5304 Kinston Avenue

Culver City, CA 90230

$2,195,000
Price
8
Beds
4
Baths
3,160 Sq. Ft.
$695 / Sq. Ft.
3,160
Sq. Ft.
$695
per Sq. Ft.

Description

Tremendous Value-Add Potential. Huge corner ~10,000 sq ft lot in the prime Culver City area , pride of ownership, with 2 Approved ADU plans (a 3 bedroom and a 2 bedroom units ADUs ), totaling 6 units. Fully occupied 4 units with rents increasing September 1 collecting over $9000/mo. with substantial upside $6000/mo.+ for the 2 new ADUs, totaling $15,000 minimum per month. Plans have been approved in which the income will increase to ~$190,000 annual gross income . Best Culver City school district....Tremendous Value-Add Potential. Huge corner ~10,000 sq ft lot in the prime Culver City area , pride of ownership, with 2 Approved ADU plans (a 3 bedroom and a 2 bedroom units ADUs ), totaling 6 units. Fully occupied 4 units with rents increasing September 1 collecting over $9000/mo. with substantial upside $6000/mo.+ for the 2 new ADUs, totaling $15,000 minimum per month. Plans have been approved in which the income will increase to ~$190,000 annual gross income . Best Culver City school district. On-site owned laundry facility which is highly used by tenants. Four parking garages and ample space for additional parking. Separately metered for gas and electric. Near many amenities and walking distance to Westfield Fox Hills Mall, Starbucks, Target, Ralphs, Pavilions, Party City, Denny's, Petco, Subway, West LA College and more.
  1. Listed by Jonathan Amirieh • DRE #00899191 • Brokerage DRE #00899191 • Jonathan Amirieh

Property Details for 5304 Kinston Avenue

Zoning
CCR4YY
Style
Craftsman
Parcel Number
4203002039
Total Units
4.0
Living Area
3160
Source Living Area
Vendor Enhanced
Area
Culver City (C28)
Vacancy Rate
none

Location

Listing Courtesy of Jonathan Amirieh, Jonathan Amirieh, DRE #00899191
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LISTING UPDATED: 04/11/2024 07:29 AM

Property Details for 5304 Kinston Avenue

StatusActive
MLS #23-281079
Days on Market317
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1951
Lot Size0.22 AC / 9,486 SF
CountyLos Angeles County

Location

Listing Courtesy of Jonathan Amirieh, Jonathan Amirieh, DRE #00899191
Add your commute

Building Information for 5304 Kinston Avenue

Stories-Residences-Year Built1951Building Size-Lot Size0.22 AC / 9,486 SF

Payment Calculator

$13,668 per month

30 year fixed, 7.25% Interest

Principal and Interest

$11,979

Property Taxes

$1,689

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5304 Kinston Avenue

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: 2 + FLAT
  • Direction Faces: North
  • Sewer: In Connected and Paid, In Street
  • Water Heater Features: Gas
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $186,708
  • Net Operating Income: $130,708.00
  • Gross Income: $186,708
  • Gross Rent Multiplier: $12.82
  • Total Annual Expense: 56000
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2178
  • Lot Size Square Feet: 9486
Parking Details
Parking Details
  • Parking Garage: Covered Parking
  • Total Parking: 4
  • Covered Parking: 4
  • Garage Spaces Total: 4
  • Parking Features: Covered
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Wall/Window Unit(s)
Exterior Features
Exterior Features
  • Roof: Composition
  • Entry Location: Ground Level w/steps
  • New Construction: No
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 06-15-2023
  • Rent Control: Yes
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,750.00
  • Unit Actual Rent: $2,750.00
  • Unit Projected Rent: $2,750.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,837.00
  • Unit Actual Rent: $1,837.00
  • Unit Projected Rent: $2,750.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,839.00
  • Unit Actual Rent: $1,839.00
  • Unit Projected Rent: $2,750.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,205.00
  • Unit Actual Rent: $2,205.00
  • Unit Projected Rent: $2,750.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,300.00
  • Unit Actual Rent: $3,300.00
  • Unit Projected Rent: $3,300.00
  • Like Units: 0
Unit 6 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,800.00
  • Unit Actual Rent: $2,800.00
  • Unit Projected Rent: $2,800.00
  • Like Units: 0
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $69,554.00
  • Assessed Improvement Percent: 27.16
  • Assessed Land Value: $186,521.00
  • Assessed Land Percent: 72.84
  • Assessed Total Value: $256,075.00

Property History for 5304 Kinston 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 5304 Kinston Avenue

Taxable ValueLand$1,150,000Additions$490,000Total$1,640,000
Tax Record2023$20,264 ($1,689 / month)
Home Facts
Total Finished SqFt3,160 SqFtAbove Grade Finished SqFt3,160 SqFtLot Size9,539 SqFtStyleQuadraplexYear Built1951ZoningCCR4YYCountyLOS ANGELESAPN4203-002-039

Schools near 5304 Kinston 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 - 10 to 12
Rating
School
Distance
El Rincon Elementary School
PublicK to 5

Culver City Middle School
Public6 to 8

Culver City High School
Public9 to 12

Culver Park High School
Public10 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.

Similar Homes

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5304 Kinston Avenue is a multi-family home for sale in Culver City, CA 90230. This property was listed for sale on June 15, 2023 by Jonathan Amirieh, it's currently listed at $2,195,000. It has been on the market for a total of 317 days and was last sold on October 31, 2022. This listing's school district is Culver City Unified School District. Nearby schools include El Rincon Elementary School, Culver City Middle School and Culver City High School. 5304 Kinston Avenue is a 8-bed, 4-bath, 3,160 sqft multi-family home built in 1951.

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 Jonathan Amirieh, Jonathan Amirieh, DRE #00899191

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.