3819 Dunn Dr - Apartments FOR SALE


Culver City, CA 90232
$1,950,000 USD
213-268-1515
3819 Dunn Dr, Culver City, CA for Sale
$1,950,000 USD
Apartments - FOR SALE
1/12
null | 4.63% Cap Rate

3819 Dunn Dr
Culver City, CA 90232


HIGHLIGHTS

  • 3819 Dunn Drive presents the unique story-book apartment assets, The Hobbit Houses, designed by Disney artisan.
  • In the most desirable section of Downtown Culver City, equidistant between the beach and Downtown Los Angeles.
  • Located on a densely populated residential street surrounded by apartment buildings, the light rail, and media-entertainment companies.
  • The Hobbit House is a generational asset and an opportunity to buy a piece of Hollywood history.

OVERVIEW

Affectionately known as "Hobbit Houses," this unique nine-unit apartment campus featuring story-book architecture was designed and built in the 1940s by Disney Artist Lawrence Joseph. The property is located in the heart of Culver City, the creative epicenter of Los Angeles, boasting the entertainment headquarters of numerous industry leaders (Apple, Amazon Studios, Sony Pictures). The Hobbit Houses are generational assets and an opportunity to buy a piece of Hollywood history. The five story-book structures have shingled roofs, and there is parking on-site for nine cars. The enchanting village has multiple structures with shingled roofs, twisted brick chimneys, stained glass windows, and an otherworldly atmosphere that is straight out of a Hollywood fairytale. Current leases are below market rates, presenting an opportunity for future rent adjustments. The property is being offered "as-is" via Trust Sale. No Court Confirmation is required.

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$414 USD /SF

# OF UNITS

9

PRICE/UNIT

$216,667

CAP RATE

4.63%

% LEASED

89%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Hobbit Houses

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1948

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,980 SF

ZONING

R-4

APN/PARCEL ID

4207-005-005,4207-005-006

ASK ABOUT THIS PROPERTY

Chris HuddlestonThe Sher GroupMore Info
213-268-1515

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Chris HuddlestonThe Sher GroupMore Info
213-268-1515

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.