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Apartments For Sale • 9,592 SF
| 10-unit property in Palms built in 1961. Trust Sale offered to the market for first time in 50 years. Property has (1) current vacant bachelor unit. |
| Diverse mix of (4) 2BR/1.5BA, (2) 1BR/1BA, and (4) bachelor units across 6,488 SF of building. Required soft story retrofit was completed. |
| New roof was installed in 2022 per LADBS permit record. Electrical systems have been fully updated with new Siemens main panel, breakers and subpanels |
| Property has (7) tandem parking stalls (14 spaces total). Current rents sit approx. 32% below current market. Strong attached ADU potential. |
| Strong rental demand driven by connectivity to Culver City, Santa Monica and the Westside. Part of a broader 3-Property Westside Trust Sale: |
| 3674 Empire Dr – 10 Units for $2,400,000, 11817 Culver Blvd – 7 Units for $1,275,000, 4253 Centinela Ave – 6 Units for $1,500,000. |
| Cap Rate: | 5.09 % |
| Tenant | SF Occupied | Lease End Date |
|---|---|---|
| Dale Yuzuki - 3674 Empire Drive | ||
| Kancha Enterprises - 3674 Empire Dr |
| Transit/Subway | Drive | Walk | Distance |
|---|---|---|---|
| Palms (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro)) | 2 min | 8 min | 0.4 mi |
| Culver City (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro)) | 4 min | 20 min | 1.0 mi |
| Airport | Drive | Walk | Distance |
| Los Angeles International | 16 min | - | 7.3 mi |
| Bob Hope | 32 min | - | 21.2 mi |
| Long Beach (Daugherty Field) | 34 min | - | 24.8 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Type: | Surface |
| Included in Rent: | Yes |
Jake Glaser
Lyon Stahl Investment Real Estate
Jake Glaser
Lyon Stahl Investment Real Estate
