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    6934 Kittyhawk Ave

    Los Angeles, CA 90045
    • $1,999,000
    • STATUS: Active
    • ON SITE: 37 days
    • MLS #: 21-730466
    UPDATED: 35 min ago
    $1,999,000
    • 7
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,503
      SQFT
    • $444
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1954
    County:
    Area:

    School Ratings & Info

    Description

    8,967 square feet of incredible R3-1 development opportunity! There are several ways to capitalize on this property; currently five (5) units with large upside at market rents, development potential of 11 units, and possibly 17 units with density bonus. This location is phenomenal: situated at the intersection of Culver City, Westchester, and Inglewood in the "New Westside." With easy access to the 405 and Sepulveda, the Property is located about 15 minutes to the sand of Playa Del Rey, 15 minutes to SoFi and the Forum, and only 5 minutes from the upcoming Westchester/Veterans Station on the K-Line. Units 1 and 3 are delivered vacant. Property has not been professionally managed and would benefit from professional management should it not be developed. Property has common laundry facilities which are not monetized. New owner could generate income from laundry facilities. Buyer to verify, but this opportunity is special. Size, Location, Upside, Development: this property is golden.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-18T12:43:08.167. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.markwiseproperties.com/homes/117032747
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    6934 Kittyhawk Ave Los Angeles, CA 90045

    • Price: $1,999,000
    • Status: Active
    • Updated: 35 min ago
    • MLS #: 21-730466
    7
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    4,503
    SQFT
    $444
    $/SQFT
    1954
    Built
    Neighborhood:
    Westchester
    County:
    Los Angeles
    Area:
    Westchester
    Property Description
    8,967 square feet of incredible R3-1 development opportunity! There are several ways to capitalize on this property; currently five (5) units with large upside at market rents, development potential of 11 units, and possibly 17 units with density bonus. This location is phenomenal: situated at the intersection of Culver City, Westchester, and Inglewood in the "New Westside." With easy access to the 405 and Sepulveda, the Property is located about 15 minutes to the sand of Playa Del Rey, 15 minutes to SoFi and the Forum, and only 5 minutes from the upcoming Westchester/Veterans Station on the K-Line. Units 1 and 3 are delivered vacant. Property has not been professionally managed and would benefit from professional management should it not be developed. Property has common laundry facilities which are not monetized. New owner could generate income from laundry facilities. Buyer to verify, but this opportunity is special. Size, Location, Upside, Development: this property is golden.
    Exterior Features

    Building Type Attached Covered Parking 5 Garage Structures Total 5 Lot Size Area 8967 Other Structures None Parking Garage Private GarageDriveway - Concrete Style Mid-Century Total Parking 10 View Description Green Belt View YN Yes

    Interior Features

    Baths Total 5.00 Common Walls Attached Cooling None Equipment Other Heating Wall

    Property Features

    Assessed Total Value 151716 Gross Income 146000 Gross Operating Income 146000 Like Units1 2 Like Units2 3 Net Operating Income 103802.00 Number Of Buildings 1 Number Of Units 5 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 37734 Type Of Units Apartment Year Built Source Vendor Enhanced Zoning Lar3

    Listing provided courtesy of Brad Keyes DRE#01857106 of Keyes Real Estate.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-18T12:43:08.167. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Mark Wise | Bennion Deville Homes
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    Rancho Mirage CA, 92270