9051 Lucerne Ave

This is an amazing opportunity to acquire an income producing 2 Single Family Residences and 1 ADU. In the heart of Culver City. Two of the three units are near completion. The third and back unit (SFR) will need to be constructed. The plans are RTI now. The cap rate of the finished product will be between 5.19-6. The architectural/structural plans and cash flow analysis are available upon request. Unit 1: 2 bed, 2 bath, approximately 1,153 sq ft. Unit 2: 1 bed, 1 bath, approximately 586 sq ft. Unit 3: 3 beds, 2.5 baths with attached 2 car garage and 2 carports, approximately 1,439 sq ft (to be constructed). The new owners can capitalize on the high rental demand for the area. The tenants can enjoy the property’s location as it’s within walking distance to Downtown Culver City and close proximity to the freeways, downtown LA, beach communities, and studios, including Amazon, Sony, and HBO. Culver City has lots of recent, ongoing, and planned developments, including but not limited to the Ivy Station, The Culver Steps, Culver Public Market Hall, and the Media Park Revitalization and Conceptual Plan Development. This property is perfect for a first-time home buyer to live in one of the units, rent out the other two units to help with the mortgage, or for an investor who’s looking for passive income.