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11846 Atlantic Ave, Culver City

CLOSED

TRIPLEX

$1,650,000

1/31

PROPERTY LOCATION

11846 Atlantic Ave, Los Angeles, CA 90066, USA

PROPERTY DETAILS

Property Type

Multifamily

Units

Price/Unit

3

$550,000

Price/Sqft

$797.87

Building Sqft

2068

Lot Sqft

Current Cap Rate

7352

3.66%

Current GRM

19.37

Year Built

1947

Zoning

Market Cap Rate

CCR1

4.61%

Market GRM

16.29

CONTACT

LISTING TEAM

Nico.jpg

Nico Rosmarin

424.226.9449

DRE 02023847

Nico.jpg

Molly First

424.210.9129

DRE 02065583

Nico.jpg

INVESTMENT DESCRIPTION

Nico Rosmarin and Molly First of Lyon Stahl Investment Real Estate are pleased to present 11846 Atlantic Avenue, Culver City. This 2,068 SF building was built in 1947 and is situated on a 7,352 SF lot. The property is comprised of one (1) two-bedroom + one-bathroom unit and, two (2) one-bedroom + one-bathroom unit with onsite parking.

Some of 11846 Atlantic Avenue renovations include reflective roof coating, restored original inch-thick blonde oak flooring, new ceramic tile, and completed seismic retrofitting. The back unit includes a private back patio/yard.

This triplex is ideally located on a quiet residential street, just a block away from two new large retail/luxury apartment developments that will further increase value in the adjacent area.

11846 Atlantic Avenue offers an astute investor or owner-user the opportunity to acquire a prime multifamily asset in one of the most desirable neighborhoods in Los Angeles’ westside.