Six-Unit Apartment
New
For Sale
$2,000,000
3837 Sawtelle Blvd, Culver City, CA 90066
Residential Income, Culver City, CA
Property Size3,862 SF
Lot Size0.22 Acres
Price / SF$517.87
Days on Market2
Property Features for 3837 Sawtelle Blvd
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
CCR4YY
Bedrooms
10
Bathrooms
10
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 9, Bathroom 1, Bathroom 7, Bedroom 7, Bedroom 9, Bedroom 6, Bathroom 5, Bathroom 2, Bedroom 1, Bathroom 6, Bedroom 10, Bedroom 2, Bedroom 8, Bathroom 8, Bedroom 4, Bedroom 3, Bathroom 4, Bedroom 5, Bathroom 10
Parking
4
Parking features
Garage
Appliances
Gas, Oven-Gas, Microwave
Lot features
2-4 Lots
Elementary school district
Culver City Unified School District
Middle school district
Culver City Unified School District
High school district
Culver City Unified School District
Directions
From 405 South: Take exit 52 toward Venice Blvd, turn right onto Sawtelle Blvd, on your left in 350ft. From 405 North: Take exit 52 toward Washington Blvd/ Venice Blvd, turn left onto Sepulveda Blvd, in .01 miles turn left onto Venice Blvd, in .02 miles turn left onto Sawtelle BLvd, on your right in 500ft
Subdivision
Culver City
Standard status
Active
APN
4214-004-022
Size
3,862 SF
Lot size
0.22 Acres
Utilities
Heating system
Natural Gas
Cooling system
Wall Unit(s)
Amenities
workshop/storage
Building Details
Year built
1953
Floors in Building
1
Number of units
6
Flooring type
Hardwood, Tile, Laminate
Roof type
Shingle
Listing Agency:
Nelson Shelton & Associates
Listed By:
Ryan Ford · License #02271499
(310) 271-2229
Added: Sep 9
Last Checked: Sep 10 at 5:06PM
MLS# 26984683
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This six-unit apartment property comprises four two-bedroom, two-bath residences and two bachelor units across two parcels conveyed together. The 3,862-square-foot property includes an on-site workshop and storage area with tools, along with garage parking. Interior features include hardwood, tile, and laminate flooring, gas appliances, natural-gas heating, and wall-unit cooling.
The property is located at 3837 Sawtelle Blvd in Culver City, with access to the 405 and 90. Playa Vista, Marina del Rey, and the Westside job corridor are described as minutes away. The property is fully occupied and subject to CCR4YY zoning.
The property is located at 3837 Sawtelle Blvd in Culver City, with access to the 405 and 90. Playa Vista, Marina del Rey, and the Westside job corridor are described as minutes away. The property is fully occupied and subject to CCR4YY zoning.
Key Highlights
- Six units: four two‑bedroom/two‑bath residences and two bachelor units
- 3,862 square feet across two parcels sold together
- Fully occupied property
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$62,143
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.11%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,242,860
$1.2M
Cap Rate 7%
$887,757
$887.8K
Cap Rate 9%
$690,478
$690.5K
Market Conditions
NOI Build-Up for 3,862 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$122.8K $31.80/SF
− Vacancy
−$9.8K −$2.54/SF
EGI
$113.0K $29.26/SF
− OpEx
−$50.8K −$13.17/SF
NOI
$62.1K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,242,860
Cap Rate 7%
$887,757
Cap Rate 9%
$690,478
Alternative Uses
Best Use
Apartment 5plus
$887.8K
$776.8K – $1.04M
NOI $62,143 @ 7.0% cap · market cap 3.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.07M
$1.81M – $2.41M
NOI $144,739 @ 7.0% cap · market cap 7.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
6
Residential units
100%
Occupancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,984
Businesses Nearby
Explore this area
Business Placement
Demographics for 90066, CA
55,304
Population
26,591
Households
2.1
Avg Household Size
38
Median Age
61%
College-Educated
92%
High-School Grad
4.8 sq mi
ZIP Area
11,522
Density / Sq Mi
$107,786
Median Household Income
$67,298
Median Earnings
$2,211
Median Rent
$1,636,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied multifamily property with a varied unit mix, on-site storage, and garage parking.
Where is this apartment building located?
The property is located at 3837 Sawtelle Blvd Culver City, CA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Six units: four two‑bedroom/two‑bath residences and two bachelor units; 3,862 square feet across two parcels sold together; Fully occupied property
