Multifamily For Sale • 9,236 SF
| Delivered fully leased and producing a true 6.25% cap rate with immediate day one cash flow |
| $336,000 in annual gross income supported by strong Mid City rental demand |
| Located minutes from Culver City’s tech and media corridor including Amazon Studios, Apple, HBO, and Sony |
| Prime Mid City location attracting young professionals seeking central access to the Westside, Beverly Hills, and Downtown Los Angeles |
| All units separately metered for electric and water keeping operating expenses extremely low |
| Attractive basis at $716,500 per unit and $465 per square foot for new construction in a high growth rental market |
| Cap Rate: | 6.25 % |
| Total Expenses: | $57,322 USD |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| 15 min | - | 8.8 mi | |
| Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) | 17 min | - | 9.0 mi |
| Airport | Drive | Walk | Distance |
| Los Angeles International | 18 min | - | 8.7 mi |
| Bob Hope | 29 min | - | 13.2 mi |
| Long Beach (Daugherty Field) | 36 min | - | 25.2 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 4 |
| Type: | Surface |
| Included in Rent: | Yes |