Culver West Apartment
4061 Wade St, Los Angeles, CA 90066
Charming 10-unit apartment community in prime Culver West.
Type:Multifamily
Property size:
7,996 SFLot size:
0.36 AcresPrice / SF:
$450/SF- Added:
- Jan 22, 2026
- Days on Market:
- 110
- Last Refresh:
- Mar 17 at 1:13 pm
Property Features for 4061 Wade St
General Information
- Standard status
- Active
- Size
- 7,996 SF
- Lot size
- 0.36 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1953
Listing agent Dakoda Iversen License #02128611
Listing office Kidder Mathews Los Angeles West
Listing date Jan 22, 2026
Source Crexi
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
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.
- Located in the highly desirable Culver West neighborhood with exceptional walkability to shopping, dining, and entertainment.
- Strong candidate for future detached ADU development due to the large 15,825‑square‑foot lot size and configuration.
- Adjacent to Culver West Alexander Park, offering green space, sports courts, a playground, and a dog‑walking path.
Overview
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.4345476
- Latitude
- 33.9952623
Nearby Similar for Sale
FAQs
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.
