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11323 Utopia AVE Culver City, CA 90230
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Key Details
Sold Price $1,750,000
Property Type Residential Income
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PV25044848
Year Built 2022
Lot Size 7,492 Sqft
Property Sub-Type Single Family Residence
Property Description
Investors dream: new construction-like building, low maintenance, high rental demand, and can operate at a 5% CAP rate at pro-forma rents. Front house is 3 beds/2 baths, approx 1956 SF, pro forma rent is $7,000+/month. The 1 bed/1 bath, 588 SqFt, ADU/back-unit has a separate address, private entrance, and private enclosed yard. The back unit is paying $3,150 on a m2m lease. Culver City has great rental returns and high rental demand.
Location
State CA
County Los Angeles
Area C28 - Culver City
Zoning LAR1
Interior
Heating Central
Cooling Central Air, Ductless
Laundry Laundry Closet, Stacked
Exterior
Parking Features Carport, Electric Gate, On Site, Off Street
Fence Vinyl
Pool None
Community Features Urban
Roof Type Asphalt,Shingle
Building
Lot Description 0-1 Unit/Acre
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
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Bought with Paul Byun Dream Realty & Investments Inc