Culver West Apartment
For Sale
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4061 Wade St, Los Angeles, CA 90066
Charming 10-unit apartment community in prime Culver West.
Property Size7,996 SF
Lot Size0.36 Acres
Price / SF$450.23
Days on Market206
Property Features for 4061 Wade St
General Information
Standard status
Active
Size
7,996 SF
Lot size
0.36 Acres
Property subtype
Multifamily
Zoning
CCR3A*
Building Details
Year Built
1953
Listing Agency:
Kidder Mathews Los Angeles West
Listed By:
Dakoda Iversen · License #02128611
Source:
Crexi
Added: Jan 22
Changed: Aug 8
Last Checked: Aug 8 at 6:42AM
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 Kidder Mathews Los Angeles West
Investment Insights
Based on property information with market context.
Located in the highly desirable Culver West neighborhood, this charming 10-unit apartment community at 4061 Wade St was built in 1953. The property sits on an expansive 15,825-square-foot parcel and features an attractive mix of all two-bedroom units. The lot size and configuration make the property a strong candidate for future detached ADU development. Ample on-site parking is provided at the rear of the property, including 10 covered spaces and 3 uncovered spaces. The building offers spacious, well-appointed units and delivers an initial 5.39% cap rate, with approximately 15% rental upside achievable through unit turnover and renovation, as well as the implementation of a RUBS program to recapture utility expenses. The existing loan is potentially assumable at a highly attractive 4.35% interest rate, fully amortizing and fixed through July 1, 2027. Residents enjoy exceptional walkability, with a wide selection of shopping, dining, and entertainment just steps away along Washington Boulevard. The property is also less than a mile from Villa Marina Marketplace, a major Marina del Rey retail destination. The property is situated on a peaceful residential street that dead-ends into Culver West Alexander Park, a 3.13-acre neighborhood park offering open green space, sports courts, a playground, and one of Culver City’s only designated dog-walking paths.
Key Highlights
- Charming 10‑unit apartment community featuring an attractive mix of all two‑bedroom units.
- Attractive assumable loan at a 4.35% interest rate, fully amortizing and fixed through July 1, 2027.
- Initial 5.39% cap rate with approximately 15% rental upside achievable through unit turnover, renovation, and RUBS implementation.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,756
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
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 - Charming 10-unit apartment community in prime Culver West.
Where is this apartment building located?
The property is located at 4061 Wade St Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: Charming 10‑unit apartment community featuring an attractive mix of all two‑bedroom units.; Attractive assumable loan at a 4.35% interest rate, fully amortizing and fixed through July 1, 2027.; Initial 5.39% cap rate with approximately 15% rental upside achievable through unit turnover, renovation, and RUBS implementation.
