4432 South Centinela Avenue

Los Angeles, CA 90066

$3,600,000
Last Sold Price
12
Beds
11
Baths
6,877 Sq. Ft.
$523 / Sq. Ft.
6,877
Sq. Ft.
$523
per Sq. Ft.

Description

New construction silicon beach / culver city four unit townhome complex w/ plans pending approval for three adu’s. Three units leased! One unit being held for tours, can be delivered leased by close of escrow. We are pleased to present this Green Certified new construction four-unit luxury townhome complex. Plans are in process for three ADU’S, that would bring the unit count to seven with a 7.20% cap rate. As general contractors and developers the seller is willing to provide the buyer with budgets...New construction silicon beach / culver city four unit townhome complex w/ plans pending approval for three adu’s. Three units leased! One unit being held for tours, can be delivered leased by close of escrow. We are pleased to present this Green Certified new construction four-unit luxury townhome complex. Plans are in process for three ADU’S, that would bring the unit count to seven with a 7.20% cap rate. As general contractors and developers the seller is willing to provide the buyer with budgets and contract to build proposed ADU’S, by a quick and cost- effective conversion of garage space and detached unit. The property is located just minutes from the Arts District, Culver City Steps and Ivy Station, which house Amazon Studios, Sony Pictures, HBO, Beats Electronics and many more tech and entertainment companies pouring into the neighborhood. This property, located in the very hot market of Silicon Beach which is adjacent to Beverlywood and Culver City, has enjoyed much of the demand. Incredible rent comps are being achieved in this neighborhood, driven largely by the surrounding tech hubs and supporting services providing high-paying and stable jobs. This luxury complex is comprised of two duplexes, totaling four new construction townhomes, each with private laundry rooms and two parking spaces. Each unit is equipped with separate meters for water, gas as well as an owner’s common area electric meter for exterior lighting and common area water meter for servicing and landscape irrigation. The property features drought tolerant landscaping, as well as energy efficient building materials, appliances and fixtures presenting the buyer with a fully warrantied, low maintenance, environmentally friendly property. Please contact us regarding this opportunity or one of the seller’s many other similar developments throughout Los Angeles.
  1. Listed by Martin Fish • DRE #01988997 • Brokerage DRE #01875823 • Citivest Realty Services, Inc • 310-905-4834
  2. Listed by Seth Hamilton • DRE #01897619 • Brokerage DRE #01875823 • Citivest Realty Services, Inc

Property Details for 4432 South Centinela Avenue

Architectural Style
Modern
View
City Lights
Parking Spaces Total
8
Private Pool
No
Cooling Type
ENERGY STAR Qualified Equipment, High Efficiency
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor

Location

Listing Courtesy of Citivest Realty Services, Inc, Martin Fish, DRE #01988997; Citivest Realty Services, Inc, Seth Hamilton, DRE #01897619

Sold By Person Realty, Inc., Tak Chaya, DRE #00967444

Add your commute
LISTING UPDATED: 09/29/2023 02:48 AM

Property Details for 4432 South Centinela Avenue

StatusClosed
MLS #PW23034386
Days on Market160
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built2023
Lot Size0.13 AC / 5,733 SF
CountyLos Angeles County

Location

Listing Courtesy of Citivest Realty Services, Inc, Martin Fish, DRE #01988997; Citivest Realty Services, Inc, Seth Hamilton, DRE #01897619

