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3675 Dunn Drive 3675 Dunn Dr 18 Unit Apartment Building $15,950,000 ($886,111/Unit) 4.60% Cap Rate Los Angeles, CA 90034
Investment Highlights
- Built in 2019, 3675 Dunn Dr is a Class A multifamily asset comprised of 18 beautifully designed units—centrally located in West LA
- Community amenities include a sundeck with lounge seating and wifi, bike storage, and controlled access entry to the lobby and garage
- Employment population of 662,066 within a five-mile radius/ Submarket occupancy averaged 96.92% over the past five years/
- Unique mix of (3) two-bedroom and (15) three- bedroom floor plans and ranging from 1,140 to 1,528 square feet
- Residents benefit from 52 subterranean parking spots—nearly 3 spots per unit—and EV charging stations
- The average household income within a three-mile radius is $124,510
Executive Summary
New Construction Multifamily Investment Opportunity
• Built in 2019, 3675 Dunn Dr is a Class A multifamily asset comprised of 18 beautifully designed units—centrally located in West LA
• Arranged in a unique mix of (3) two-bedroom and (15) three- bedroom floor plans and ranging from 1,140 to 1,528 square feet, the units feature spacious living rooms, hardwood floors, recessed lighting, private patios, stainless steel appliances, nest thermostats luxury tile floors in the bathrooms, and in-unit washer and dryers
• Community amenities include a sundeck with lounge seating and wifi, bike storage, and controlled access entry to the lobby and garage
• Residents benefit from 52 subterranean parking spots—nearly 3 spots per unit—and EV charging stations
Employment population of 662,066 within a five-mile radius
• Submarket occupancy averaged 96.92% over the past five years
• The average household income within a three-mile radius is $124,510
Well-Located at the Epicenter of West Los Angeles
• Half a mile from the Palms Station for the Expo Metro line, connecting the property to Santa Monica, Downtown Los Angeles and beyond
• Surrounded by known tech hubs of Culver City and the “Silicon Beach” cities of Santa Monica, Venice and Playa Vista
• Direct access to shopping and dining destinations in Los Angeles, from Beverly Hills triangle and Century City Westfield Mall to walkable Brentwood and Santa Monica
• Close proximity to the 10 and 405 freeways, two of the most-used thoroughfares in Los Angeles
• Easy commutes to job centers including Culver City, Santa Monica, Playa Vista, Beverly Hills, Century City and Downtown Los Angeles
• Just six miles from L.A. International Airport (LAX)
• Built in 2019, 3675 Dunn Dr is a Class A multifamily asset comprised of 18 beautifully designed units—centrally located in West LA
• Arranged in a unique mix of (3) two-bedroom and (15) three- bedroom floor plans and ranging from 1,140 to 1,528 square feet, the units feature spacious living rooms, hardwood floors, recessed lighting, private patios, stainless steel appliances, nest thermostats luxury tile floors in the bathrooms, and in-unit washer and dryers
• Community amenities include a sundeck with lounge seating and wifi, bike storage, and controlled access entry to the lobby and garage
• Residents benefit from 52 subterranean parking spots—nearly 3 spots per unit—and EV charging stations
Employment population of 662,066 within a five-mile radius
• Submarket occupancy averaged 96.92% over the past five years
• The average household income within a three-mile radius is $124,510
Well-Located at the Epicenter of West Los Angeles
• Half a mile from the Palms Station for the Expo Metro line, connecting the property to Santa Monica, Downtown Los Angeles and beyond
• Surrounded by known tech hubs of Culver City and the “Silicon Beach” cities of Santa Monica, Venice and Playa Vista
• Direct access to shopping and dining destinations in Los Angeles, from Beverly Hills triangle and Century City Westfield Mall to walkable Brentwood and Santa Monica
• Close proximity to the 10 and 405 freeways, two of the most-used thoroughfares in Los Angeles
• Easy commutes to job centers including Culver City, Santa Monica, Playa Vista, Beverly Hills, Century City and Downtown Los Angeles
• Just six miles from L.A. International Airport (LAX)
Property Facts
| Price | $15,950,000 | Apartment Style | Mid-Rise |
| Price Per Unit | $886,111 | Building Class | A |
| Sale Type | Investment | Lot Size | 0.24 AC |
| Cap Rate | 4.60% | Building Size | 25,000 SF |
| Gross Rent Multiplier | 14 | Average Occupancy | 100% |
| No. Units | 18 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 2019 |
| Property Subtype | Apartment | ||
| Zoning | R3-1 | ||
| Price | $15,950,000 |
| Price Per Unit | $886,111 |
| Sale Type | Investment |
| Cap Rate | 4.60% |
| Gross Rent Multiplier | 14 |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | A |
| Lot Size | 0.24 AC |
| Building Size | 25,000 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 2019 |
| Zoning | R3-1 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Washer/Dryer
- Stainless Steel Appliances
Site Amenities
- Controlled Access
- Car Charging Station
- Lounge
- Sundeck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 3 | $4,415 | 1,008 |
| 3+3 | 15 | $5,248 | 1,350 |
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Moderately walkable
70/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 4313-007-055 | Improvements Assessment | $8,843,400 |
| Land Assessment | $6,762,600 | Total Assessment | $15,606,000 |
Property Taxes
Parcel Number
4313-007-055
Land Assessment
$6,762,600
Improvements Assessment
$8,843,400
Total Assessment
$15,606,000
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3675 Dunn Drive | 3675 Dunn Dr