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$2,599,000

Beds
5
sq ft
3,374

4034 Madison Ave, Culver City, CA 90232

4034 Madison Ave

Culver City, CA 90232

  • 30 days on market
Incredible Opportunity in Culver City's Carlson Park! This Gorgeous 1924 Spanish home has been updated, but maintains its original charm with its inlaid ceiling, fireplace, open archway to the formal dining room and open archway to the remodeled kitchen. Just as Amazing is the new duplex built in 2014 behind the detached home. Built above a new 2-car garage and two new 1-car garages, Unit #A has 1bedroom & 1.5 Bathrooms (rents for $2970/month) and Unit #B has 2 bedrooms & 2.5 Bathrooms (rents for $4850/month), all with similar Spanish style to make an incredible triplex in downtown Culver City! Live in the front home and collect about $8000/month in rent! (With 30% down, a 5.25% mortgage is approximately $10,000/month so the rent could cover almost 80% of your mortgage payment). Incredible location surrounded by shops & restaurants in the middle of all the action in downtown Culver City! Amazing Investment Opportunity!

Details

Property type

Est. home value

$1,919,683

Property condition

Updated/Remodeled

Lot size

6,754 sq ft

Price per sq ft

$771

Year built

1924

HOA

No

Price History

10/22/2024
CLAW

CLAW #24455753

Listed
$2,599,000

Schools & Community

Neighborhood: 

Park East

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

Culver City Unified

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Us Bank Na

Loan start date

December 2014

Original loan amount

$350,000

Est. remaining balance

Not provided

Interest rate

2.94%

Loan type

Credit Line (Revolving), 30 year

Seller

John R White

Lender

Citibank Na

Loan start date

February 2013

Original loan amount

$618,400

Est. remaining balance

$446,082

Interest rate

3.35%

Loan type

New Conventional, 30 year

Seller

John R White

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/22/2024 at 3:35 AM

Listing updated: 11/18/2024 at 11:48 AM

Listed by: Todd Miller, KW Advisors Phone #: (310) 482-2200

MLS: CLAW #24455753

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