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318 Culver
Playa Del Rey, CA 90293


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Property Remarks

The challenge to transform this mixed-use 9 unit property equals the reward. Four LAR-# Units above 5 Retail shops fronting Culver Blvd. Feasibility studies have explored a 13-18 unit potential within conforming guidelines of a dual street frontage building. This unique mix of 5 LAC-4 with 4 LAR-3 properties are all under 1 APN. ZIMAS has redefined the APN as all LAC-4, providing a more creative best use scenario for the property. Strong upside for the development in an underserved, but rapidly gentrifying market. Just three blocks to the Beach. Pedestrian Traffic has quadrupled in the past year alone.

Property Details

MLS#
17257340
Days on Market
107
Year Built
1962
Stories
2
Building/Living Area (sq ft)
7,601
Source of SqFt
Appraiser
Source of Lot Size
Public Records

Location

State
CA
County
Los Angeles
Area
Playa Del Rey (C31)

Presented By:

Listing provided courtesy of Thomas Corte , ERA Matilla Realty


Exterior

Lot Acreage
0
Paved
No
Waterfront
No


Interior

Cooking Appliances
Range
Equip/Appliances
Dishwasher
Dryer
Garbage Disposal
Refrigerator
Trash Compactor
Washer

Additional Property Details

Number of Units
9
Parking Spaces
4
Number of Buildings
1
Gross Operating Income
$160,272
Total Expense
$21,269
ADA Compliance
No

Heating
Combination
Parking
Carport Attached

Playa Del Rey

Enjoying a generous expanse of prime Southern California coastline, Playa del Rey sometimes gets confused for its neighbors Marina Del Rey and Del Rey but this intimate beachside enclave on the Westside of Los Angeles should be known and adored in its own right for its long sandy beach and the protected Ballona Wetlands, home to a wide variety of flora and fauna.

Real Estate: Palisades del Rey was the name of the original 1921 neighborhood land development by Dickinson & Gillespie Co. that later came to be called Playa del Rey.  The discovery of oil in the area and the creation of nearby aviation facilities led to a bit of an industrial boom.  This neighborhood includes post-war tract homes and small apartment buildings, some of which have now been converted to condominiums. Many of the homes on the hills overlooking the Pacific Ocean have been expanded in recent years to suit the tastes of modern owners. 

Community Life: The beach beckons here as does Playa del Rey Lagoon park which includes a baseball diamond and small lake. A bridge between Playa del Rey and the jetty between Ballona Creek and the Marina is accessible for pedestrians and bicycles.

Biography:  Enjoying a generous expanse of prime Southern California coastline, Playa del Rey sometimes gets confused for its neighbors Marina Del Rey and Del Rey but this intimate beachside enclave on the Westside of Los Angeles should be known and adored in its own right for its long sandy beach and the protected Ballona Wetlands, home to a wide variety of flora and fauna.

Real Estate: Palisades del Rey was the name of the original 1921 neighborhood land development by Dickinson & Gillespie Co. that later came to be called Playa del Rey.  The discovery of oil in the area and the creation of nearby aviation facilities led to a bit of an industrial boom.  This neighborhood includes post-war tract homes and small apartment buildings, some of which have now been converted to condominiums. Many of the homes on the hills overlooking the Pacific Ocean have been expanded in recent years to suit the tastes of modern owners. 

Community Life: The beach beckons here as does Playa del Rey Lagoon park which includes a baseball diamond and small lake. A bridge between Playa del Rey and and the jetty between Ballona Creek and the Marina is accessible for pedestrians and bicycles.

Education: Playa del Rey is served by the Los Angeles Unified School District and the Wiseburn School District also accepts students from the area. Schools in the area include Paseo del Rey Natural Science Magnet, Westchester Hugh School, Orville Wright Middle School, Loyola Village Elementary School and Kentwood Elementary School. Private schools include St. Bernard High School and Del Rey Christian Children’s Center.  

Transportation: Playa del Rey is easily reached by the Pacific Coast Highway (1). The area is served by a Route 3 of the Big Blue Bus as well as several other bus lines.

Local Attractions:  Dockweiler Beach is a popular draw, attracting people from many surrounding areas. Fire pits make summer bonfires a beloved activity.

Education: Playa del Rey is served by the Los Angeles Unified School District and the Wiseburn School District also accepts students from the area. Schools in the area include Paseo del Rey Natural Science Magnet, Westchester Hugh School, Orville Wright Middle School, Loyola Village Elementary School and Kentwood Elementary School. Private schools include St. Bernard High School and Del Rey Christian Children’s Center.  

Transportation: Playa del Rey is easily reached by the Pacific Coast Highway (1). The area is served by a Route 3 of the Big Blue Bus as well as several other bus lines.

Local Attractions:  Dockweiler Beach is a popular draw, attracting people from many surrounding areas. Firepits make summer bonfires a beloved activity.

Community Explorer

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