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Listed by Drew Dunn, DRE #01941825 • Four Brothers Real Estate, Inc.
$ 3,550,000
Est. payment | /mo
5,004 Sqft Lot
$ 3,550,000
Est. payment | /mo
5,004 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC26163764
Year Built 2024
Lot Size 5,004 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
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, d
Location
State CA
County Los Angeles
Area C28 - Culver City
Interior
Cooling Other, 9
Laundry 30, Other, Washer, 9
Exterior
Garage Spaces 8.0
Pool None
View City Lights
Building
Lot Description Grade - Level
Story Three or More Stories
Water District - Public
Others
Tax ID 4218001016
Special Listing Condition Not Applicable
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