4024 Lincoln Avenue

Culver City, CA 90232

$1,525,000
Last Sold Price
4
Beds
3
Baths
2,055 Sq. Ft.
$742 / Sq. Ft.
2,055
Sq. Ft.
$742
per Sq. Ft.

Description

Price Reduced 4024-28 Lincoln Avenue is a very well located 1940's era triplex in a prime location on a one way, treelined street just west of Downtown Culver City. This single-story income property contains 2 one-bedroom and 1 two-bedroom unit with a three-car garage building on the rear of the lot. Each unit has both front and rear entrance. This very walkable location is minutes from the restaurants and nightlife associated with the DDCC shopping district and only a few blocks from weekly Tuesday...Price Reduced 4024-28 Lincoln Avenue is a very well located 1940's era triplex in a prime location on a one way, treelined street just west of Downtown Culver City. This single-story income property contains 2 one-bedroom and 1 two-bedroom unit with a three-car garage building on the rear of the lot. Each unit has both front and rear entrance. This very walkable location is minutes from the restaurants and nightlife associated with the DDCC shopping district and only a few blocks from weekly Tuesday Farmers Market on Main Street. Location enjoys good access to the 10 and 405 freeways and is not far from the Expo Light Rail Line (E) Robertson passenger station. It is simply one of the most coveted neighborhoods in all of Los Angeles. Culver City is one part of a cluster of high technology and entertainment associated employers that produce content for a growing number of entertainment streaming services, including Apple TV and Amazon Prime. The Hayden Tract is another area of the city that contains a high concentration of high paying employment opportunities. We ask all interested parties to please respect the tenant's privacy by not walking on the property. Full broker offer memorandum available in the document section of the MLS profile page. Please call listing agent for additional information.
  1. Listed by James Gilb • DRE #00998653 • Brokerage DRE #00998653 • James F. Gilb

Property Details for 4024 Lincoln Avenue

Water Front
None
Zoning
CCR4*
Style
Mid-Century
Parcel Number
4207009015
Total Units
3.0
Living Area
2055
Source Living Area
Assessor
Area
Culver City (C28)

Location

Listing Courtesy of James F. Gilb, James Gilb, DRE #00998653

Sold By Miller & Desatnik Realty Co., Gary Fox, DRE #00847295

Add your commute
LISTING UPDATED: 10/27/2022 10:29 AM

Property Details for 4024 Lincoln Avenue

StatusSold
MLS #22-172397
Days on Market73
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1940
Lot Size0.16 AC / 6,753 SF
CountyLos Angeles County

Location

Listing Courtesy of James F. Gilb, James Gilb, DRE #00998653

Sold By Miller & Desatnik Realty Co., Gary Fox, DRE #00847295

Add your commute

Building Information for 4024 Lincoln Avenue

Stories1Residences-Year Built1940Building Size-Lot Size0.16 AC / 6,753 SF

Payment Calculator

$10,014 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,323

Property Taxes

$1,691

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4024 Lincoln Avenue

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 1
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • View: No
  • View Description: None
  • View: None
  • Direction Faces: West
  • Water: Public
  • Sewer: In Street
  • Water Heaters: Yes
  • Water Heater Features: Gas
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash, Cash To New Loan
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $50,256
  • Net Operating Income: $23,019.00
  • Gross Income: $50,256
  • Cap Rate: 1.40%
  • Gross Rent Multiplier: $.00
  • Vacancy Allow Percent: 2.00%
  • Owner Pays: Gardener, Water
  • Total Annual Expense: 26231
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: No
  • Lot Acreage: 0.155
  • Lot Size Square Feet: 6753
  • Lot Size Dimensions: 50x135
  • Source Lot Size Dimensions: Assessor
  • Lot Description: Curbs, Street Asphalt
  • Lot Location: City
Parking Details
Parking Details
  • Parking Garage: Garage - 3 Car
  • Total Parking: 3
  • Covered Parking: 3
  • Parking Features: Garage - Three Door
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: Wall Unit(s)
  • Heating: Gravity, Wall Furnace
  • Heating Type: Gravity, Wall
  • Equipment: Garbage Disposal
  • Cooking Appliances: Gas/Electric Range
  • Laundry: None
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Composition, Shingle
  • Entry Location: Living Room
  • New Construction: No
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 06-27-2022
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,100.00
  • Unit Actual Rent: $1,100.00
  • Unit Projected Rent: $1,650.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,188.00
  • Unit Actual Rent: $1,188.00
  • Unit Projected Rent: $1,650.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,900.00
  • Unit Actual Rent: $1,900.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
  • Number of Disposal: 3
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $123,635.00
  • Assessed Improvement Percent: 40.0
  • Assessed Land Value: $185,464.00
  • Assessed Land Percent: 60
  • Assessed Total Value: $309,099.00

Property History for 4024 Lincoln Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4024 Lincoln Avenue

Taxable ValueLand$915,000Additions$610,000Total$1,525,000
Tax Record2023$20,297 ($1,691 / month)
Home Facts
Total Finished SqFt2,055 SqFtAbove Grade Finished SqFt2,055 SqFtLot Size6,753 SqFtStyleTriplexYear Built1940ZoningCCR4*CountyLOS ANGELESAPN4207-009-015

Schools near 4024 Lincoln Avenue

This home is within Culver City Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Linwood E. Howe Elementary School
PublicK to 5

Culver City Middle School
Public6 to 8

Culver City High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of James F. Gilb, James Gilb, DRE #00998653

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.