3827 Tilden Avenue , Culver City, CA - 90232 is For Sale

  • 24416789
  • 24416789
  • 24416789
  • 24416789
  • 24416789
  • 24416789
  • 24416789
  • 24416789
  • 24416789
  • 24416789
  • 24416789
  • 24416789
  • 24416789
  • 24416789
$4,200,000· Income property

Description

Priced Reduced by $200,0000! Luca is proud to present 3827 Tilden Avenue, a 10-Unit located in the heart of Culver City. Just footsteps away from downtown, Tilden presents an opportunity to purchase a trophy Asset in a trophy location. Culver City is an epicenter of tech and media, housing Amazon Studios, AppleTV, MAX, Sony Studios, and NFL Networks. Culver City offers a vibrant night life, notable restaurant scene, trendy coffee shops, and an abundance of amenities such as Equinox catering to a young demographic of strong income earners. 3827 Tilden is priced attractively at just $450 per square foot and at a 15.15 GRM. While the in-place metrics are attractive, an investor can expect strong rental upside being that Culver City is home to one of the most robust and aggressively priced rental markets in Los Angeles County. This class A location provides for a high upper threshold for market rents. Culver City will garner the attention of an investor looking for both long-term appreciation and strong cash-flow. This is an opportunity to buy into one of Los Angeles' most compelling sub-markets at a great value while having the ability to aggressively re-position an asset for higher yield.

Features

MLS#: 24416789
List Price : $4,200,000
Total Units : 10
CAP rate : $4.51
Gross Operating Income : $268,825
Net Operating Income : $189,386
Sq M : 1,015 M2
Year Built : 1957
Days on market : 52 Days
Gross taxes : N/A
Address : 3827 Tilden Avenue
City : Culver City
State : CA
Zip Code : 90232
Neighborhood : N/A
Stories : 2
Laundry : Individual Room
Parking Features : Carport
Sale Type : Standard
 
Property Type : Residential Income
Original List Price : $4,200,000
Acres : 0.2508
Lot Size (Acres) : 0.2508
Parking Features : Carport
Driving Directions : South of Venice Boulevard, East of Sepulveda Boulevard, West of Huron Avenue, North of Washington Boulevard
 
Courtesy of : Gianluca Jacoli , Shield CRE, Inc.

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