A MEGA-SIZED 3-story townhome-style new construction fourplex in prime Mid-City that features ROOFTOP DECKS with amazing views of the city below! Plus, it’s located in an OPPORTUNITY ZONE! This upscale property is made up of two expansive 4b/4.5b units & two similarly gigantic 3b/3.5b units. With rooftop decks, ideal parking (8 spaces, 4 of which are in 2-car garages), & large floorplans, these units will be the #1 choice for tenants in Mid-City. Every box is checked! We project a cap rate of 5.58%. UNHEARD OF!
5.58% (pro forma)
13.89 (pro forma)
All units have rooftop decks
Prime Mid-City location
8 parking spaces
Separately metered utilities
8 minutes from Downtown Culver
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< 5-Minute Drive
Helms Bakery District, Culver City Arts District, Cumulus (Whole Foods), Cliffs of Id, Tartine, Alta, Mizlala, Open Face Food Shop, Mandrake, Brunello Trattoria, Cognoscenti Coffee, Target, See’s Candies, Father’s Office, Kaiser Permanente
< $10 Uber Ride
Culver City Steps, Ivy Station, Amazon Studios, Downtown Culver City, The Culver Hotel, Sony Pictures, Culver City Stairs, Midtown Shopping Center, The Grove, LACMA, The Farmer’s Market, El Rey Theatre, The Mint, Akasha, Public School
Submit your offers now!
UNHEARD OF projected cap rate of 5.58%!
MASSIVE units (7,425 livable square feet).
All units boast rooftop decks, a rare feature that draws a major rental premium.
Opportunity zone!!! Major tax benefits (consult a CPA)!
In a market with new construction comps at $600+ per SF, this is your opportunity to get the nicest fourplex in Mid-City for only $458 per SF!
All units separately metered for gas, electric AND water!
Located walking distance to the Culver City Arts District.
Ideal parking set up! 8 parking spaces, 4 of which are located in 2-car garages!
With SB-8 in effect, we expect less new constructions will be built, making properties like these an even more rare and hot commodity.
Moments from countless exciting mixed-use developments such as Ivy Station (HBO headquarters), the Cumulus Development (brand new Whole Foods), and the Culver Steps (Amazon Studios).
All units separately metered for gas, electric AND water! Very low expenses.
Highly livable floorplans with massive living rooms and kitchens.