FULLY VACANT AND RENOVATED DUPLEX + IN PROGRESS ADU: 4216 Sawtelle Blvd is a 2-unit property in Culver City built in 1933. Offered fully vacant with both units completely renovated, this duplex is a turnkey opportunity, perfect for an owner user in one of the Westside's most in-demand rental submarkets.… Read More Ownership has also nearly completed a garage conversion ADU (1BR/1BA), positioning a buyer to capture immediate upside with minimal additional investment and limited execution risk. The property encompasses approximately 1,238 square feet on a .10 acre lot and features a unit mix of (1) 2BR/1BA unit and (1) 1BR/1BA+Den unit, both delivered vacant and fully remodeled. At market rents of $4,250 and $2,650 per month, the 2 units produce scheduled annual income of $82,800. With the garage conversion ADU, projected income increases to $114,600 across 3 units. Ownership has completed numerous capital improvements in recent years. The front 2BR/1BA unit was fully renovated with new electrical, wiring, plumbing, tankless water heater, and includes its own backyard and 1 parking stall. The rear 1BR/1BA+Den unit was likewise fully renovated with new flooring, drywall, and finishes throughout, and includes its own private backyard. Both units have HVAC, dishwashers, and in-unit washers and dryers. Ownership also began converting the garage into a 1BR/1BA ADU of approximately 447 square feet, now largely complete, with a mini split already installed. The property also offers 2 parking stalls, and each unit benefits from its own private outdoor space. The building is equipped with keypad entry and security cameras throughout. The near-complete ADU conversion represents a rare opportunity to add a third income-producing unit for a fraction of typical construction costs (Buyer to Verify). Ideally situated in the vibrant Culver City submarket, the property is minutes from Downtown Culver City, the Culver City Arts District, and major employment centers including Sony Pictures Studios and the growing media and technology cluster along Washington and Culver Boulevards. The area benefits from excellent access to the Expo Line, strong retail and dining, and consistently high rental demand. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Jake Glaser 310-259-7556
Listing Snapshot
Days Online
2
Last Updated
Beds
3
3/4 Baths
2
Square Ft.
1,238
Lot Size
0.1 Acres
Year Built
1933
MLS Number
26865337
Additional Details
Building
Built in 1933, Living area: 1238.0, 1 building, Levels: One
Cooling
None
Heating
None
Income
Gross Income: $82,800, Net Operating Income: $55,721
Lot
0.0988 acres
Parking
2 total parking spaces, Uncovered
Taxes
Parcel Number: 4217011031, Zoning: CCR4YY
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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