9,151 Sqft Lot
9,151 Sqft Lot
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25186586
HOA Y/N No
Year Built 1953
Lot Size 9,151 Sqft
Property Sub-Type Apartment
Property Description
Investors: this is one to watch. Twelve 2 bed / 1 bath units plus three income-producing garages, totaling nearly 10,000 square feet of living space on a 9,152 sq ft lot. Two on-site laundry rooms offer added convenience (and potential income). The building has been freshly painted on the exterior and is currently generating solid income with below-market rents — average-condition 2BR units in the area are leasing for ~$2,400/month, offering clear upside through future renovations and lease-ups.
Cap rate just over 5% — already outperforming many nearby assets. This property offers a compelling mix of stable in-place cash flow and long-term value growth potential.
Located in Culver City proper — a submarket with historically strong tenant demand, low inventory, and consistent investor interest. Major employers are all around: Sony Pictures Studios, Southern California Hospital, Culver City Unified School District, West LA College, the buzzing Hayden Tract creative zone, plus the Westfield Culver City Mall just up the road. That means a deep pool of renters who want to live close to both work and play.
Tenants also enjoy Culver City's dining, shopping, and cultural amenities, with Venice, Abbot Kinney, and the beach just minutes away. No wonder Culver City is consistently ranked one of the top places to live in L.A. — the lifestyle sells itself.
Rare product. Real income. Strong fundamentals. Great submarket.
Don't wait — well-positioned assets like this don't trade often.
Location
State CA
County Los Angeles
Area C28 - Culver City
Zoning CCR4YY
Interior
Heating Wall Furnace
Fireplace No
Laundry Common Area
Exterior
Parking Features None
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Street Lights, Sidewalks
Total Parking Spaces 3
Private Pool No
Building
Lot Description 0-1 Unit/Acre, Corner Lot
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4213004015
Energy Description 5100.0
Acceptable Financing Cash, Cash to New Loan, Conventional, Contract
Listing Terms Cash, Cash to New Loan, Conventional, Contract
Special Listing Condition Standard
