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In-PersonVirtual Tour
$ 1,700,000
Est. payment | /mo
6 Beds
2,871 SqFt
$ 1,700,000
Est. payment | /mo
6 Beds
2,871 SqFt
Open House
Sat Jun 13, 1:00pm - 1:30pm
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 2,871 sqft
Price per Sqft $592
MLS Listing ID CL26837219
Bedrooms 6
HOA Y/N No
Year Built 1954
Lot Size 4,975 Sqft
Acres 0.11
Property Sub-Type OTHER
Property Description
VACANT 2 BR + 1 BA OWNERS UNIT!!!! 10958 Venice Blvd presents a rare opportunity to acquire a well-maintained 4-unit multifamily property located in a prime West Los Angeles / Culver City location with tremendous future upside through ADU development potential. Built in 1954, the property consists of 2,871 square feet situated on a 4,975 square foot lot and is offered at $1,700,000, equating to $425,000 per unit and $592 per square foot. The property currently operates at an attractive 4.77% cap rate with a 13.69 GRM, providing stable in-place income while offering substantial value-add potential for a new owner.The property is ideal for both investors and owner-users, featuring unit 10964, a 2-bedroom + 1-bath unit, delivered vacant. This provides an excellent opportunity for an owner-user to immediately occupy the unit while benefiting from rental income from the remaining units, or for an investor to capture additional rental upside in a highly desirable Westside rental market. Additionally, unit 10960 is part of the Culver City Rental Assistance Program, providing stable supplemental rental income.A major highlight of the property is the existing rear garage and carport area, which presents a tremendous opportunity for future ADU development. A new owner may have the ability to add additional rental units (buyer to verify with the City of Los Angeles), creating meaningful long-term income growth and increased property value. With California's continued support for ADU expansion and the strong demand for rental housing throughout the Westside, this represents an exceptional investment opportunity rarely found in such a premier location.Ownership has completed approximately $145,030 in capital improvements over the years, demonstrating a strong commitment to maintaining and upgrading the asset. Notably, 3 of the 4 units have been remodeled, helping minimize deferred maintenance concerns while enhancing tenant appeal and long-term investment stability. Improvements include extensive unit remodels, balcony improvements, electrical upgrades, sewer improvements, exterior repainting, kitchen remodeling, multiple water heater replacements, artificial turf installation, and additional building system upgrades.Ownership also installed low-maintenance artificial turf landscaping, significantly reducing operating expenses by eliminating the need for ongoing gardening service while maintaining attractive curb appeal.Ideally situated near the intersection of Venice
Location
State CA
County Los Angeles
Zoning CCR4*
Interior
Heating Wall Furnace
Fireplace No
Building
New Construction No
Others
Tax ID 4213001002
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by David Miller • Miller & Desatnik Realty Co.
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