4455 Slauson Ave Los Angeles, CA 90043-2717
- Commercial kitchens
- 1,428 SF
- 0.33 lot acres
Jun 25, 2024
Current Use by Public Records
- Sachi Teriyaki House / Japanese Restaurant
Property Details for 4455 Slauson Ave
- Year built
- 1979
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.33 lot acres
- Property size
- 1,428 SF
- Zone code
- LCC2*
- Property type
- Commercial kitchens
- APN
- 5008-015-049
- APU
- 5008015049
Description
This exceptional, newly constructed four-unit apartment building in Culver City's Silicon Beach area presents a compelling investment opportunity. The property, built in 2024, boasts a total of 6,207 square feet on a 5,204 square foot lot and features two buildings, each three stories high. The complex comprises two 3-bedroom, 3-bathroom units and two 4-bedroom, 4.5-bathroom units, offering a desirable unit mix for the area. Each unit includes two parking spaces, private laundry facilities, multiple decks, and high-end finishes, including modern appliances (washer, dryer, dishwasher, 36-inch range, refrigerator, and OTR microwave). Individual water and electricity meters provide efficient utility management. The property is currently vacant, offering immediate potential for rental income. A pro forma gross rent of $273,600 is projected. All units benefit from fully paid-off solar panels, contributing to energy efficiency and reduced operating costs. The property is zoned R3 and has a current cap rate of 5.74%, with a potential increase to 6.45% through the conversion of the existing four-car garage in the rear duplex into an additional 3-bedroom unit (ADU). The asking price is $3,650,000, representing a price per unit of $912,500 and a price per square foot of $588.05. The property's strong location in the thriving Silicon Beach area, combined with its modern amenities, vacant status, and potential for value-add improvements, makes it an attractive investment with significant long-term potential. The property is delivered vacant with no rent control. The Net Operating Income (NOI) is $209,625. The property is fully warranted and green-certified.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,200,000
- ML approach
- $1,200,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,992,000
Market price range: $357k - $1.99M
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Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.354
- Latitude
- 33.9892
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA