4302 Overland AveCulver City, CA 90230
- Mixed-use properties
- 5,682 SF
Property Details for 4302 Overland Ave
- Year built
- 1941
- Construction
- WOOD
- Lot size
- 0.18 AC
- Property size (Sq ft)
- 5,682 SF
- Zone code
- CCC2*
- Property type
- Mixed-use properties
- Property subtype
- Other investment properties
- APN
- 4209-025-001
- APU
- 4209025001
Description
This 6,569 square foot, single-story office building in Culver City, CA, presents a unique owner-user opportunity. Located just one block from Sony Pictures Studios and within walking distance of Downtown Culver City, Equinox, and Apple's One Culver offices, this property boasts high visibility due to its signalized corner location. Currently vacant, the building is comprised of four suites, three previously used for retail and one office suite with a permitted 1,145 square foot mezzanine. The flexible layout allows for reconfiguration into larger suites or a single, expansive space. The property includes on-site parking for up to eight vehicles (tandem parking), with potential for additional parking. Built in 1941, the building sits on a 7,665 square foot lot and is zoned C2. A recent Phase II Environmental Site Assessment (ESA) revealed environmental impacts from a previous dry-cleaning tenant. The seller has a remediation proposal, recommending a soil vapor extraction system. The property will be delivered "as-is" and is priced at $2,950,000 ($449.08/sq ft), reflecting the environmental considerations. A pro-forma cap rate of 8.02% and a pro-forma NOI of $236,484 are projected. The seller is offering attractive seller financing options to qualified buyers, as conventional financing may be limited until environmental remediation is complete. Occupancy is available June 1, 2024. The APN is 4209-025-001.
Location Insight
- City
- Culver City
- County
- Los Angeles
- State
- California
- Latitude
- 34.0116
- Longitude
- -118.4
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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