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4455 S Slauson Avenue

Culver City, CA 90230
  • $3,750,000
  • STATUS: Active
  • ON SITE: 29 Days
  • ID#: OC24022453
Open House
UPDATED: 184 min ago
$3,750,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
2024
County:

School Ratings & Info

Listing Agent(s): Drew Dunn of Four Brothers Real Estate (323-408-1080)


Description

Introducing an exceptional opportunity " a recently constructed, non-rent controlled, vacant four-unit complex in Culver City, situated within the vibrant Silicon Beach district. This prime location attracts major industry players such as Facebook, YouTube, Amazon Studios, Sony Pictures, HBO, Hulu, and Beats Electronics, fostering a dynamic environment. With strong demand for quality housing, all four units are expected to be swiftly occupied, projecting a pro forma gross rent of $273,600 for the new owner. These residences boast spacious layouts with open floor plans, private laundry facilities, multiple decks, and high-end finishes. Each unit also offers two private parking spaces. The front duplex comprises 3-bedroom, 3-bath units, while the back duplex features 4 bedrooms, 4.5 bathrooms " an ideal unit mix for the area. Separate meters for water and electricity enable individualized control over utility usage. Modern appliances, including washer, dryer, dishwasher, 36-inch range, refrigerator, and OTR microwaves, enhance the property's appeal. Additionally, fully paid-off solar panels for each unit contribute to energy efficiency. Enhance your equity in the property and increase its value by converting the current four-car garage into an additional 3-bedroom unit, raising the cap rate to 6.45%. Every aspect of this property reflects a commitment to environmental sustainability, from construction materials to landscaping and water reclamation systems. The new owner will benefit from a fully warranted, easily maintained, green-certified property. Attractively priced to sell, boasting a generous 5.59% cap rate, this property offers exceptional investment potential for both current income and future growth. The rear duplex includes a spacious four-car garage that could be converted into an ADU, further enhancing investment opportunities. Seize this rare chance to acquire an income-generating asset in a neighborhood with substantial long-term potential.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-03-01T10:33:26.237. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Brianna Miller | Synergy Real Estate. Licensed in the State of California, USA.
www.briannasellshomes.com/homes/147128276
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4455 S Slauson Avenue Culver City, CA 90230

  • Price: $3,750,000
  • Status: Active
  • On Site: 29 Days
  • Updated: 184 min ago
  • ID#: OC24022453
0
Beds
0
Baths
0
½ Baths
0.11
Acres
2024
Built
Neighborhood:
C28 - Culver City
County:
Los Angeles
Area:
C28 - Culver City
Property Description
Introducing an exceptional opportunity " a recently constructed, non-rent controlled, vacant four-unit complex in Culver City, situated within the vibrant Silicon Beach district. This prime location attracts major industry players such as Facebook, YouTube, Amazon Studios, Sony Pictures, HBO, Hulu, and Beats Electronics, fostering a dynamic environment. With strong demand for quality housing, all four units are expected to be swiftly occupied, projecting a pro forma gross rent of $273,600 for the new owner. These residences boast spacious layouts with open floor plans, private laundry facilities, multiple decks, and high-end finishes. Each unit also offers two private parking spaces. The front duplex comprises 3-bedroom, 3-bath units, while the back duplex features 4 bedrooms, 4.5 bathrooms " an ideal unit mix for the area. Separate meters for water and electricity enable individualized control over utility usage. Modern appliances, including washer, dryer, dishwasher, 36-inch range, refrigerator, and OTR microwaves, enhance the property's appeal. Additionally, fully paid-off solar panels for each unit contribute to energy efficiency. Enhance your equity in the property and increase its value by converting the current four-car garage into an additional 3-bedroom unit, raising the cap rate to 6.45%. Every aspect of this property reflects a commitment to environmental sustainability, from construction materials to landscaping and water reclamation systems. The new owner will benefit from a fully warranted, easily maintained, green-certified property. Attractively priced to sell, boasting a generous 5.59% cap rate, this property offers exceptional investment potential for both current income and future growth. The rear duplex includes a spacious four-car garage that could be converted into an ADU, further enhancing investment opportunities. Seize this rare chance to acquire an income-generating asset in a neighborhood with substantial long-term potential.
Exterior Features

Entry Level 1 Entry Location Front Lot Features Front YardLawnLandscapedStreet Level Number Of Separate Electric Meters 4 Parking Total 8 Pool Features None Pool Private YN No Property Attached YN Yes View City Lights View YN Yes

Interior Features

Appliances Washer Common Walls 1 Common Wall Cooling DuctlessHigh EfficiencyZoned Cooling YN Yes Fireplace Features None Fireplace YN No

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest Planned Development Community Features Street Lights Fuel Expense 0 Garage YN Yes Green Energy Generation Solar Gross Income 273600 Gross Scheduled Income 273600 Insurance Expense 2915 Land Lease YN No Laundry Features Washer HookupElectric Dryer HookupInside Levels Three Or More Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventionalCal Vet Loan1031 ExchangeFHAVA Loan Net Operating Income 209582 New Construction YN Yes Number Of Separate Gas Meters 0 Number Of Separate Water Meters 4 Number Of Units Leased 0 Operating Expense 53074 Property Sub Type Quadruplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Water Source Public Zoning LAR3



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-03-01T10:33:26.237. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Brianna Miller | Synergy Real Estate. Licensed in the State of California, USA.
 
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Brianna Miller | Synergy Real Estate
140 N. Harvard Avenue #341
Claremont CA, 91711
Listing Agent(s): Drew Dunn of Four Brothers Real Estate (323-408-1080)