Category Archives: Culver City

culver city multifamily duplex income property for sale

Culver City California, HOT HOT HOT !!! Multi-Family duplex income property market!!

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CULVER CITY, CALIFORNIA…………..”THE HEART OF SCREENLAND”  and…… an awesome place to invest in MultiFamily duplex income property!!!!!

Culver City’s residential Multi-Family income property market is on FIRE !  Currently there are only two available properties for sale, yet there are currently ten properties in ESCROW! Now that is one amazing absorption rate! There is a DUPLEX on Havelock listed for sale right now and a triplex on Jefferson, currently there are no fourplexes listed for sale in Culver City.  To view all the Culver City Multi-Family DUPLEX, triplex, fourplex income properties FOR SALE and in escrow right now click this live link!

Culver City is in the western region of Los Angeles County and is a great place to buy or sell multifamily, duplex, triplex, fourplex and larger commercial apartment properties. Its job industry, conveniences, and attractions make this a great place to live and there is a good market available to buy multifamily rental properties such as duplexes, triplexes, and fourplexes. These properties can bring in great income and can be sold quickly if you need to move your investments around. There is also no rent control in Culver City.

(Before getting into more of the demographics below about Culver City, please visit my previous blog post by clicking this live link!) Click here to see previous Culver City Multi-Family Duplex Income Property blog post!

Culver City’s population was 39,313 as of 2012. The estimated median household income in 2011 was $70,241 (it was $51,792 in 2000). This is larger than the California median which was $57,287 in 2011.

Since the 1920s, Culver City has been a significant center for motion picture and later television production, in part because it was the home of MGM Studios. It was also the headquarters for the Hughes Aircraft Company from 1932 to 1985. National Public Radio West and Sony Pictures Entertainment now have headquarters in the city. Sony is the largest employer in the city with 6,000 workers. The NFL Network studio is also based in Culver City. In the 1990s, Culver City launched a successful revitalization program in which it renovated its downtown as well as several shopping centers in the Sepulveda Boulevard corridor near Westfield Culver City.

The city also enjoys being close to a variety of conveniences. The Los Angeles International Airport (LAX) is only 6 miles away. The local hospital is the Brotman Medical Center. There are many colleges near Culver City, the biggest being the University of California Los Angeles (UCLA) which has over 37,000 full time enrolled students and is only 6 miles away. Other notable colleges are West Los Angeles College, Loyola Marymount University and Santa Monica College.

Culver City has many attractions, including its downtown, which has a charming collection of outdoor cafes, unique shops, galleries and nightlife. It also boasts a City Hall of stunning architecture, Center Theatre Group’s nationally renowned Kirk Douglas Theatre and then book ended by entertainment powerhouses Sony Studios and The Culver Studios. Other attractions include the Culver City Stairs, Mayme A. Clayton Library & Museum, The Wende Museum, Culver City Park, Holy Cross Cemetery, and the Culver City Ice Rink.

All of these features make Culver City a great city to buy or sell multifamily investment rental properties such as duplexes, triplexes, fourplexes and larger commercial apartment buildings. This vibrant, growing community has great attractions, a healthy work industry, and above average rent. The density of the city and the desire for people to live here, make it an ideal location for multifamily living and the city does have great duplex, triplex, and fourplex properties.

Also serving other Los Angeles County Cities.

This information was gathered from www.culvercity.org, city-data.com, and wikipedia.

 Thank you for choosing MultiFamilyOwl.com in your search for a duplex, triplex, fourplex or commercial apartment for sale in Culver City.

 

Culver City, Mar Vista & Westchester……Exploring duplex and larger multifamily income properties just east of the beach.

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Culver City, Mar Vista and Westchester are three amazing neighborhoods for multifamily income property investors to acquire duplex, triplex or fourplex properties.  Located perfectly centralized on the westside, the tenant base is massive and asking prices and Gross Rent Multipliers are a little bit more reasonable than the neighboring areas of Marina Del Rey, California, Venice and Santa Monica.  Be sure to see the hottest and newest multifamily listings available at www.MultiFamilyOWL.com

Westchester, California is typically the most reasonably priced area of the three when looking at multifamily income properties.   Currently there is a duplex on Reading Avenue producing $36,000 gross operating income with a recently reduced asking price of $639,995 and a fourplex on Glasgow Avenue producing $52,464 gross operating income with an asking price of $775,000.  At the time of this blog post, both properties had been active on the MLS just under 2 months.

The Culver City, California and Mar Vista neighborhoods are also very tight inventories when looking at multifamily income properties.  Currently per the MLS, there are eight duplex, triplex and fourplex properties in escrow, with only seven duplex and triplex properties available for sale.  The average price of the seven available duplex and triplex properties is right around 1 million, with the high being just under 1.5 million and the low being just above 1/2 million.   Searching www.LoopNet.com we also located a duplex on Sawtelle Blvd listed at $925,000 this duplex offers to large 3 bedroom apartments and might be worth a closer look.