Sold By Person Realty, Inc., Tak Chaya, DRE #00967444

Add your commute

Building Information for 4432 South Centinela Avenue

Stories3Residences-Year Built2023Building Size-Lot Size0.13 AC / 5,733 SF

Payment Calculator

$20,742 per month

30 year fixed, 7.25% Interest

Principal and Interest

$19,647

Property Taxes

$1,095

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4432 South Centinela Avenue

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas, Water
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $343,500
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $336,978
  • Net Operating Income: $273,738
  • Number Of Rented Garages: 0
  • Gross Multiplier: 11.3
  • Cap Rate: 7.08
  • Financing: Cash
Expense Details
  • Operating Expense: $60,308
  • New Taxes Expense: $45,921
  • Gardener Expense: $600
  • Insurance Expense: $2,751
  • Maintenance Expense: $3,600
  • Professional Management Expense: $0
  • Other Expense: $1,608
  • Other Expense Description: Utility
  • Trash Expense: $0
  • Total Expenses: $59,457
Tax / Assessment Info
  • Tax Area: 67
  • Tax Tract Number: 7358
  • Tax Census Tract: 2752.00
  • Tax Lot: 159
Community / Development
Community / Development
  • Accessibility Features: Doors - Swing In, Parking
  • Disability Access: Doors - Swing In, Other Main Level Modifications
  • Assessments YN: No
  • Assessments: None
  • Community Features: Sidewalks, Urban
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, ENERGY STAR Qualified Appliances, Gas Oven, Gas Cooktop, Microwave, Refrigerator, Tankless Water Heater
  • Equipment: Dishwasher, Inside, Microwave, Refrigerator
  • Interior Features: Balcony, High Ceilings, Recessed Lighting, Storage
  • Water Heater Features: Tankless
  • Laundry: Yes
  • Laundry Features: Inside
  • Laundry Equipment Own Lease: Own
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: ENERGY STAR Qualified Equipment, High Efficiency
  • Heating Type: ENERGY STAR Qualified Equipment, High Efficiency
  • Heating: ENERGY STAR Qualified Equipment, High Efficiency
  • Flooring: Laminate
Exterior Features
  • Door Features: ENERGY STAR Qualified Doors
  • Window Features: ENERGY STAR Qualified Windows, Screens
  • Security Features: Automatic Gate, Fire and Smoke Detection System, Security Lights
  • Construction Materials: Cement Siding, Stucco
  • Exterior Construction: Stucco
  • Exterior Features: Lighting
  • Roof: Composition
  • Fence: Yes
  • Fence: Wrought Iron
  • Fencing: Stone, Wrought Iron
  • Foundation Details: Slab
  • Property Condition: Turnkey
  • View Description: City Lights
  • Pool Features: None
  • Pool Description: None
  • Spa Features: None
Green Info
  • Green Energy Efficient: Appliances, Construction, HVAC, Insulation, Lighting, Roof
  • Green Sustainability: Conserving Methods
  • Green Water Conservation: Flow Control, Reclamation, Water-Smart Landscaping
Land/Lot Info
  • Lot Features: 2-5 Units/Acre, Back Yard, Front Yard
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: Three Or More
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Underground Utilities, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 6
  • Parking: Yes
  • Parking Garage: Garage, Garage - 1 Car, Gated
  • Parking Garage Spaces: 6
  • Carport Spaces: 2
  • Parking Features: Covered, Garage, Garage - Single Door, Gated
Property / Structure Info
  • Builder Name: Truebuilt
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 4
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $5,200
  • Unit Type Total Rent: $5,200
  • Unit Type Pro Forma: 0
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $5,200
  • Unit Type Total Rent: $5,200
  • Unit Type Pro Forma: 0
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $5,075
  • Unit Type Total Rent: $5,075
  • Unit Type Pro Forma: 0
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 5350
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 3
  • 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 With Dishwasher: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Number With Disposal: 4
  • Number With Patio: 4

Property History for 4432 South Centinela 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 4432 South Centinela Avenue

Taxable ValueLand$856,709Additions$210,235Total$1,066,944
Tax Record2023$13,138 ($1,095 / month)
Home Facts
Total Finished SqFt1,240 SqFtAbove Grade Finished SqFt1,240 SqFtLot Size5,733 SqFtStyleQuadraplexYear Built1948ZoningLAR3CountyLOS ANGELESAPN4232-023-032

Schools near 4432 South Centinela Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Braddock Drive Elementary School
PublicK to 5

Marina Del Rey Middle School
Public6 to 8

Venice Senior High School
Public9 to 12

Icef Vista Middle Academy
Charter6 to 8

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.

Similar Homes

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Similar Sold Homes

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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 Citivest Realty Services, Inc, Martin Fish, DRE #01988997; Citivest Realty Services, Inc, Seth Hamilton, DRE #01897619

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.