11915 Jefferson blvd, Culver City, CA 90230
Active
$4,125,000
14 Units
24 Beds
14 Baths
10,340 Area(sq.ft.)
Lot: 9,503 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 4 | 1 | 1 | No | $ 1,706 | $ 6,824 | $ 9,200 |
| Unit 2 | 10 | 2 | 1 | No | $ 2,289 | $ 22,888 | $ 28,000 |
| 14 | 24 | 14 | $ 29,714 | $ 256,176 | $ 316,800 |
| MLS #: | 25524499 |
| Days On Market: | 239 |
| Listing Date: | April 11, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 399 |
| Price per unit: | $ 294,643 |
| Year Built: | 1963 |
Property Details
We are pleased to present 11915 Jefferson Blvd, a 14 unit apartment building located in Playa Vista, a neighborhood in the Westside area of Los Angeles, CA. Built in 1963, the property consists of (4) one-bedroom + one-bathroom units and (10) two-bedroom +one-bathroom unit. The building is 10,340 gross square feet and sits on a 9,500 square foot lot.11915 Jefferson Blvd is located on a charming, tree-lined street in Playa Vista. There is no shortage of activities to explore in the area. From popular hiking trails of Baldwin Hills to touring Sony Pictures Studio. Playa Vista, centrally located in West Los Angeles, offers easy access to Santa Monica, Downtown LA, and Beverly Hills via the 405 and 10 freeways. Close to Silicon Beach and Venice, it's a hub for entertainment, tech, and dining. The Metro E Line connects it to Downtown LA and Santa Monica, making it a prime spot for work and leisure. 11915 Jefferson Blvd represents a unique value-add opportunity for investors due to the property's location and rental upside. The property offers a initial CAP rate of 5.16% with the ability to improve to a 7.08% CAP rate once units turnover.Interested in this Listing?
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Income Details
| Vacancy Rate: | 14% |
| Gross Operating Income: | $ 357,744 |
| Total Annual Expense: | $ 134,199 |
| Net Operating Income: | $ 212,813 |
| Gross Annual Income: | $ 357,744 |
| Cap Rate: | 5.16% |
| Gross Rent Multiplier: | 11.53 |
Structure
| Type of Units: | Apartments |
| Buildings: | 1 |
| Levels: | Multi/Split |
Land & Parking
| Zoning: | LAR3 |
| Parking Garage: | Covered Parking |
Interior
| AC/Cooling: | Window Unit(s) |
| Equipment: | None |
| Heating: | None |
Exterior
Detailed Map
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Income
