4243 Overland AVE Culver City, CA 90230

PROBATE SALE, Subject to Court confirmation and over-bidding in Court. Sale was confirmed in Court on January 31st, 2022. Single-tenant restaurant with potential for redevelopment in highly desirable Culver City. Strategically located in the corner of Overland and Barman Ave. For sale AFTER 74 years! The restaurant has both indoor dining, and a big patio for outdoor dining too, with parking in the back. Cafe Laurent, the current tenant, has been there since May 2013. Current lease term expires April 29, 2023, with no known options to extend. Current monthly rent is $4,500, which comes to $3.80 modified gross. Market rent for similar properties in the area is around $5.50-$6.50 NNN. Hence, there is an upside in rent once the current lease term ends, in about 19 months. Seller is a Court-appointed fiduciary and cannot make any representations as to the condition and history of the subject property. Property is being sold AS IS and WHERE IS with current tenant in place. Buyer to conduct their own investigations.