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Listed by Stephen Ceausu, DRE #02099019 • Stephen P Ceausu, Broker
$1,200,000
Est. payment /mo
4,840 Sqft Lot
New
3272 Fay Culver City, CA 90232
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW26152845
Year Built 1961
Lot Size 4,840 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
Exceptional investment opportunity in the heart of Culver City. This well-maintained fourplex offers strong current income with significant upside potential. The property consists of three 1-bedroom, 1-bath units and one 2-bedroom, 1-bath unit, generating current rents of approximately $6,434 per month, with estimated market rents exceeding $8,400 per month. Two of the lower units have been extensively remodeled within the last two years and feature newer windows, providing immediate value and reduced maintenance costs. The property is occupied by stable, long-term tenants, creating reliable cash flow while allowing investors to capture future rental upside. Parking is a major advantage, with five dedicated parking spaces located at the rear of the property and the potential to create two additional parking spaces in the front. Additionally, the City has indicated that an ADU may be possible, offering investors another opportunity to increase income and maximize the property's potential. Whether you are looking to expand your portfolio, execute a value-add strategy, or secure a long-term asset in a desirable rental market, this fourplex presents a rare combination of stable income, rental growth potential, and future development opportunities.
Location
State CA
County Los Angeles
Area C28 - Culver City
Interior
Cooling Other
Laundry None
Exterior
Parking Features Assigned Spaces, Other
Pool None
Building
Water District - Public
Others
Tax ID 4312021020
Special Listing Condition Not Applicable
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