Mid-City Fourplex
Real 5.54% cap rate! FULLY RENTED NON-RENT CONTROLLED new construction fourplex on the best street in Mid-City: Carmona! Ultra-gentrified location that is walking distance to the Culver City Art District. Opp zone! Over 10 tenant apps received- huge rental demand. Features outstanding floorplans with massive kitchen/living areas and luxury finishes!
List Price:
Cap Rate:
GRM:
Bldg. Size:
Unit Mix:
Highlights:
$3,250,000
5.54% (actual)
13.96 (actual)
6,758 sqft
1x 4b/4b
1x 4b/3.5b
2x 3b/3.5b
Fully rented
10+ tenant apps received
Huge rental demand
OPPORTUNITY ZONE!!!
Best price in Mid-City!
High cap rate
Separately metered utilities
Solar panels
No rent control
Huge kitchens & living rooms
Designer finishes
Prime Mid-City location
Unbeatable curb appeal
Super low maintenance
High demand rental market
Click to View Photos
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The Neighborhood
< 15-Minute Walk
Alta, Open Face Food Shop, Tartine West Adams, Mecca Mid-City, Mian, Genesee Avenue Park, Delicious Pizza, The Gathering Spot LA, Martin Avenue Elementary School, Cliffs of Id, Bee Taqueria
< 15-Minute Drive
The Culver Steps, Ivy Station, Amazon Studios, Sony Pictures, Cognoscenti Coffee, Pasta Sisters, Father's Office, Kaiser Permanente, The Grove, The Farmer's Market, Mandrake, Target, Midtown Shopping Center
< $15 Uber Ride
Downtown Culver City, Beverly Center, Cedars Sinai, Trader Joes, Equinox, LACMA, The Culver Hotel, El Rey Theatre, The Mint, Public School, Rodeo Drive, Wilshire Country Club, Larchmont Village
Submit your offers now!
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Whole building was pre-leased before utilities even went in at MARKET RENTS!
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Real 5.54% cap rate!
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Over 10 competing applications submitted on these units due to huge desire for this property!
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No rent control!
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OPPORTUNITY ZONE
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Located on Carmona Ave, one of the hottest streets for rentals in Mid-City!
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Will be delivered with ultra-premium finishes, including marble waterfall islands, designer tiles, modern glossy cabinets and natural wood waterproof vinyl.
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Ideal unit mix of two 4 bedroom units and two 3 bedroom units!
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Boasts 8 total parking spots with 3 garage spaces!
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High ceilings, ample windows, walk-in closets, and more!
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Comes with solar panels!
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Moments from countless mixed-use developments such as Ivy Station (HBO headquarters), the Cumulus Development (Whole Foods), and the Culver Steps (Amazon Studios).
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Walking distance to the Culver City Art District!
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All units separately metered for gas, electric AND water! Microscopic expenses!