3827 Tilden Ave - Apartments FOR SALE


Culver City, CA 90232- Clarkdale
$4,200,000 USD
510-708-2662
3827 Tilden Ave, Culver City, CA for Sale
$4,200,000 USD
Apartments - FOR SALE
1/13
null | 5% Cap Rate

3827 Tilden Ave
Culver City, CA 90232
Clarkdale


HIGHLIGHTS

  • PRIME CULVER CITY LOCATION | APPROXIMATELY HALF-MILE FROM SONY STUDIOS & DOWNTOWN CULVER CITY
  • PRICED AT ONLY $450/SF | 9,340-SF OF LIVING AREA ON LARGE 10,927-SF LOT
  • 5.00% CAP RATE & 14.50 GRM | 6.55% PRO-FORMA CAP RATE
  • POTENTIAL TO ADD ADUS (BUYER TO VERIFY)
  • OUTSTANDING UNIT MIX | TOTAL OF 15 PARKING SPACES
  • GATED ENTRY & ON-SITE LAUNDRY FACILITY | ZONED CCR4*

OVERVIEW

Luca is proud to present this 10-Unit apartment located in the heart of Culver City. Just footsteps away from downtown, Tilden presents an opportunity to purchase a trophy Asset in a trophy location. Culver City is an epicenter of tech and media, housing Amazon Studios, AppleTV, MAX, Sony Studios, and NFL Networks. Culver City offers a vibrant night life, notable restaurant scene, trendy coffee shops, and an abundance of amenities such as Equinox catering to a young demographic of strong income earners. 3827 Tilden is priced attractively at just $450 per square foot and at a 5.00% cap rate and 14.50 GRM. While the in-place metrics are attractive, an investor can expect strong rental upside being that Culver City is home to one of the most robust and aggressively priced rental markets in Los Angeles County. This class A location provides for a high upper threshold for market rents. Culver City will garner the attention of an investor looking for both long-term appreciation and strong cash-flow. This is an opportunity to buy into one of Los Angeles' most compelling sub-markets at a great value while having the ability to aggressively re-position an asset for higher yield.

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$450 USD /SF

# OF UNITS

10

PRICE/UNIT

$420,000

CAP RATE

5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,927 SF

ZONING

CCR4*

APN/PARCEL ID

4213-005-022

ASK ABOUT THIS PROPERTY

Gianluca JacoliShield Commercial Real EstateMore Info
510-708-2662

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Gianluca JacoliShield Commercial Real EstateMore Info
510-708-2662

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