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11817 Culver Blvd
Los Angeles, CA 90066 Del Rey

$1,275,000 USD

Apartments For Sale  •  7,818 SF

Property Details

  • Property Type Apartments
  • Total Building Size 4,807 SF
  • Lot Size 0.19 AC
  • Building Class C
  • Year Built 1952
  • Cap Rate 3.61 %
  • Zoning LAR3
60 Transit Score
60 Walk Score

Highlights

6-unit property plus (1) non-conforming bachelor unit in Del Rey built in 1952/1960 (7 units total). Property has (6) on-site parking spaces.
Mix consists of a 2BR/1BA detached front house, and (5) 1BR/1BA units, plus (1) non-conforming permitted guest room operating as a bachelor unit.
Trust Sale offered to the market for first time in 54 years. On-site laundry room brings in additional income. Electrical has been fully updated.
97% in potential rental upside for investors to realize over their holding period in a tight rental market.Required soft story retrofit was completed.
Close to the 405 Freeway entrance giving quick access to Santa Monica, Culver City, and West LA. Part of a broader 3-Property Westside Trust Sale:
11817 Culver Blvd – 7 Units for $1,275,000, 3674 Empire Dr – 10 Units for $2,400,000, 4253 Centinela Ave – 6 Units for $1,500,000.Strong attached ADU.
Cap Rate: 3.61 %

Public Transportation

AirportDriveWalkDistance
Los Angeles International 12 min - 5.1 mi
Bob Hope 34 min - 22.8 mi
Long Beach (Daugherty Field) 32 min - 23.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 6
Type: Covered
Included in Rent: Yes
Jake Glaser 310-494-6368 Lyon Stahl Investment Real Estate
Jake Glaser 310-494-6368 Lyon Stahl Investment Real Estate