Mid-City
Fourplex
Luxury duplex + 1 ADU minutes from the heart of Culver City! Boasts a projected 5.03% cap rate, no rent control, all separate meters, massive floorplans, and premium finishes! This is an enormous property, totaling 5,309 square feet of livable space!
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GRM:
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Highlights:
$2,400,000
5.03% (pro forma)
15.04 (pro forma)
5,309 sqft
1x 4b/4.5b SFR
1x 4b/4.5b
1x 2b/1b ADU
Separately metered utilities
No rent control
Diverse unit mix
Huge deck on rear unit
Unbeatable cap rate
Designer finishes
Prime Mid-City location
Walk to the Art District
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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Unbeatable price per door!
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OPPORTUNITY ZONE, meaning enormous tax benefits if you close prior to completion (please consult a CPA or tax specialist to confirm).
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No rent-control!
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Diverse unit mix, making for lowest vacancy rate!
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Will be delivered with ultra-premium finishes, including designer tiles, modern glossy cabinets and natural wood waterproof vinyl.
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The average cap rate of nearby new construction sales is 4.64%! This offers a much stronger return of 5.03%.
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High ceilings, ample windows, walk-in closets, and more!
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MASSIVE DECK OFF THE REAR UNIT!
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Located in the highest demand rental area, Mid-City. We personally lease countless units per month here and they move faster than any other area in LA.
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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’s District!
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All units separately metered for gas, electric AND water! Microscopic expenses!