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Brian Aarestad, Sales Associate
SOLD
$3,600,000
Date 09/28/2023

4432 S Centinela Avenue
Culver City, CA 90066

Mixed Use
Residence
6,877
Sqft
0.1316
Lot Size
Listing Agent: Martin Fish CalDRE: 01988997 - Citivest Realty Services, Inc, 310-905-4834
NEW CONSTRUCTION SILICON BEACH / CULVER CITY FOUR UNIT TOWNHOME COMPLEX W/ PLANS PENDING APPROVAL FOR THREE ADUS. 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 ADUS, 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 ADUS, 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 owners 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 sellers many other similar developments throughout Los Angeles.
PW23034386
Mixed Use, 3+ Story
Los Angeles
2023
0.1316 Acres
Public
3
Cement plank,Stucco
Public Sewer
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Listing Agent: Martin Fish CalDRE: 01988997 - Citivest Realty Services, Inc, 310-905-4834
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