Property summary
This exceptional 2020-built multifamily property in Los Angeles, CA (90016), offers a compelling investment opportunity. Comprising three units – a 5-bedroom, 5-bathroom single-family residence (approximately 2,439 square feet) and two 5-bedroom, 5-bathroom townhome-style units (approximately 1,819 and 1,727 square feet respectively) – this property boasts a total of 5,985 square feet of net rentable space on a 5,998 square foot lot. The building features high-end finishes including stainless steel appliances, European kitchen cabinets, 10-11 foot ceilings, walk-in showers, and top-notch windows. Additional amenities include balconies with stunning views, built-in storage, 100% waterproof flooring, spacious open floor plans, and pre-wired cable and internet in every room. Security features are also noteworthy, encompassing a 2-camera HD security system with a TV monitor and a motorized security driveway gate. Seven parking spaces are available (four garage spaces and three exterior spaces). Individual meters for gas, water, and electricity are provided. The property is located just five minutes from Culver City, offering convenient access to numerous local amenities. The asking price is $3,185,000, representing a price per square foot of $532.16 and a price per unit of $1,061,666.67. The property boasts a 5.8% cap rate and a pro-forma cap rate of 5.85%, with a pro-forma NOI of $186,232. The property is currently vacant, offering flexibility for the buyer. This is a fee-simple ownership opportunity, suitable for a 1031 exchange. The property is zoned for multifamily use.
Property profile
VerifiedCap rate & NOI
Current use
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Hostel
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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