Culver City Multifamily Investment
For Sale
$3,450,000
3827 Tilden Ave, Culver City, CA 90232
Mid-century complex near Downtown Culver City with development potential.
Property Size9,340 SF
Lot Size0.25 Acres
Price / SF$369.38
Days on Market183
Property Features for 3827 Tilden Ave
General Information
Standard status
Active
Size
9,340 SF
Lot size
0.25 Acres
Property subtype
Multifamily
Listing Agency:
CB Richard Ellis, Inc.
Listed By:
Adam Peterson · License #1815802
(310) 550-2592
Source:
Cbre
Added: Apr 15
Changed: Oct 8
Last Checked: Oct 12 at 6:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CB Richard Ellis, Inc.
Investment Insights
Based on property information with market context.
This mid-century modern complex, built in 1957, is situated on a 10,927 square foot lot and includes 9,340 square feet of living area across ten units. The property features a gated entry, a private courtyard, and 15 dedicated parking spaces. Located a half-mile from Downtown Culver City and the Helms Bakery complex, the property offers walkability to dining and the new Entertainment Zone.
Key Highlights
- Unparalleled walkability to Downtown Culver City and Helms Bakery complex.
- Expansive 10,927 square foot lot.
- Substantial 9,340 square feet of living area across ten units.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$150,288
Cap Rate
4.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,005,760
$3.0M
Cap Rate 7%
$2,146,971
$2.1M
Cap Rate 9%
$1,669,867
$1.7M
Market Conditions
NOI Build-Up for 9,340 SF
Gross rent
$297.0K $31.80/SF
− Vacancy
−$23.8K −$2.54/SF
EGI
$273.3K $29.26/SF
− OpEx
−$123.0K −$13.17/SF
NOI
$150.3K $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 Rate 5%
$3,005,760
Cap Rate 7%
$2,146,971
Cap Rate 9%
$1,669,867
Alternative Uses
Best Use
Apartment 5plus
$2.15M
$1.88M – $2.50M
NOI $150,288 @ 7.0% cap · market cap 4.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.00M
$4.38M – $5.83M
NOI $350,042 @ 7.0% cap · market cap 10.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
4,885
Businesses Nearby
Explore this area
Business Placement
Demographics for 90232, CA
16,452
Population
7,995
Households
2.1
Avg Household Size
38
Median Age
64%
College-Educated
91%
High-School Grad
2.2 sq mi
ZIP Area
7,478
Density / Sq Mi
$125,490
Median Household Income
$84,701
Median Earnings
$2,659
Median Rent
$1,491,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Mid-century complex near Downtown Culver City with development potential.
Where is this apartment building located?
The property is located at 3827 Tilden Ave Culver City, CA.
What is the asking price?
The asking price for this property is $3,450,000.
What are key features of this property?
This property features: Unparalleled walkability to Downtown Culver City and Helms Bakery complex.; Expansive 10,927 square foot lot.; Substantial 9,340 square feet of living area across ten units.
