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10950 VENICE, Culver City, CA 90232
10950 VENICE, Culver City, CA 90232
10950 VENICE, Culver City, CA 90232
10950 VENICE, Culver City, CA 90232
Listing courtesy of: Oliver Moussazadeh, Oliver Moussa
For Sale (MLS-listed)
$749,000

10950 VENICE Culver City, CA 90232

Beds: 6
Baths: 4
Sq. Ft.: 2,871
$/Sq. Ft.: $261
Lot Size: 5,018 Sq. Ft.
Property Type:Multi-Family
Style:Contemporary
Year Built: 1954
Community: Culver City
County: Los Angeles
MLS#: 09-407677
Source: TheMLS
Status: Active This listing is for sale and the sellers are accepting offers.
On Redfin: 28 days
Turnkey 4-plex on Venice Blvd. in prime condition! 75% of tenants are section 8, guaranteed income! No deferred maintenance, units are upgraded w/ granite countertops, hardwood floors. Newer roof and paint, 3 garaged spaces & 3 open spaces in rear (total of 6). Individually metered water & gas. Laundry room. A great buy for an investor who wants an easily managed income property. * * * * SHOWING INSTRUCTIONS: CALL LA1 / SEE PRIVATE REMARKS * * *

Equipment

  • Cable TV

Parking Information

  • # of Parking Spaces (Total): 6
  • # of Covered Spaces: 3
  • Community Garage
  • Uncovered

Unit 1 Information

  • Number: 1
  • # of Beds: 2
  • # of Baths: 1
  • Monthly Rent: $1,400

Unit 4 Information

  • Number: 1
  • # of Beds: 1
  • # of Baths: 1
  • Monthly Rent: $1,300

Location Information

  • Driving Directions: -

Expense Information

  • Total Annual: $16,900
  • Electric: $300
  • Insurance: $1,000
  • Maintenance: $600
  • Water: $3,000

Interior Features

  • Other (See Remarks)

Community Features

  • Units in Complex (Total): 4

Unit 2 Information

  • Number: 1
  • # of Beds: 2
  • # of Baths: 1
  • Monthly Rent: $1,400

Lot Information

  • Lot Size (Sq. Ft.): 5,018
  • Lot Size Source: Vendor Enhanced
  • Zoning: CCR4*

Property Information

  • Square Footage Source: Vendor Enhanced
  • Assessed Improvement Value: $312,120
  • Tax Parcel Number: 4213001001
  • Legal Disclosures: Take Property As Is
  • Legal Disclosures: Short Pay/Subject to Lender Approval

Listing Information

  • MLS: CLAW
  • Listing Terms: Cash To New Loan

Heating & Cooling

  • Central Furnace
  • Central Air Conditioning

Multi-Family Information

  • # of Buildings: 1
  • Owner Pays Gardener
  • Owner Pays Other Fees
  • Tenant Pays Electricity
  • Tenant Pays Gas
  • Tenant Pays Water

Unit 3 Information

  • Number: 1
  • # of Beds: 1
  • # of Baths: 1
  • Monthly Rent: $1,200

Land Information

  • Assessed Land Value: $733,482

Financial Information

  • Capitalization Rate (%): 6.3
  • Net Operating Income: $46,700
  • Adjusted Gross Income: $63,600
  • Gross Operating Income: $63,600
  • Gross Rent Multiplier: 11.77

Listing last changed

November 9, 2009, 12:18 PM

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Property History for 10950 VENICE

Date Event Price Appreciation Source
Oct 28, 2009 Listed $749,000 -- TheMLS #09-407677
Jan 10, 2006 Sold (Public Records) $1,005,000 35.0%/yr Public Records
Jun 17, 2003 Sold (Public Records) $465,000 -- Public Records

NOTICE: There are past MLS listings for this property which are not being shown. In order to see these listings, MLS Rules require that you Sign In.

Public Facts for 10950 VENICE

Beds: 6
Baths: 4.0
Finished Sqft: 2871
Unfinished Sqft: -
Total Sqft: 2871
Floors: -
Lot Size: 5,018
Style: Multi-Family (2-4 Unit)
Year Built: 1954
Year Renovated: -
County: Los Angeles County
APN: 4213001001
Last Updated: November 19, 2009

These facts may not match MLS-provided listing facts. Learn more.
Source: Public Records

Property Tax

Taxable Value
Land $748,151
Additions $318,362
Total $1,066,513
Tax (2009) $12,594

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