5832 David ave, Culver City, CA 90034
Active
$3,250,000
3 Units
11 Beds
10 Baths
4,800 Area(sq.ft.)
Lot: 4,983 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 4 | 3 | No | $ 6,000 | n/a | $ 6,000 |
| Unit 2 | 1 | 3 | 3 | No | $ 5,000 | n/a | $ 5,000 |
| Unit 3 | 1 | 4 | 3 | No | $ 8,000 | n/a | $ 8,000 |
| 3 | 11 | 9 | $ 19,000 | $ 0 | $ 19,000 |
| MLS #: | 25524413 |
| Days On Market: | 265 |
| Listing Date: | May 16, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 677 |
| Price per unit: | $ 1,083,333 |
| Year Built: | 2025 |
Property Details
Introducing The David III, a newly built luxury triplex offering approx. 4,800 SF of living space across three vacant, design-forward residences in the heart of Culver City's creative district. This SB-8 exempt, nonrent controlled asset features a total of 11 beds and 9 baths, including a 4BD/3.5BA front unit with private yard, a 3BD/2.5BA middle unit, and a 4BD/3BA rear unit with a full-floor primary suite and expansive backyard. Each home showcases open layouts, designer finishes, custom kitchens, wide-plank flooring, side-by-side parking, and solar panels that reduce utility expenses and boost long-term returns. With projected gross rents of $19,000/month, the offering delivers a CAP rate of approx. 5.61% and a 14.25 GRM based on current pricing. Located minutes from Erewhon, Helms Bakery, and top employers like Amazon Studios, Google, Sony, and TikTok, this is a rare opportunity to own premium new construction in one of LA's fastest-growing submarkets. Contact the listing agent for full financials and private showings.Interested in this Listing?
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Income Details
| Vacancy Rate: | 100% |
| Gross Operating Income: | $ 228,000 |
| Total Annual Expense: | $ 45,600 |
| Net Operating Income: | $ 182,400 |
| Gross Annual Income: | $ 228,000 |
| Cap Rate: | 5.61% |
| Gross Rent Multiplier: | 14.25 |
Structure
| Type of Units: | New Units |
| Buildings: | 1 |
| Levels: | Multi/Split |
Land & Parking
| Zoning: | LARD1.5 |
| Parking Garage: | Garage - 4+ Car, Carport, On street, Driveway |
Interior
| AC/Cooling: | Central |
| Equipment: | Range/Oven, Refrigerator, Solar Panels, Washer, Microwave, Garbage Disposal, Freezer, Dishwasher, Dryer |
| Heating: | Central |
Exterior
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