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$3,650,000
Est. payment /mo
14 Beds
6,270 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 6,270 sqft
Price per Sqft $582
MLS Listing ID CROC25028750
Bedrooms 14
HOA Y/N No
Year Built 2024
Lot Size 5,004 Sqft
Acres 0.11
Property Sub-Type Quadruplex
Property Description
Introducing an exceptional investment opportunity—a newly constructed, non-rent controlled, fully occupied 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 5.20% with projections reaching 5.52% 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 3-bedroom ADU while
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Cooling Zoned, Other
Fireplace No
Laundry Washer, Other, Inside
Exterior
Exterior Feature Front Yard
View Y/N true
View City Lights
Total Parking Spaces 8
Building
Lot Description Other, Front Yard, Landscape Misc
New Construction No
Others
Tax ID 4218001016
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Listed by Drew Dunn • Four Brothers Real Estate, Inc.