Newly Constructed Quadplex With
New
For Sale
$3,550,000
4455 S Slauson Ave, Culver City, CA 90230
2024 quadplex with solar panels, individual utilities, and two parking spaces per unit.
Days on Market5
Property Features for 4455 S Slauson Ave
General Information
Standard status
Active
Total Parking Spaces
12
Property subtype
Investment
Occupancy
100%
Financials
Cap Rate
5.6%
Gross Income
$260,400
Amenities
private in-unit laundry
private balconies or decks
solar panels
drought-tolerant landscaping
water conservation and reclamation systems
Building Details
Building Size
6,270 SF
Year Built
2024
Buildings
2
Tenancy
Multi
Abandoned
No
Listing Agency:
Drew Dunn, Broker
(949) 413-7911
Listed By:
Drew Dunn · License #01941825
(949) 413-7911
Source:
Elliman
Added: Jul 28
Changed: Jul 29
Last Checked: Jul 31 at 12:45PM
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 Drew Dunn, Broker
Investment Insights
Based on property information with market context.
Newly constructed in 2024, this quadplex is presented as 100% occupied. The property features a front duplex with two expansive 4-bedroom, 4.5-bath residences and a rear duplex with two 3-bedroom, 3-bath residences. Units have open-concept layouts, private in-unit laundry, and multiple private balconies or decks, with individually controlled utilities via separate water and electricity metering. Each unit includes two dedicated parking spaces and is outfitted with premium appliances, including a washer and dryer, refrigerator, dishwasher, 36-inch range, and over-the-range microwave. Fully owned solar panels are installed to support long-term energy savings. Reported pro forma performance includes a 5.60% year-one cap rate, with projected increases to 5.75%.
The property is located at 4455 S Slauson Ave in Culver City, with walkScore of 64 and bikeScore of 78, and transitScore of 47. The building is designed for low-maintenance, long-term ownership with water conservation and reclamation systems, drought-tolerant landscaping, and other energy-efficient features.
A potential value-add is noted to convert an oversized four-car garage into an approximately 2-bedroom, 2.5-bath ADU while maintaining ample parking for every unit, with projections indicating a higher cap rate of 6.75% upon conversion.
The property is located at 4455 S Slauson Ave in Culver City, with walkScore of 64 and bikeScore of 78, and transitScore of 47. The building is designed for low-maintenance, long-term ownership with water conservation and reclamation systems, drought-tolerant landscaping, and other energy-efficient features.
A potential value-add is noted to convert an oversized four-car garage into an approximately 2-bedroom, 2.5-bath ADU while maintaining ample parking for every unit, with projections indicating a higher cap rate of 6.75% upon conversion.
Key Highlights
- Constructed in 2024 with 100% occupancy
- Unit mix: two 4‑bedroom 4.5‑bath and two 3‑bedroom 3‑bath residences
- Individually metered water and electricity for tenant control
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $169.3k | $27.00 |
| − Vacancy | −$12.9k | −$2.05 |
| EGI | $156.4k | $24.95 |
| − OpEx | −$46.9k | −$7.48 |
| NOI | $109.5k | $17.46 |
6,270 SF · lease $27.00/SF/yr · vacancy 7.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.56M
$1.37M – $1.82M
NOI $109,497 @ 7.0% cap · market cap 3.08%
Second Best
Apartment 5plus
$1.44M
$1.26M – $1.68M
NOI $100,889 @ 7.0% cap · market cap 2.84%
Theoretical Best
Office A
$3.36M
$2.94M – $3.92M
NOI $234,985 @ 7.0% cap · market cap 6.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,457
Businesses Nearby
Explore this area
Business Placement
Demographics for 90230, CA
32,743
Population
14,198
Households
2.3
Avg Household Size
41
Median Age
58%
College-Educated
91%
High-School Grad
4.5 sq mi
ZIP Area
7,276
Density / Sq Mi
$106,827
Median Household Income
$76,041
Median Earnings
$2,423
Median Rent
$1,025,200
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?
Quadplex - 2024 quadplex with solar panels, individual utilities, and two parking spaces per unit.
Where is this quadplex located?
The property is located at 4455 S Slauson Ave Culver City, CA.
What is the asking price?
The asking price for this property is $3,550,000.
What are key features of this property?
This property features: Constructed in 2024 with 100% occupancy; Unit mix: two 4‑bedroom 4.5‑bath and two 3‑bedroom 3‑bath residences; Individually metered water and electricity for tenant control
