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New Construction Silicon Beach 4-Plex 4455 S Slauson Ave

4 Unit Apartment Building $3,650,000 ($912,500/Unit) 5.40% Cap Rate Culver City, CA 90230

Investment Highlights

  • New Construction
  • Individually Metered
  • Builder Warranty
  • No Rent Control
  • Paid Off Solar
  • Value-Add Opportunity

Executive Summary

Introducing an exceptional opportunity – a recently constructed, non-rent controlled, fully leased four-unit complex in Culver City, situated within the vibrant Silicon Beach district. This prime location attracts major industry players such as Facebook, YouTube, Amazon Studios, Sony Pictures, HBO, Hulu, and Beats Electronics, fostering a dynamic environment. These residences boast spacious layouts with open floor plans, private laundry facilities, multiple decks, and high-end finishes. Each unit also offers two private parking spaces. The front duplex comprises 3-bedroom, 3-bath units, while the back duplex features 4 bedrooms, 4.5 bathrooms – an ideal unit mix for the area. Separate meters for water and electricity enable individualized control over utility usage. Modern appliances, including washer, dryer, dishwasher, 36-inch range, refrigerator, and OTR microwaves, enhance the property's appeal. Additionally, fully paid-off solar panels for each unit contribute to energy efficiency. Enhance your equity in the property and increase its value by converting the current four-car garage into an additional 3-bedroom unit. Every aspect of this property reflects a commitment to environmental sustainability, from construction materials to landscaping and water reclamation systems. The new owner will benefit from a fully warranted, easily maintained, green-certified property. Attractively priced to sell, boasting a generous 5.4% cap rate, this property offers exceptional investment potential for both current income and future growth. The rear duplex includes a spacious four-car garage that could be converted into an ADU, further enhancing investment opportunities. Seize this rare chance to acquire an income-generating asset in a neighborhood with substantial long-term potential.

Financial Summary (Actual - 2023)

Annual Annual Per SF
Gross Rental Income $273,600 $43.64
Other Income - -
Vacancy Loss - -
Effective Gross Income $273,600 $43.64
Taxes - -
Operating Expenses - -
Total Expenses $53,074 $8.46
Net Operating Income $220,526 $35.17

Financial Summary (Actual - 2023)

Gross Rental Income
Annual $273,600
Annual Per SF $43.64
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $273,600
Annual Per SF $43.64
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $53,074
Annual Per SF $8.46
Net Operating Income
Annual $220,526
Annual Per SF $35.17

Property Facts

Price $3,650,000
Price Per Unit $912,500
Sale Type Investment
Cap Rate 5.40%
Gross Rent Multiplier 13.71
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Townhome
Building Class B
Lot Size 0.11 AC
Building Size 6,270 SF
Average Occupancy 0%
No. Stories 3
Year Built 2024
Parking Ratio 1.28/1,000 SF

Unit Amenities

  • Air Conditioning
  • Balcony
  • Cable Ready
  • Dishwasher
  • Disposal
  • Microwave
  • Washer/Dryer
  • Washer/Dryer Hookup
  • Heating
  • Kitchen
  • Granite Countertops
  • Hardwood Floors
  • High Speed Internet Access
  • Refrigerator
  • Oven
  • Sprinkler System
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Views
  • Wi-Fi
  • Deck
  • Dining Room
  • Double Pane Windows
  • Family Room
  • Freezer
  • Handrails
  • Island Kitchen
  • Smoke Free
  • Window Coverings

Site Amenities

  • Fenced Lot
  • Gated
  • Smoke Free
  • Trash Pickup - Curbside
  • Car Charging Station

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
4+4.5 2 $5,950 1,530
3+3 2 $5,450 1,385
Walk Score ®
Very Walkable (75)
Bike Score ®
Very Bikeable (81)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code R3-1 (Residential)
R3-1 (Residential)
  • Listing ID: 30737628

  • Date on Market: 1/23/2024

  • Last Updated:

  • Address: 4455 S Slauson Ave, Culver City, CA 90230

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