Restricted Address

Culver City, CA 90232

$5,450,000
Price
12
Beds
11
Baths
6,992 Sq. Ft.
$779 / Sq. Ft.
6,992
Sq. Ft.
$779
per Sq. Ft.

Description

Back on the market with a major price adjustment: The Culver, located across the street from Sony Studios in downtown Culver City, is a best in-class, 10-unit apartment building that has been fully renovated inside and out to meet the unique demands of the submarket. The Culver boats a Walker's Paradise score of 95 out of 100. New investors can benefit from a true pride-of ownership, luxury asset in one of the hottest employment, entertainment and cultural hubs in Southern California. The property...Back on the market with a major price adjustment: The Culver, located across the street from Sony Studios in downtown Culver City, is a best in-class, 10-unit apartment building that has been fully renovated inside and out to meet the unique demands of the submarket. The Culver boats a Walker's Paradise score of 95 out of 100. New investors can benefit from a true pride-of ownership, luxury asset in one of the hottest employment, entertainment and cultural hubs in Southern California. The property consists of 8 units plus two legal and permitted ADUs.
  1. Listed by Steffan Braunlich • DRE #01859098 • Brokerage DRE #01308753 • Berkadia

Property Details for Restricted Address

Zoning
CCC3YY
Parcel Number
4207010002
Total Units
10.0
Living Area
6992
Source Living Area
Estimated
Area
Culver City (C28)
Vacancy Rate
0
Lot Size Area
7639
LISTING UPDATED: 12/13/2024 08:56 AM

Property Details for Restricted Address

StatusActive
MLS #24-439699
Days on Market99
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1953
Lot Size0.18 AC / 7,639 SF
CountyLos Angeles County

Building Information for Restricted Address

Stories2Residences-Year Built1953Building Size-Lot Size0.18 AC / 7,639 SF

Property Information for Restricted Address

Community / Development
Community / Development
  • Number Of Units: 10
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $380,523
  • Net Operating Income: $269,333.00
  • Gross Income: $392,292
  • Cap Rate: 4.94%
  • Gross Rent Multiplier: $13.89
  • Total Annual Expense: 111190
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1754
  • Lot Size Square Feet: 7639
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 8
  • Parking Features: Assigned
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Air Conditioning
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-13-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,256.00
  • Unit Actual Rent: $22,792.00
  • Unit Projected Rent: $23,450.00
  • Like Units: 7
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,775.00
  • Unit Actual Rent: $2,775.00
  • Unit Projected Rent: $2,950.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,375.00
  • Unit Actual Rent: $3,375.00
  • Unit Projected Rent: $3,395.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,750.00
  • Unit Actual Rent: $3,750.00
  • Unit Projected Rent: $3,800.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $735,824.00
  • Assessed Improvement Percent: 20.59
  • Assessed Land Value: $2,838,181.00
  • Assessed Land Percent: 79.41
  • Assessed Total Value: $3,574,005.00

Property History for Restricted Address

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for Restricted Address

Taxable ValueLand$2,894,944Additions$750,540Total$3,645,484
Tax Record2024$45,428 ($3,786 / month)
Home Facts
Total Finished SqFt5,852 SqFtAbove Grade Finished SqFt5,852 SqFtLot Size7,637 SqFtStyleMulti-Family Res (5+ Units)Year Built1953ZoningCCC3YYCountyLOS ANGELESAPN4207-010-002

Schools near Restricted Address

This home is within Culver City Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Linwood E. Howe Elementary School
PublicK to 5

Culver City Middle School
Public6 to 8

Culver City High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Restricted Address is a multi-family home for sale in Culver City, CA 90232. This property was listed for sale on September 13, 2024 by Berkadia, it's currently listed at $5,450,000. It has been on the market for a total of 99 days and was last sold on June 20, 2019. This listing's school district is Culver City Unified School District. Nearby schools include Linwood E. Howe Elementary School, Culver City Middle School and Culver City High School. Restricted Address is a 12-bed, 11-bath, 6,992 sqft multi-family home built in 1953.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Berkadia, Steffan Braunlich, DRE #01859098

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.