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Listed by Drew Dunn • Four Brothers Real Estate, Inc.
$ 3,600,000
Est. payment | /mo
6,270 SqFt
$ 3,600,000
Est. payment | /mo
6,270 SqFt
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
Source California Regional Multiple Listing Service (CRMLS)
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
Fireplaces Type None
Laundry Electric Dryer Hookup, Inside, Washer Hookup, Washer Included
Exterior
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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Marissa Buss & Danny Lampert
Lic# 01770909 | 01834114