Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

10

Building size

15,860 sqft

Lot size

16,000 sqft

Year built

2022

Stories

3

Garage spaces

5

Style

Modern

Heating

Central

Cooling

Central Air

Pool

None

View

City Lights,Peek-A-Boo

Status

Active

Days on market

0

MLS #

248831674

About this property

10 Units | 2022 Construction | West Adams Adj. Culver City | 6.9% Actual Cap | 100% Leased. Ten-unit, 2022-built (No Rent Control) West Adams portfolio between Culver City and DTLA 100% leased, 6.9% actual cap rate, $40,743/mo in place. 2 side-by-side lots each with their own APN, 2 driveway aisles, 4 buildings, at 2725, 2727, 2733 & 2801 S. La Brea (approx. 15,860 SF) with a mix of 1, 3, & 4-bedroom units featuring stainless appliances, in-unit washer/dryer, laminate flooring, high ceilings and central HVAC. Near-new construction means low CapEx and a clean, modern rent roll. Located in an Opportunity Zone, NON-rent-controlled, 2 minutes to the 10 with quick access to the 110, 90 and 405, near the Metro E Line, and a short drive to LAX. Surrounded by major investment: Apple's 536,000 SF Culver Crossings campus, Amazon MGM Studios, HBO at Ivy Station, Sony Pictures, Kilroy's Blackwelder creative campus, Carmel Partners' 1,210-unit Cumulus District with Whole Foods, CIM Group's West Adams and Crenshaw mixed-use projects, and the new Costco with 800 apartments in Baldwin Village. Minutes to Downtown Culver City, Baldwin Hills Crenshaw Plaza, SoFi Stadium, and Intuit Dome. Offered at $6.2M combined or $3.1M per building/lot.

Location

2727 S La Brea Avenue

Los Angeles, Los Angeles, CA, 90016