3240 Fay Avenue

  • Los Angeles

  • $4,950,000
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Residential Income Details

Description
3240 FAY AVENUE APARTMENTS is a well-kept building in the primegentrified Arts District neighborhood immediately adjacent to Culver City.While still within the city of Los Angeles, the property is a short walk tothe downtown shopping, retail and employment, as well as the ExpositionLine for easy access to points east and west.The courtyard-style building has a great unit mix consisting of (2) twobedroom/ 1.5 bath, (4) two-bedroom / one bath, (4) one-bedroom / onebath and (4) studio apartments. It is located on a quiet, permit-only streetbetween Venice Boulevard and Washington Boulevard.Culver City's recent influx of entertainment and technology companieshas caused a boom in new Class-A multifamily development and hasconsequently driven up rents over 20% in the past five years. As such,this building provides an opportunity to immediately renovate the fourvacant units to high-end finishes, and do the same with the remainingunits either by relocating tenants or
Essential
MLS #18373900
Price$4,950,000
Number of Units14
Sale TypeStandard
StatusActive
Listing BrokerageKWSM
Listing AgentKimberly Roberts Stepp
Listing Agent BRE #01251767
Interior
AppliancesDishwasher
Exterior
ParkingGarage
Community
AreaWLA - West Los Angeles
Address3240 Fay Avenue
CityLos Angeles
CountyLos Angeles
StateCA
ZipCode90034
School

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Based on information from California Regional Multiple Listing Service, Inc. as of Thursday, August 16, 2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.