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$ 3,550,000
Est. payment | /mo
14 Beds
16 Baths
5,004 Sqft Lot
$ 3,550,000
Est. payment | /mo
14 Beds
16 Baths
5,004 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26163764
Bedrooms 14
Lot Size 5,004 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Introducing an exceptional, 100% occupied investment opportunity! A newly constructed, non-rent-controlled four-unit luxury apartment complex in the heart of Culver City's thriving Silicon Beach. Surrounded by major employers including Amazon Studios, Sony Pictures, Apple, HBO, Hulu, Google, and the offices of countless technology and entertainment companies, this prime location continues to experience strong demand for high-quality rental housing. The property generates $260,400 in annual gross income and offers a true Year One cap rate of 5.60%, with built-in rental increases projected to elevate the cap rate to 5.75%. Thoughtfully designed for today's renters, each spacious residence features open-concept floor plans, private in-unit laundry, multiple private balconies or decks, designer finishes, and two dedicated parking spaces. The unit mix consists of a front duplex with two expansive 4-bedroom, 4.5-bath residences and a rear duplex with two 3-bedroom, 3-bath residences, providing an ideal blend of larger family-oriented units. Each unit is individually metered for water and electricity, reducing owner expenses while providing tenants with independent utility control. Luxury amenities include a full suite of premium appliances, including a washer and dryer, refrigerator, dishwasher, 36-inch range, and over-the-range microwave. Each unit is also equipped with fully owned solar panels, providing long-term energy savings and increasing tenant appeal. Adding to the property's upside is a rare value-add opportunity to convert the existing oversized four-car garage into an
Location
State CA
County Los Angeles
Zoning Seller
Direction Between Culver Blvd and Barman St
Interior
Cooling Zoned Area(s)
Fireplace No
Exterior
View Y/N No
Building
Story 3
Level or Stories 3
Others
Senior Community No
Tax ID 4218001016
Acceptable Financing Cal Vet, Cash, Conventional, Exchange, FHA, VA
Listing Terms Cal Vet, Cash, Conventional, Exchange, FHA, VA
Listed by Drew Dunn, DRE#01941825 Four Brothers Real Estate, Inc.
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