Residential Income Details
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
|Number of Units||14|
|Listing Agent||Kimberly Roberts Stepp|
|Listing Agent BRE #||01251767|
Based on information from California Regional Multiple Listing Service, Inc. as of Thursday, August 16, 2018.
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