4040 La Salle Avenue

Culver City, CA 90232

$2,200,000
Last Sold Price
5
Beds
6
Baths
3,632 Sq. Ft.
$606 / Sq. Ft.
3,632
Sq. Ft.
$606
per Sq. Ft.

Description

Rare opportunity to own an excellent income property only a couple minutes drive to the Studio’s and downtown Culver City. This 6 unit property features beautiful thick hardwood flooring throughout and updated double paned windows in all units. Charming and well maintained landscaping with a variety of flowers, mature trees, manicured grass and bamboo trees on the east side of the property. There are 6 units total: one (1) 2-bedroom, 1-bathroom unit; 3 (3) 1-bedroom, 1-bathroom units and two (2)...Rare opportunity to own an excellent income property only a couple minutes drive to the Studio’s and downtown Culver City. This 6 unit property features beautiful thick hardwood flooring throughout and updated double paned windows in all units. Charming and well maintained landscaping with a variety of flowers, mature trees, manicured grass and bamboo trees on the east side of the property. There are 6 units total: one (1) 2-bedroom, 1-bathroom unit; 3 (3) 1-bedroom, 1-bathroom units and two (2) Studio with full kitchen. One of the studios has been recently refreshed and upgraded. There are 4 parking spots at the end of the private driveway and laundry hookups in garage. Significant upside in rents based on Proforma. Very rare opportunity to own an income producing 6 unit on one of the most sought after streets in Culver City. New construction built next door, a 4 unit with the same lot size. As an end-user, live in one of the units while collecting income on the other 5 units, many possibilities. Ideal for Both investors and end-users alike!
  1. Listed by Brok Butcher • DRE #01880217 • Brokerage DRE #02017386 • Butcher Realty

Property Details for 4040 La Salle Avenue

Parking Spaces Total
4
Private Pool
No
Cooling Type
Wall/Window
Total Units
6.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
3632
Assessor Parcel Number
4207-011-020

Location

Listing Courtesy of Butcher Realty, Brok Butcher, DRE #01880217

Sold By NONMEMBER MRML, General NONMEMBER, DRE #01438644

Add your commute
LISTING UPDATED: 10/05/2022 12:56 AM

Property Details for 4040 La Salle Avenue

StatusClosed
MLS #PV22117808
Days on Market78
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1939
Lot Size0.15 AC / 6,750 SF
CountyLos Angeles County

Location

Listing Courtesy of Butcher Realty, Brok Butcher, DRE #01880217

Sold By NONMEMBER MRML, General NONMEMBER, DRE #01438644

Add your commute

Virtual Tour

Building Information for 4040 La Salle Avenue

Stories-Residences-Year Built1939Building Size-Lot Size0.15 AC / 6,750 SF

Payment Calculator

$14,545 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,006

Property Taxes

$2,539

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4040 La Salle Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $113,100
  • Gross Scheduled Income: $113,100
  • Net Operating Income: $99,064
  • Gross Multiplier: 24.67
  • Cap Rate: 2.07
  • Financing: Seller Financing
Expense Details
  • Operating Expense: $14,036
  • Fuel Expense: $800
  • Electric Expense: $2,328
  • Insurance Expense: $2,756
  • Maintenance Expense: $5,025
  • Professional Management Expense: $0
  • Trash Expense: $800
  • Water Sewer Expense: $2,328
  • Total Expenses: $14,036
Tax / Assessment Info
  • Tax Block: 11
  • Tax Tract Number: 1775
  • Tax Census Tract: 7025.01
  • CFD/Mello-Roos Fee: $5,576
  • Tax Lot: 23
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Interior Features: Granite Counters
  • Room Type: Laundry
  • Laundry: Yes
  • Laundry Features: In Garage
  • Cooling: Wall/Window Unit(s)
  • Heating Type: Floor Furnace, Wall
  • Heating: Floor Furnace, Wall Furnace
  • Heat Equipment: Floor Furnace
  • Virtual Tour URL Branded: https://vimeo.com/691659653
  • Virtual Tour URL Unbranded: https://vimeo.com/691659919
Exterior Features
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Front Yard
  • Number Of Units: 6
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Sewer Connected
  • Electric: Sewer Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,900
  • Unit Type Total Rent: $1,900
  • Unit Type Pro Forma: 3200
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,950
  • Unit Type Total Rent: $1,950
  • Unit Type Pro Forma: 2750
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,595
  • Unit Type Total Rent: $1,595
  • Unit Type Pro Forma: 2750
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,570
  • Unit Type Total Rent: $1,570
  • Unit Type Pro Forma: 2750
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,575
  • Unit Type Total Rent: $1,575
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $835
  • Unit Type Total Rent: $835
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 6
Unit Information
  • Number Of Units Leased: 6
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Wall AC: 1

Property History for 4040 La Salle 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 4040 La Salle Avenue

Taxable ValueLand$1,750,000Additions$450,000Total$2,200,000
Tax Record2023$30,464 ($2,539 / month)
Home Facts
Total Finished SqFt3,632 SqFtAbove Grade Finished SqFt3,632 SqFtLot Size6,750 SqFtStyleMulti-Family Res (5+ Units)Year Built1939ZoningCCR4*CountyLOS ANGELESAPN4207-011-020

Schools near 4040 La Salle 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 Butcher Realty, Brok Butcher, DRE #01880217

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.