3272 Fay, Culver City, CA 90232
3272 Fay, Culver City, CA 90232
3272 Fay, Culver City, CA 90232
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,200,000
Est. payment /mo
4,839 Sqft Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW26152845

HOA Y/N No

Year Built 1961

Lot Size 4,839 Sqft

Property Sub-Type Quadruplex

Property Description

Exceptional investment opportunity in the heart of Culver City. This well-maintained fourplex offers strong current income with significant upside potential. The property consists of three 1-bedroom, 1-bath units and one 2-bedroom, 1-bath unit, generating current rents of approximately $6,434 per month, with estimated market rents exceeding $8,400 per month.

Two of the lower units have been extensively remodeled within the last two years and feature newer windows, providing immediate value and reduced maintenance costs. The property is occupied by stable, long-term tenants, creating reliable cash flow while allowing investors to capture future rental upside.

Parking is a major advantage, with five dedicated parking spaces located at the rear of the property and the potential to create two additional parking spaces in the front. Additionally, the City has indicated that an ADU may be possible, offering investors another opportunity to increase income and maximize the property's potential.

Whether you are looking to expand your portfolio, execute a value-add strategy, or secure a long-term asset in a desirable rental market, this fourplex presents a rare combination of stable income, rental growth potential, and future development opportunities.

Location

State CA

County Los Angeles

Area C28 - Culver City

Interior

Cooling ENERGY STAR Qualified Equipment

Fireplace No

Laundry None

Exterior

Parking Features Assigned, Paved

Pool None

Community Features Curbs, Sidewalks, Urban

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4312021020

Acceptable Financing Cash, Conventional, 1031 Exchange, FHA, Fannie Mae

Listing Terms Cash, Conventional, 1031 Exchange, FHA, Fannie Mae

Special Listing Condition Standard

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Listed by Stephen Ceausu Stephen P Ceausu, Broker #02099019

NEARBY SCHOOL & BUSINESS

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