Active
$2,870,000
7 Units
12 Beds
12 Baths
6,749 Area(sq.ft.)
Lot: 7,495 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | studio | 1 | No | $ 1,995 | $ 1,995 | $ 2,095 |
| Unit 2 | 1 | 2 | 1.75 | No | $ 2,605 | $ 2,605 | $ 3,200 |
| Unit 3 | 1 | 1 | 1 | No | $ 2,475 | $ 2,475 | $ 2,550 |
| Unit 4 | 1 | 2 | 1.75 | No | $ 3,185 | $ 3,185 | $ 3,250 |
| Unit 5 | 1 | 2 | 1.75 | No | $ 2,710 | $ 2,710 | $ 3,250 |
| Unit 6 | 1 | 2 | 1.75 | No | $ 2,530 | $ 2,530 | $ 3,250 |
| Unit 7 | 1 | 3 | 2 | No | $ 3,720 | $ 3,720 | $ 3,850 |
| Unit 8 | 1 | studio | 0 | No | $ 125 | $ 125 | $ 150 |
| 8 | 12 | 12 | $ 19,345 | $ 19,345 | $ 21,595 |
| MLS #: | 25549265 |
| Days On Market: | 179 |
| Listing Date: | June 9, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 425 |
| Price per unit: | $ 410,000 |
| Year Built: | 1968 |
Property Details
Get ready to jump on an incredible opportunity in the heart of Culver City! Family owned and managed, first time on the market in 49 years. A short distance from Sony Studios and the vibrant energy of Downtown Culver City! Your future tenants will love the easy access to hot spots like One Culver, Culver Steps, Erewhon, Amazon Studios, NFL Network, Equinox Culver City, and Ivy Station. This prime location ensures high demand and continued appreciation. Offered at a current GRM of 12.24 and cap rate of 5.65% and a pro-forma cap rate of 6.54%. This property offers an outstanding unit mix designed to attract a variety of tenants, including one spacious 3-bedroom/2-bathroom unit, four comfortable 2-bedroom/1.75-bathroom units, one 1-bedroom unit, one large Single unit with a private patio and one large office/storage room which is rented but may be delivered vacant. Tenants benefit from 11 on-site parking places and you'll enjoy supplemental income from the on-site laundry. As an added plus, four of the seven units have undergone extensive and tasteful renovations within the past several years. You will also benefit from a low expense ratio on this well maintained property which includes a high quality double layer roof with a warranty that extends to 2037. With 6,749 SF of living area on a generous 7,495-SF lot and CCR4 zoning, this Culver City gem is truly a long-term investment you won't want to miss. It's an opportunity to secure a high-performing asset in one of the most desirable locations!Interested in this Listing?
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Income Details
| Vacancy Rate: | 1% |
| Gross Operating Income: | $ 227,387 |
| Total Annual Expense: | $ 65,251 |
| Net Operating Income: | $ 162,204 |
| Gross Annual Income: | $ 234,420 |
| Cap Rate: | 5.65% |
| Gross Rent Multiplier: | 12.24 |
| Actual Gross Rent: | $ 232,140 |
| Actual Gross Income: | $ 234,420 |
| Actual Rent Total: | $ 23,140 |
Structure
| Type of Units: | 3,2&1BD,SING |
| Buildings: | 1 |
| Levels: | Two |
Land & Parking
| Zoning: | CCR4YY |
| Parking Garage: | Covered Parking |
| Total Parking: | 11 |
Interior
| AC/Cooling: | Other |
| Equipment: | Other |
| Heating: | Other |
| Laundry: | Laundry Area, Room |
Exterior
Detailed Map
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