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3330 Caroline Ave

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Address: 3330 Caroline Ave

California & West + Apartment Buildings

Created date: June 9, 2023

Date last updated: November 4, 2024

Property Description

5 existing units, with the 6th unit being a 2+2 city approved ADU. This spacious property encompasses a building size of 3,468 square feet and is situated on a generous lot measuring 6,258 square feet, offering ample space for residents to enjoy. Situated just a stone's throw away from major employers such as Amazon, Sony Studios, and the newly approved Apple Campus, this property provides unparalleled convenience for residents working in these prestigious companies. With the anticipated completion of the Apple Campus in 2025 or 2026, this location is poised for significant economic growth, potentially boosting property values and rental demand. The apartment building showcases a collection of charming bungalow-style units, consisting of five 1-bedroom, 1-bathroom units, and an already Approved 2-bedroom, 2- bathroom accessory dwelling unit (ADU). While the ADU is not yet completed, the approved plans ensure a seamless completion process. Residents of this property will not only benefit from its prime location but also enjoy the spaciousness it provides. With a building size of 3,468 square feet, each unit offers comfortable living spaces for tenants to relax and unwind.Additionally, being part of the vibrant Culver City community offers residents a wealth of recreational and cultural activities. From exploring local galleries to indulging in the culinary delights of the neighborhood, there's always something exciting to experience.The property's strategic location ensures excellent transportation links, granting easy access to major transportation routes and neighboring areas of Los Angeles. Commuting and exploring the surrounding amenities and attractions are made convenient and accessible. Please do not disturb any of the tenants. All showings will be subject to an accepted offer.

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Broker Details

Chase Simonton

Re/Max One (310) 683-5400 MLS ID: X85641

Key Property Information

Listing Status:	Sold
Sold Date:	31-07-2023
Listing Type:	Highest & best offer
Property Types:	Apartment Buildings
Price:	$1,950,000
No. of Units:	6
Cap Rate:	6.74%
GRM /GIM:	10.35
Year Built:	1927
Building Size:	3,468 Sq ft
Lot Size:	6,258.00 Acres
Opportunity Zone:	No
Price per unit:	$345,833