5304 Kinston Avenue Culver City, CA 90230
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.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site374 Days
- MLS StatusActive
- MLS ID Number23281079
- Home Size Source N/A
- Year Built1951
- Lot Size0.2178 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Style Craftsman
- Construction Stucco
- Parking Covered
- Parking Spaces 4
- Sewer Other
- Number of Stories 20
- Acreage 0.2178
- Garage Spaces 4
- Zoning CCR4YY
- Listing Conditions Standard
- Direction Faces North
Interior Features
- Cooling Wall/ Window Unit(s)
- Flooring Laminate
- Laundry Features Community
Exterior Features
- Roof Composition
Community Features
- Senior Community No
- MLS Area C28 - Culver City