Appraised at $700k in current condition Westside -Mar Vista - Duplex

12028 Culver Blvd, Los Angeles, CA 90066

$975,000 After Repair Value -
$669,000 Asking Price -
$50,000 Cost of Repairs =
$256,000 Potential Profit

Property Details

Asking Price $669,000

After Repair Value $975,000

Costs of Repairs $50,000

Potential Profit $256,000

Living Area 1140 ft2

Property Type Duplex

Bedrooms 2

Bathrooms 2

Half Bathrooms N/A

Parking 2

Listed with Agent 1

EPI (Estimated Potential Income)

Potential Rental Income $48,000

Yearly Expenses $12,000

Property Taxes $8,175

Net Operating Income $27,825

Cap Rate 4.2

Property Description

Lowest priced income property West of the 405! Charming duplexstrategically located between Playa Vista, Marina Del Rey, and Culver City, inthe heart of Silicon Beach. This property has loads of potential includingbeing remodeled and re-rented, redeveloped for another use, or as an owner-occupied to reduce the cost of your mortgage. 3 units can be built on the lot (zoning is R3).

Repairs Needed

Exterior and interior updates HARD COSTS COST Fence & Gate $1,150.00 Lighting Fixtures $1,000.00 Finish Carpentry & Labor Landscape - Front $2,100.00 Interior Millwork & Trim Landscape - Back $900.00 Cabinets Roofing $12,500.00 Doors - Front $1,041.50 Stucco & Siding $7,800.00 Doors - Sliders Insulation Doors - Interior Framing Doors - Exterior $500.00 Concrete - Patio & Walkways $1,625.00 Windows $3,500.00 Concrete - Foundation Finish Hardware Pool Rehab Garage Doors & Openers Misc. (please specify) Mirrors SUBTOTAL $35,400.00

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