3873 College Ave - Apartments FOR SALE


Culver City, CA 90232
$2,800,000 USD
510-468-7404
3873 College Ave, Culver City, CA for Sale
$2,800,000 USD
Apartments - FOR SALE
1/6
null | 5.58% Cap Rate

3873 College Ave
Culver City, CA 90232


HIGHLIGHTS

  • (8) Spacious Units In a Quiet Neighborhood!
  • 1 Unit Delivered Vacant!
  • (1) 2 Bdr 2.5 Bath Town-home Style Unit
  • Gated Parking Offering Security for Tenants!
  • Strong Current Rents with an Additional 20% in Upside!

OVERVIEW

We are pleased to present the opportunity to acquire 3873 College Avenue, an 8-unit multifamily investment in one of the most desirable submarkets in Los Angeles. The area around 3873 College Ave in Culver City offers a variety of amenities suitable for renters. The location is very walkable with a variety of shops and essential services within easy reach. This area also enjoys good transit connections and is very bikeable, enhancing mobility for residents without vehicles. The property currently features 8,912 square feet of gross rentable area, situated on a 9,029-square foot lot. The 8-unit building is composed of 7 two-bedroom/two-bathroom units and 1 Town-Home Style two-bedroom/two and one-half bathroom Owner’s Unit. The property also offers gated parking for tenants. Culver City is a hub for tech and media companies, including several studios and digital media firms. The proximity to such companies makes it an attractive location for professionals working in these industries. This blend of convenient amenities and access to job opportunities makes 3873 College Ave an appealing choice for potential renters. Due to the property’s premier location, 3873 College Avenue offers a unique opportunity to any investor looking to acquire a well-maintained asset with strong in-place rents in the heart of Culver City.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$256 USD /SF

# OF UNITS

8

PRICE/UNIT

$350,000

CAP RATE

5.58%

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

R4, Clarkdale

APN/PARCEL ID

4208-022-029

ASK ABOUT THIS PROPERTY

Chandler RockwellFred Leeds PropertiesMore Info
510-468-7404

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Chandler RockwellFred Leeds PropertiesMore Info
510-468-7404

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