0.00
•   
Unit 6 Bathrooms: 1
School Neighborhood & Directions
Location
•   
Community Features: Sidewalks
School Info
•   
Directions: South on 405 from Downtown LA, exit Culver blvd turn left (northeast), turn right (southeast) on La Salle Ave, 6th property on the left
Virtual Tour Link
Virtual Tour
Other
Calculation
•   
Dom: 78
•   
Cdom: 130

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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walk score® :

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Property History for 4040 La Salle Avenue

10/04/2022
10/04/2022
CRMLS #PV22117808
sold
CRMLS #PV22117808
$2,200,000
--6.38%
08/19/2022
08/19/2022
CRMLS #PV22117808
pending
CRMLS #PV22117808
$2,350,000
07/27/2022
07/27/2022
CRMLS #PV22117808
active
CRMLS #PV22117808
$2,350,000
--11.32%
06/28/2022
06/28/2022
CRMLS #PV22117808
active
CRMLS #PV22117808
$2,650,000
--5.02%
06/02/2022
06/02/2022
CRMLS #PV22117808
active
CRMLS #PV22117808
$2,790,000

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