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Hot builder/developer site in Culver City

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3 lots side by side - Developer opportunity

 

Hot new Boardwalk Realty listing

THREE DUPLEXES IN A ROW IN CULVER CITY. NO RENT CONTROL! SOME UNITS HAVE BEEN TOTALLY REMODELED. EACH UNIT HAS PRIVATE YARD AND PRIVATE GARAGE. ALLEY ACCESS. CAN BE SOLD ALONG WITH 10815 & 10819 JEFFERSON BLVD. OR CAN BE SOLD INDIVIDUALLY. TOTAL LOT SIZE IS APPROX. 15,000 SQ. FT. CAN BUILD TEN 1800-2000 SQ FT. CONDOS (PER OWNER).

Land Bank for Builder!

So you do not want to build right away...  No problem.  Sit on these for a little while and land bank them.  The revenues from the duplex rentals make it very pain free as you take your time to see what you can get approved with the city.  Be patient while you see if the market will be strong after the current correction or market shift. 

Investors

This Culver City area is a good investor option.  Owner will sell them separately if you want to buy one or two of the three.  Review with Keith the benefits that you receive as the owner of a clean rental property where the long term benefits are strong.

Will require a strong down payment on listing price of $ 839,000 each.