4232 Mclaughlin Avenue 36, Los Angeles, California 90066, Los Angeles, 90066 - bed, bath

4232 Mclaughlin Avenue 36, Los Angeles, California 90066 home-pic-0
ACTIVE$1,599,000
4232 Mclaughlin Avenue 36, Los Angeles, California 90066
0Bed
0Bath
2,020Sqft
6,006Lot
Year Built
1949
Close
-
List price
$1.6M
Original List price
$1.85M
Price/Sqft
$792
HOA
-
Days on market
-
Sold On
-
MLS number
SB25030122
Home ConditionFair
Features
View-

About this home

We found 2 Cons,3 Pros. Rank: price - $1.60M(50th), sqft - 2020(67th), beds - undefined(50th), baths - undefined(50th).

Price Improvement! Excellent Culver City Triplex in prime location near everything in West Los Angeles. Remodeled Front Two Bedroom Unit will be Vacant at COE. Sale includes (Almost) Approved Plans to Convert Garage to legal ADU (4th Unit) and enlarge the smaller 1 bedroom unit - into a two bedroom unit. Good sized units with vaulted ceilings, kitchens and family room all with first level entry. Close to 405 Freeway, Santa Monica, Abbott Kinney, Venice Boardwalk, Culver City Studios, the Beach and the rest of West Los Angeles. Current configuration includes Three Units: Two Large - Two Bedroom, one bathroom units; One - One Bedroom unit - Executed Plans will result in Four Units: Three- Large Two Bedroom, one bathroom units; One Large Studio (Converted Garage) - resulting in a major increase in the future Revenue and CAP rate. Plenty of parking on-site for each tenant and guests as well as ample street parking. Owner Occupy the two-bedroom unit while collecting rent from the two occupied units, all while you build out the ADU and update the rest of the property. Units occupied with long term tenants. All Units Currently Occupied - One Unit can be delivered Vacant. Surrounding properties have seen major updates as the neighborhood continues to modernize. Drive by Only. Please do not disturb tenants or walk on premises. Buyer to do all their own due diligence and investigations. Broker is not responsible for any data inaccuracies.

Price History

Date
Event
Price
04/21/23
Sold
$1,300,000
Condition Rating
Fair

The property was built in 1949. The description mentions a remodeled front unit, but the extent and quality of the remodel are unclear. The images show some updated features, but also signs of age. The kitchens and bathrooms appear functional but not recently renovated. Given the age and the description of 'long term tenants' and the need to 'update the rest of the property', a 'Fair' rating is appropriate, indicating it requires minor updates or repairs.
Pros & Cons

Pros

Development Potential: Approved plans to convert the garage into an ADU and enlarge one of the existing units, creating a fourth unit and increasing potential revenue.
Prime Location: Located in a desirable Culver City location, close to major freeways, beaches, studios, and other West Los Angeles attractions.
Income Potential: Currently operating as a triplex with long-term tenants, offering immediate income potential with the possibility of owner-occupancy.

Cons

Tenant Occupancy: Units are currently occupied, potentially limiting immediate renovation or rent increase opportunities.
Due Diligence Required: Buyer is responsible for all due diligence and investigations, potentially incurring additional costs and time.

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