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Listed by Drew Dunn • Four Brothers Real Estate, Inc.
$ 3,600,000
Est. payment | /mo
5,004 Sqft Lot
$ 3,600,000
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 CROC25028750
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 complex in Culver City's thriving Silicon Beach district, home to industry giants like Facebook, YouTube, Amazon Studios, Sony Pictures, HBO, Hulu, and Beats Electronics. With strong demand for high-quality housing, this property generates gross rents of $252,000, offering a true Year One cap rate of 5.30% with projections reaching 5.65% through built-in rent increases. Designed for modern living, each spacious unit features open floor plans, private laundry, multiple decks, high-end finishes, and two dedicated parking spaces per unit. The front duplex consists of two 3-bedroom, 3-bath units, while the rear duplex offers two expansive 4-bedroom, 4.5-bath units, making for an ideal rental mix. The property is fully separately metered for water and electricity, ensuring individualized utility control for tenants. Luxury appliances-including a washer, dryer, dishwasher, 36-inch range, refrigerator, and over-the-range microwave-enhance the home's appeal, while fully paid-off solar panels for each unit promote energy efficiency. A unique value-add opportunity exists with the spacious four-car garage, which can be converted into an additional 2-bedroom 2.5 bathroom ADU wh
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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