Est. cap rate

3.0%

Assumed rent, all units

$9,120/mo

Units

3

Price per unit

$608,333

Est. annual NOI

$54,720

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Triplex

Bedrooms

3

Building size

1,634 sqft

Lot size

4,500 sqft

Year built

1948

Stories

1

Garage spaces

3

Heating

Central

Cooling

Central Air

Pool

None

View

Neighborhood

Status

Active

Days on market

115

MLS #

243786749

About this property

Prime Culver City triplex featuring three 1-bedroom, 1-bathroom units with extensive renovations completed between 2017 and 2018, plus additional upgrades in 2021 and 2022. Property upgrades include new roof on main building and garage (2021/2022), new electrical and plumbing systems including gas line, new tankless water heaters, new central air and heat for each unit, new recessed lighting, new durable faux hardwood flooring, new double-pane windows, and all new appliances (washer/dryer, dishwasher, stove/microwave, refrigerator). Kitchens and bathrooms have been fully renovated with stone countertops, tile backsplashes, and modern cabinetry. Detached 3-car garage includes a new double garage door and new motor for single-car entry. Front and back yards are serviced by an automatic sprinkler system. Excellent location within walking distance to Farragut Elementary, Culver City Middle School, Culver City High School, and Veterans Park. A turn-key investment property with major system upgrades and strong rental potential in one of Culver City’s most desirable neighborhoods.

Location

4270 Elenda Street

Culver City, Los Angeles, CA, 90230