3826 Prospect Ave Immeuble residentiel 7 lots 2 483 411 € (354 773 €/Lot) Taux de capitalisation 5,65 % Culver City, CA 90232

Get ready to jump on an incredible opportunity in the heart of Culver City! First time on the market in 49 years.

Location, Location, Location!
A short distance from Sony Studios and the vibrant energy of Downtown Culver City! Your future tenants will love the easy access to hot spots like One Culver, Culver Steps, Erewhon, Amazon Studios, NFL Network, Equinox Culver City, and Ivy Station. This prime location ensures high demand and continued appreciation.

Financials!
Offered at a current GRM of 12.24, cap rate of 5.65% and a pro-forma cap rate of 6.54%.

Outstanding Features & Amenities!
This property offers an outstanding unit mix designed to attract a variety of tenants:
• (1) spacious 3-bedroom/2-bathroom unit
• (4) comfortable 2-bedroom/1.75-bathroom units
• (1) charming 1-bedroom/1-bathroom unit
• (1) large single/1-bathroom unit with a private patio
• (1) large office/storage room with electricity and window (can be delivered vacant)
• Tenants will also benefit from ample parking with 11 spaces, and you'll enjoy supplemental income from the on-site laundry facility and office/storage room. Double layer roof was installed in 2017 with 20 year warranty. With 6,749 SF of living area on a generous 7,495-SF lot and CCR4 zoning

• Seller Carry Financing available at 5.90% interest only for 18 months with 40% down.

This Culver City gem is truly a long-term investment you won't want to miss. It's an opportunity to secure a high-performing asset in one of the most desirable locations!

DISCLOSURES:
Rent Control: This property is subject to the Culver City Rent Control and Tenant Protections Ordinance.
Soft Story Retrofit: This property is subject to the Seismic Retrofit Ordinance.