10022 Culver Blvd Culver City, CA 90232
Active
$5,450,000
10 Units
12 Beds
11 Baths
6,992 Area(sq.ft.)
7,639 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 7 | 1 | 1 | No | $ 3,256 | $ 22,792 | $ 23,450 |
| Unit 2 | 1 | 1 | 1 | No | $ 2,775 | $ 2,775 | $ 2,950 |
| Unit 3 | 1 | 2 | 1 | No | $ 3,375 | $ 3,375 | $ 3,395 |
| Unit 4 | 1 | 2 | 2 | No | $ 3,750 | $ 3,750 | $ 3,800 |
| 4 | 10 | 12 | 11 | $ 32,692 | $ 169,444 | $ 174,295 |
| MLS #: | 24-439699 |
| Days On Market: | 91 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 779 |
| Price per unit: | $ 545,000 |
| Year Built: | 1953 |
Property Details
Back on the market with a major price adjustment: The Culver, located across the street from Sony Studios in downtown Culver City, is a best in-class, 10-unit apartment building that has been fully renovated inside and out to meet the unique demands of the submarket. The Culver boats a Walker's Paradise score of 95 out of 100. New investors can benefit from a true pride-of ownership, luxury asset in one of the hottest employment, entertainment and cultural hubs in Southern California. The property consists of 8 units plus two legal and permitted ADUs.Interested in this Listing?
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Income Details
| Gross Operating Income: | $ 380,523 |
| Total Annual Expense: | $ 111,190 |
| Net Operating Income: | $ 269,333 |
| Gross Annual Income: | $ 392,292 |
| Cap Rate: | 4.94% |
| Gross Rent Multiplier: | 13.89 |
Structure
| Type of Units: | Apartments |
| Buildings: | 1 |
| Levels: | Two |
Land & Parking
| Zoning: | CCC3YY |
| Parking Garage: | Assigned |
Interior
| AC/Cooling: | Air Conditioning |
| Equipment: | None |
| Heating: | Wall |
Exterior
Detailed Map
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Income
