4040 Wade Street

Culver City, CA 90066

$2,395,000
Price
10
Beds
9
Baths
4,552 Sq. Ft.
$526 / Sq. Ft.
4,552
Sq. Ft.
$526
per Sq. Ft.

Description

Welcome to this incredible 5-unit property in the heart of Culver City, just steps away from vibrant Washington Blvd! The front of the property features a charming 2-bedroom, 1-bath bungalow, perfect for those seeking classic charm with modern amenities. In the rear, you'll find four beautifully renovated 2-bedroom, 2-bath units, each offering spacious layouts and contemporary finishes. The property's prime location boasts amazing walkability to shops, dining, and entertainment, making it a highly...Welcome to this incredible 5-unit property in the heart of Culver City, just steps away from vibrant Washington Blvd! The front of the property features a charming 2-bedroom, 1-bath bungalow, perfect for those seeking classic charm with modern amenities. In the rear, you'll find four beautifully renovated 2-bedroom, 2-bath units, each offering spacious layouts and contemporary finishes. The property's prime location boasts amazing walkability to shops, dining, and entertainment, making it a highly desirable place to live. With plenty of on-site parking and a convenient shared laundry room, this property offers both comfort and practicality. This is an excellent investment opportunity with significant upside rent potential, and plenty of available land to add addition units/ADU's, especially in such a sought-after Westside location. Don't miss the chance to own this gem in one of LA's hottest neighborhoods!
  1. Listed by Tyler Kunkle • DRE #01965642 • Brokerage DRE #01421451 • Pardee Properties

Property Details for 4040 Wade Street

Zoning
CCR3A*
Style
Traditional
Parcel Number
4231024030
Total Units
5.0
Living Area
4552
Source Living Area
Vendor Enhanced
Area
Culver City (C28)
Vacancy Rate
0
LISTING UPDATED: 11/12/2024 10:08 AM

Property Details for 4040 Wade Street

StatusActive Under Contract
MLS #24-450085
Days on Market72
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1963
Lot Size0.27 AC / 11,865 SF
CountyLos Angeles County

Building Information for 4040 Wade Street

Stories2Residences-Year Built1963Building Size-Lot Size0.27 AC / 11,865 SF

Property Information for 4040 Wade Street

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: residential
Contract Info
Contract Info
  • Disclosures: As Is, Rent Control
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $150,252
  • Net Operating Income: $109,512.00
  • Gross Income: $150,252
  • Cap Rate: 4.60%
  • Gross Rent Multiplier: $15.93
  • Total Annual Expense: 40740
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2724
  • Lot Size Square Feet: 11865
Parking Details
Parking Details
  • Parking Garage: Garage - 2 Car, Driveway
  • Total Parking: 11
  • Garage Spaces Total: 2
  • Parking Features: Garage - Two Door, Driveway
  • Garage Structures Total: 1.0
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Ceiling Fan
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Ceiling Fan, Dishwasher, Freezer, Range/Oven, Garbage Disposal, Refrigerator
  • Interior Features: Ceiling Fan(s)
  • Room Kitchen Features: Remodeled Kitchen
  • Kitchen Features: Remodeled
  • Room Bathroom Features: Remodeled
  • Bathroom Features: Remodeled
  • Laundry: Room, Laundry Area
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-10-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,640.00
  • Unit Actual Rent: $3,640.00
  • Unit Projected Rent: $4,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,650.00
  • Unit Actual Rent: $2,650.00
  • Unit Projected Rent: $3,250.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,249.00
  • Unit Actual Rent: $2,249.00
  • Unit Projected Rent: $3,250.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,590.00
  • Unit Actual Rent: $1,590.00
  • Unit Projected Rent: $3,250.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,392.00
  • Unit Actual Rent: $2,392.00
  • Unit Projected Rent: $3,250.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
  • Number of Carpet: 1
  • Number of Dishwasher: 5
  • Number of Disposal: 5
  • Number of Drapes: 5
  • Number of Electric Meters: 5
  • Number of Gas Meters: 5
  • Number Leased: 5
  • Number Patio: 5
  • Number Range: 5
  • Number Refrigerator: 5
  • Number Rented Garages: 1
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $118,267.00
  • Assessed Improvement Percent: 57.7
  • Assessed Land Value: $86,692.00
  • Assessed Land Percent: 42.3
  • Assessed Total Value: $204,959.00

Property History for 4040 Wade Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4040 Wade Street

Taxable ValueLand$88,425Additions$120,632Total$209,057
Tax Record2024$5,537 ($461 / month)
Home Facts
Total Finished SqFt4,552 SqFtAbove Grade Finished SqFt4,552 SqFtLot Size11,900 SqFtStyleMulti-Family Res (5+ Units)Year Built1963ZoningCCR3A*CountyLOS ANGELESAPN4231-024-030

Schools near 4040 Wade Street

This home is within Culver City Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
La Ballona Elementary School
PublicK to 5

Culver City Middle School
Public6 to 8

Culver City High School
Public9 to 12

El Marino Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Pardee Properties, Tyler Kunkle, DRE #01965642

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.