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Listed by Drew Dunn • Four Brothers Real Estate, Inc.
$3,600,000
Est. payment /mo
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 $574
MLS Listing ID OC-25028750
Year Built 2024
Lot Size 5,004 Sqft
Property Sub-Type Quadruplex
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 while still retaining 7+ parking stalls, increasing equity and income potential. The ADU is projected to increase gross monthly rent by $3,600 and raise the NOI to 6.75%.. Every aspect of this property reflects a commitment to sustainability, from eco-friendly construction materials to water reclamation systems and drought-resistant landscaping. The new owner will acquire a fully warranted, low-maintenance, green-certified property with long-term appreciation potential. Attractively priced and strategically located in a high-growth area, this is a rare opportunity to secure a prime income-generating asset in one of Los Angeles' most sought-after rental markets. Don't miss out on this exceptional investment!
Location
State CA
County Los Angeles
Area C28 - Culver City
Zoning LAR3
Interior
Cooling Ductless, High Efficiency, Zoned
Fireplaces Type None
Laundry Electric Dryer Hookup, Inside, Washer Hookup, Washer Included
Exterior
Parking Features Gated
Garage Spaces 8.0
Pool None
Community Features Street Lights
View Y/N Yes
View City Lights
Building
Lot Description Front Yard, Landscaped, Lawn, Level with Street
Sewer Public Sewer
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John R Thompson
Broker/Owner | License ID: 01200900
Broker/Owner License ID: 01200900