4014 La Salle Ave, Culver City, CA 90232

Description

4014 La Salle Ave sits right across Culver Blvd from the Sony Studios gates. It's one block from Equinox and a straight shot to all the action, cafs and restaurants of Downtown Culver City. Professionally managed, this is your turnkey option in the heart of one of the most vibrant, growing parts of Los Angeles. Stabilized cash flow with room to add significant value is rare, and this one has both! Gut-renovated in 2025, these units bring top-of-market rents and lease fast. The owners modernized every interior and updated the roof, main sewer line and exterior. Every unit has its own washer/dryer, forced-air heating and cooling, and a modern kitchen and appliances. Tenants pay gas and electric, plus RUBS for water. --- LIVE IN IT OR LEASE IT. The downstairs unit (4020) is a huge owner's unit: about 2,000 sq ft with 3 beds, 2 baths, a bonus rec room/office, a private pool, a covered patio and a sun-drenched pool deck, all fully fenced for privacy. A 2,000 sq ft single-family home in this neighborhood would cost $2.5M$3M+. Here, you get the same space plus three income-producing units for the same price! Upstairs, 4014, 4016 and 4018 are top-floor 1-bed/1-bath units with great natural light and tree-lined street views, and 4018 has a large balcony to sit and lounge on. --- ROOM TO GROW. Rare is the property that keeps tenants comfortable while offering the potential to more than double the unit count. Under California ADU law, including SB 1211 (Gov. Code 66323), and local ordinances, buyers may be able to add multiple ADUs and potentially convert the bonus spaces, with relatively minimal impact on the existing units. Filling in the pool could open up room for 2 or more ADUs. The tuck-under parking must be retrofitted by 2029, which may create an opportunity to explore converting that space into 12 new ADUs as part of the same project. And the bonus/rec room is a potential conversion candidate. Pursue some or all of these ideas to potentially grow your rent roll and add 7 figures of value. --- Built in 1958, with about 4,092 sq ft on a 6,784 sq ft CCR4 lot. Location, income, size, amenities and upside make it the best of all things real estate. This one demands a serious look! --- Buyer to verify all ADU potential, retrofit requirements, permitting, square footage, income projections and value estimates with the City of Culver City and their own advisors.