2632 Cullen Street, Los Angeles, California 90034, Los Angeles, 90034 - 4 bed, 3 bath

2632 Cullen Street, Los Angeles, California 90034 home-pic-0
ACTIVE$1,399,999
2632 Cullen Street, Los Angeles, California 90034
4Beds
3Baths
1,662Sqft
6,000Lot
Year Built
1928
Close
-
List price
$1.4M
Original List price
$1.4M
Price/Sqft
$842
HOA
-
Days on market
-
Sold On
-
MLS number
25515929
Home ConditionPoor
Features
Good View: None
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 22% below the list price. We found 3 Cons,5 Pros. Rank: price - $1.40M(29th), sqft - 1662(46th), beds - 4(62th), baths - 3(54th).

Prime Multi-Family Investment Opportunity! Legally a triplex, this property features a front house with two additional units in the back. Sitting in the Heart of Helms & Culver City Arts District, this versatile property offers a prime investment opportunity with immediate rental income and strong future development potential. Sitting on a 6,000 SF LARD1.5-zoned lot, the property consists of three income-generating units: a front house featuring two bedrooms, one bathroom, and a spacious primary bedroom with French doors, along with a two-story rear duplex where each unit offers one bedroom and one bathroom. Additional unpermitted square footage further enhances the value of this already promising asset. Ideally located near Venice Blvd and La Cienega Blvd, with quick access to the 10 Freeway, the property is just minutes from major employment hubs such as Amazon Studios, HBO Headquarters, Ivy Station, and the Cumulus development. The La Cienega/Jefferson Metro Expo Station is less than half a mile away, providing seamless access to Downtown LA, Santa Monica, and beyond. Boasting an excellent Walk Score, residents can enjoy a vibrant, pedestrian-friendly lifestyle with nearby favorites like Cognoscenti Coffee, Pasta Sisters, Whole Foods, Father's Office and the Platform, as well as cultural attractions in Historic Downtown Culver City, the Helms Bakery District, and the Adams District. With its prime location, strong rental demand, and zoning that allows for increased density, this property is a rare opportunity for investors, developers, or owner-users looking to capitalize on one of Los Angeles' most dynamic neighborhoods. Showings by Appointment Only. Please Do Not Disturb Occupants.s

Price History

Date
Event
Price
11/07/97
Sold
$120,000
Condition Rating
Poor

The property was built in 1928, making it nearly a century old. The MLS description provides no details about recent renovations, and crucially, there are no interior images of the kitchens, bathrooms, or any other living spaces. This strong omission, coupled with the age, suggests that the interiors are severely outdated and likely require substantial repairs and rehabilitation to meet modern standards. The exterior appears maintained but not recently updated. The mention of 'additional unpermitted square footage' also indicates potential issues or required work for a buyer. While it's marketed for 'immediate rental income,' the condition for a modern occupant is likely 'poor' without significant investment.
Pros & Cons

Pros

Multi-Unit Income Generation: Legally a triplex with three income-generating units, providing immediate rental income potential for investors.
Prime Location & Accessibility: Situated in the heart of Helms & Culver City Arts District, with quick access to major employment hubs (Amazon Studios, HBO, Ivy Station) and the 10 Freeway.
High Development Potential: A 6,000 SF LARD1.5-zoned lot allows for increased density and strong future development opportunities.
Excellent Walkability & Local Amenities: Boasts an excellent Walk Score, offering a vibrant, pedestrian-friendly lifestyle with proximity to popular dining, shopping, and cultural attractions.
Public Transit Proximity: Less than half a mile from the La Cienega/Jefferson Metro Expo Station, providing seamless access to Downtown LA, Santa Monica, and beyond.

Cons

Unpermitted Square Footage: The presence of 'additional unpermitted square footage' poses potential legal and financial risks for a buyer regarding compliance and future modifications.
Significant Price Discrepancy: The listing price is substantially higher than the estimated property value, suggesting potential overpricing relative to current market assessments.
Age of Property: Built in 1928, the property's age may imply older infrastructure, potential for deferred maintenance, and less modern layouts compared to newer constructions.

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